Prime London house prices – Q1 2023
"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"
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"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"
"Average rental growth across the 30 cities increased by four times the average capital value growth, at 2.8% and 0.7%, respectively, in H2 2022"
"While cities are still in vogue, global capital value growth slowed during the second half of 2022. The prime rental markets, however, told a different, more positive story"
"Positive capital value growth continued throughout 2022, with average increases of 3.2% across the 30 cities in the index. However, rising interest rates and negative sentiment took a hold in the second half of the year"
"On average, prime residential gross yields have remained stable at 3.0% in 2022. Yields have largely held steady since December 2020, fluctuating by just 10 bps during the pandemic"
"In an environment of rising interest rates, the costs associated with buying, holding and selling a prime residential property are an important consideration"
"For the prime residential markets around the world, soaring demand for urban living against constrained supply has caused capital values to continue rising and rental values to excel"
"Rents outpace capital value growth"
"Resilient and ready to make a recovery"
"High levels of transactional activity, a leap in the number of global ultra-high net worth individuals and the point at which prices sit in a historical context all point to a price recovery in London’s most exclusive residential neighbourhoods. The question is: when?"