"Continued strong activity and resilient prices across prime London despite some caution ahead of July’s general election. Second half of the year expected to be stronger as confidence improves and interest rates continue to fall."

"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"

"Prime rents picked up over the first quarter of 2024 in line with typical seasonal trends, but affordability pressures and increased stock means growth has settled at a lower level compared to the last few years"

"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"