Market in Minutes: Central London Retail – Q4 2023
"Positive year-end metrics and the improving macroeconomic outlook bode well for 2024"
Tagged Articles
"Positive year-end metrics and the improving macroeconomic outlook bode well for 2024"
"Seasonality returns to London’s prime rental markets as growth dips marginally into negative territory for the first time since March 2021"
"We discuss recent prime rental movements, identify key market trends, and provide our updated five-year prime rental forecasts"
"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"
"Looking back at the property headlines in 2023 so far, you would be led to believe that wealth and investment had deserted the UK, and the property market had halted. But there is a marked difference between the headlines and reality when it comes to prime central London property today."
"Our data-focused approach details the latest price and transactional activity, while providing valuable historical context to these movements."
"In the first half of 2023, global prime residential markets saw a continued slowdown in activity, with capital values rising by just 1.1% across the 30 cities included in the Savills World Cities Prime Residential Index during the first six months of the year."