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London Property Market 19 August 2019

London Residential Property Market Report Summer 2019

Sales market key trends:

  • Strong buyer interest sustained in the second quarter
  • Shortage of available properties continued to limit sales
  • Prices stabilising across more submarkets
  • Fall in sales of new homes encouraged more bulk sales to build-to-rent investors

Although Brexit concern faded somewhat into the background with the extension of the UK’s leaving date, the London sales market continued to be hampered in the three months to June by a shortage of properties available to buy (the Royal Institution of Chartered Surveyors (RICS) reported that the number of available properties was below the long run average throughout the second quarter) and affordability issues.

Preliminary data from the Land Registry suggest that transaction numbers in the first half of the year will be around 16% lower than in the corresponding period in 2018.