Lettings

Lettings activity has slowed after a 'highly active season', says Foxtons.

The cumulative total number of residential sales agreed across prime London so far this year has tracked last year's tally remarkably closely.

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The latest RICS survey results 'once again convey a brighter picture for housing market activity.'

Annual change of 1.1% was recorded in PCL in September, the first time the figure has been below 2% since mid-2021.

Fresh LonRes data show sales market activity is up on last year, while lettings is down.

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'Best-in-class stock is still moving quickly, but broadly there is much less urgency in the market,' says Savills.

More new instructions and more homes going under offer than at this time last year, but fewer sales being agreed and more price reductions...

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Fewer sales were agreed last week in prime London, but there's been a steep rise in the number of homes going Under Offer.

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