Prime London Market Update - Summer 2023

24 July 2023

Your quarterly update on the very latest property market movements in prime London for Summer 2023.

Report highlights:

Sales market

  • Q2 saw the highest number of new instructions on record, with sales unable to keep pace. [£5m+ market]
  • Sales volumes in H1 are 4.6% higher than the 2017 to 2019 average.

Lettings market

  • Rents in prime central London grew strongly in Q2, up 6.6% compared to Q1, taking annual growth to 12.8%.
  • The market continues to see strong demand set against very low levels of stock and no sign of new instructions increasing.

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