Prime London Market Update - Winter 2023/24

23 January 2024

Your quarterly update on the very latest property market movements in prime London for Winter 2023/24.

Report Highlights:

Sales market

  • There were 4.0% more new instructions in Q4 2023 in comparison to the longer-term final quarter trend.
  • The £5m+ price point remains the most active part of the market...

Lettings market

  • Average yields across prime London were 4.37% in Q4 - significantly up on the low of 3.28% recorded in 2020.
  • New instructions across prime London grew by 13.0% in Q4 2023, compared to Q4 2022.

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