Continued uncertainty over Brexit, together with ongoing high transaction costs, has ensured that price sensitivity remains the main theme of the prime central London sales market. Sellers must remain realistic in their pricing given that over three-quarters of transactions since January have witnessed a price reduction.
While the sales market is still in many respects a buyer’s market, the rental market in prime central London is showing signs of improvement. With demand strengthening against supply and the average length of a tenancy increasing, there is cautious optimism in the sector.
International investors are increasingly interested in the market as they look to diversify from their domestic markets. As London continues to top the Z/Yen Global Financial Index and prices are forecast to rise over the next five years, this could be the right time to take advantage of softer prices and favourable exchange rates.
Past issues
- Spring 2014
- Summer 2014
- Autumn 2014
- Winter 2015
- Spring 2015
- Autumn 2015
- Winter 2016
- Spring 2016
- Summer 2016
- Autumn 2016
- Winter 2017
- Spring 2017
- Summer 2017
- Autumn 2017
- Winter 2018
- Spring 2018
- Summer 2018
- Autumn 2018
- Winter 2019
- Spring 2019
- Summer 2019
- Autumn 2019
- Winter 2020
- Summer 2020
- Autumn 2022
- Winter 2023
- Spring 2023