Lettings

There's been an upturn in new sales and rental deals across prime London in the last week, although activity remains below previous years' levels.

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Negative numbers abound in our latest weekly sit rep for the prime London property market.

Property firm expects 'a gradual improvement in the economy' and highlights 'a positive outlook for the residential sector' - despite a 'significant undersupply of homes' that's set to 'worsen further'…

It must be obvious that the current situation is bad for everyone, writes Property Vision's Charlie Ellingworth.

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Buoyant market conditions are making rental investments look 'very attractive' to opportunists, reports firm.

41% fewer property sales were agreed in prime London last week compared to the same week in 2022, according to the latest PrimeResi Data Hub update.

September data from estate agents 'points to a pricing correction despite average house prices continuing to rise'.

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Instructions rose by 20% last month, but available stock levels are still 50% down on pre-pandemic times, reports LonRes.

Market metrics continue to point to a slowing market, with 18% fewer sales agreed in prime London so far this year compared to last, and 26% fewer than in 2021.