Market Report

Golden Venn's quarterly newsletter provides an update on the London property market and insights on selected global destinations.

Summer 2019 Quarterly Market Report


Key Points

  • Prime London prices hold firm between April and June
  • Average prime prices down just 1.8% on same quarter last year
  • Prime rental values up 0.2% quarter on quarter
  • PM may hold emergency Budget with tax cuts and SDLT reform
  • 3.4% wage growth beats expectations and outstrips inflation

Sales Market

There are signs that the prime London market is beginning to stabilise. Savills report average property prices across prime London were just 1.8% lower in the second quarter of 2019 compared to a year previously, less than half the fall...

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Rental Market

Rental values have strengthened across the capital in recent months. Annual growth in rental values in London reached 0.9% in June, according to the official ONS IPHRP, representing the seventh consecutive month of positive price growth...

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Fiscal Policy & Economic Backdrop

Boris Johnson has been named the UK's new Prime Minister. Mr Johnson is set to quit the EU without a deal in October and has indicated an emergency 'no deal' Budget would include tax cuts and an overhaul of stamp duty...

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The Golden Venn Perspective

Although political uncertainty has weighed heavily on the prime central London market, a rise in prospective buyers coupled with the lack of supply has underpinned market prices in recent months...

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Quarterly Tip

"Crisis and deadlocks when they occur have at least this advantage, they force us to think." ~ Jawaharlal Nehru

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