Prime London house prices – Q1 2024
"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"
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"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"
"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"
"A cool city within the City, The Barbican in London’s Square Mile stands firm today as a stronghold of dynamic, fashionable urban living."
"Lucian Cook, head of residential research, shares insight and analysis into the data and trends currently shaping the UK property market in August"
"Recent further increases in the cost of mortgage finance are likely to put further pressure on prices in the more mortgage dependent parts of prime London"
"Price growth stabilises across prime London following a dip at the end of 2022. But realistic pricing will be crucial to maintain momentum and activity this year"
"Despite increasing economic headwinds in London, the number of sales of £1 million-plus homes in September this year were more than 50% above the pre-pandemic norm for the same month, according to Twenty-CI. "
"Demand is remaining steady in London, particularly from younger households"
"The new homes market in London has remained resilient in the face of a number of challenges"