Lettings supply rises in Prime London as sales market stutters
“We are starting to see a noticeable shift in stock from the sales markets to the lettings market as owners are not able to sell for the asking price,” says Knight Frank.
Tom Bill is Head of UK Residential Research, producing reports that include Knight Frank’s flagship Prime Central London indices, the Super Prime London Insight and the London Residential Review. He has written detailed reports on London sub-markets and contributes to The Wealth Report and Global Cities report. Tom, a former Bloomberg and Reuters property journalist, is a regular media contributor on the London property market and has presented at events in Europe and the Middle East.
Tom Bill: Lettings supply rises in prime London amid sales market uncertainty
'The story of low supply in the prime London lettings market appears to be coming to an end,' says Knight Frank's research head.
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Prime London sales market slows by less than the rest of the UK
Prime Central London property prices fell 0.9% in the year to July, according to Knight Frank's last index - which was the largest drop since April 2021. Prime Outer London saw a 0.
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Rental demand will continue to outweigh supply this year in Prime London – Knight Frank
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