- Prime London prices increased 2.8% in Q2, bringing annual price growth across prime London to 2.6%. Prices are now just 4.9% below the height of the market.
- After a relatively sluggish start to the year, sales volumes increased as expected and were up 28.8% in Q2 compared to the start of the year. That said, sales volumes are still down 9.8% compared to this time last year.
- Although the number of properties available for sale is up 5.7% on last year, new listings are down 8.0%, making it more difficult for buyers who have been looking for a while without much success.
- Gross rental yields have increased steadily over the past 12 months, rising to a resilient 4.3%. This follows a turbulent period through the pandemic which saw yields fluctuate between 3.5% and 3.9%.
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