Highlights
Prime London sales
- Sales volumes in prime central London were 7% higher in the year to March in comparison to the 12-month period prior
- In despite of a decline in the number of exchanges, the number of new prospective buyers rose by 5%
- In addition, the ratio of new demand to new supply rose to 4.9% in the final quarter of 2018; the highest level in four years
- Whilst the uncertainty around the political backdrop recedes, the conditions for a recovery in the prime London property market are taking shape
Prime London lettings
- Annual rental growth reverted to positive and saw a 1.1% growth in December for prime central London.
- Prime central London saw an annual gross yield of 3.35%, which was the highest figure in almost seven years.
- Meanwhile, a gross yield of 3.5% in prime outer London was the highest in almost four years
Macroview
- Although there is a lot of uncertainty still surrounding the political landscape, record high levels of employment stand to underline the UK economies resilience
- Furthermore, with interest rates also predicted to remain low, alongside falling inflation; liquidity should benefit from such a correlation
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Highlights
Prime London sales
- Sales volumes in prime central London were 7% higher in the year to March in comparison to the 12-month period prior
- In despite of a decline in the number of exchanges, the number of new prospective buyers rose by 5%
- In addition, the ratio of new demand to new supply rose to 4.9% in the final quarter of 2018; the highest level in four years
- Whilst the uncertainty around the political backdrop recedes, the conditions for a recovery in the prime London property market are taking shape
Prime London lettings
- Annual rental growth reverted to positive and saw a 1.1% growth in December for prime central London.
- Prime central London saw an annual gross yield of 3.35%, which was the highest figure in almost seven years.
- Meanwhile, a gross yield of 3.5% in prime outer London was the highest in almost four years
Macroview
- Although there is a lot of uncertainty still surrounding the political landscape, record high levels of employment stand to underline the UK economies resilience
- Furthermore, with interest rates also predicted to remain low, alongside falling inflation; liquidity should benefit from such a correlation
