Market in Minutes: Central London Retail – Q1 2024
"In the face of subdued sales performance, vacancy continued to contract over Q1 2024, with the prime West End reporting double-digit year-on-year rental growth of 11.7%"
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"In the face of subdued sales performance, vacancy continued to contract over Q1 2024, with the prime West End reporting double-digit year-on-year rental growth of 11.7%"
"Prime London’s £5 million-plus market up on pre-pandemic despite recent slowdown"
"Greater stability in the mortgage markets has encouraged more domestic buyers back to the outer prime London markets whilst prime central London remains steady having held up more strongly since 2022"
"Positive year-end metrics and the improving macroeconomic outlook bode well for 2024"
"We discuss recent prime rental movements, identify key market trends, and provide our updated five-year prime rental forecasts"
"Seasonality returns to London’s prime rental markets as growth dips marginally into negative territory for the first time since March 2021"
"Having been one of London’s most exclusive districts since the 19th century, Belgravia continues to be viewed as one of the capital’s most desirable places to own real estate. "
"Lucian Cook highlights the impact of mortgage debt, the influence of government policies on housing, and his five-year predictions for the UK's property market"
"Positive momentum in the occupier market continues with prime West End vacancy compressing by 282 bps to 6.5% in Q3"
"Cash buyers have supported activity across prime London, but the market remains price-sensitive as buyers’ budgets have come under pressure. As such, sellers who are most prepared to be realistic on price will likely garner the best end result"