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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

Tom Bill shares a snapshot of the key forces at work as the Budget looms large.

The capital's rental stock has fallen 9% in the last year, while tenant demand has risen 6%.

Fresh analysis of LonRes data reveals agreed sales in the first nine months of 2026 were 22% below the five-year average, and 36% below 2021 levels.

Just 1,440 new homes sold across the capital's larger resi developments during Q3, with only 829 bought by individual purchasers.

The number of sales agreed and listing going under offer fell back again last week...

'There’s certainly an element of buyers adopting a wait-and-see approach ahead of the Autumn Budget,' notes eXp after analysing Rightmove listings.

‘Batshit crazy’ plans to equalise CGT with income tax reportedly shelved, although smaller increases could still be on the table.

Chestertons joins other big-name firms in detecting an improvement.

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.