Residential Review: Spring 2015

2 May 2015

For the latest Q1 2015 data for London sales and lettings markets...

  • Sales data for prime London shows that transactions and prices are down on Q1 2014, but not all sections of the market are acting in the same way
  • Prime London lettings analysis reveals falling demand and rising stock levels
  • The growing trend of price reductions – in Q1 2015 79% of properties sold in prime London did so for less than their initial asking price
  • Analysis of rising supply levels – over Q1 2015, new instructions across prime London were 17% up on Q1 2014
  • In Paris, seller’s and buyers’ expectations are becoming more aligned