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PrimeResi's snapshot of the London property market, featuring the latest sales and lettings data from LonRes.

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Property Market News

Foxtons & Chestertons both saw increased tenant activity in January, but LonRes has highlighted low stock levels in the prime postcodes.

The total number of properties available to rent at the end of last month was nearly 50% lower than five years ago.

The top end of the market took an extended Christmas break in January, reports LonRes, and is 'unlikely to return to the highs of 2021 and 2022 any time soon'.

The annual rate of property price growth picked up from 3.9% in November to 4.6% in December, according to the latest UK HPI.

Savills has welcomed the arrival of 'a new breed of super-prime tenant' in the capital, while UK SIR flags a rise in high-value 'try before you buy' rentals.

Sales supply is running high in the capital's prime postcodes.

The flexibility of the 'rent-to-buy' structure is increasingly appealing to HNWIs, says United Kingdom Sotheby's International Realty, and super-prime landlords are getting on board.

Resi development boss Nick Alderman makes the case for building in the capital, amid market resilience & 'unique opportunities' in the residential space.

CONTACT LONRES: If you would like further independent data on the dynamics of London’s residential market or required some bespoke research for your business, please contact the Research Team at LonRes on [email protected] or call +44 (0)20 7924 6622.