Company Tag: LonRes

Deal numbers are down again in the capital...

PrimeResi's regular stock check, powered by LonRes.

The number of properties available to let is up by over 60% compared to a year ago, but levels are still around 40% below where they were in 2019.

47% fewer property sales were agreed in prime London last week compared to the same week last year, according to the latest LonRes/PrimeResi market data.

Average values across the prime postcodes are now roughly in line with early-2014 levels, reports LonRes.

PrimeResi's regular stock check, powered by LonRes

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.

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

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.

PrimeResi's regular stock check, powered by LonRes

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

The number of properties going under offer last month was down by over a quarter on last year's levels, which 'could impact on the outlook for the last three months of the year', warns LonRes.