The 2024 has now passed but its data are gold for us!
As we enter the new year, London’s property market continues to showcase its dynamic nature and we want to capture the market insights so we can learn more about the market patterns and how its moves.
This December showed us rapid turnovers in landlord-dominated districts, and some good prolonged market times in luxury areas.
Let’s start.
As you know ScanSan Properties’ detailed December 2024 Rental and Sales Market Reports documents are here to equip you with the best knowledge needed to navigate the market. We have created our own AI therefore if you are interested and looking to increase your leads or your knowledge feel free to test us and ask for a bespoke monthly report.
Rental Market Highlights
London’s rental market in December has shown some good contrasts across its districts:
Hotspots for Landlords: Areas like E14 (Canary Wharf) and E1 (Whitechapel) experienced robust demand and quick turnovers, with inventory levels as low as 3-4 months.
Tenant-Friendly Zones: Upscale areas such as SW3 (Chelsea) and W8 (Kensington) saw slower turnovers and longer days on the market, providing tenants with negotiation leverage.
Price Dynamics: Prime districts like W8 boasted average rents exceeding £10,000 per month for houses, while more affordable yet centrally located areas like E1 offered room rents below £1,000.
Sales Market Overview
The sales market’s landscape was equally varied, reflecting affordability concerns in premium districts and faster activity in emerging areas:
Buyer’s Advantage: Districts like CR0 (Croydon) and E16 (Docklands) stood out for their high transaction volumes and short market durations, making them attractive to first-time buyers and investors.
Luxury Market Challenges: Areas such as W2 (Paddington) and SW8 (Battersea) faced prolonged sale periods, with median days on the market exceeding 150.
Investment Opportunities: Mid-range districts like E14 and E1 balanced affordability with steady demand, making them ideal for buyers seeking value and growth potential.
Get more from our reports
Our comprehensive analyses dive deeper into:
Turnover rates, average prices, and market segmentation.
The interplay between supply, demand, and external factors shaping market trends.
Key opportunities for renters, buyers, and investors to make informed decisions.
Explore the Full Reports
Whether you’re a tenant seeking the best deals, a homeowner planning your next move, or an investor eyeing long-term gains, these reports offer invaluable insights tailored to your needs.
If you are an overseas investor or an estate agent looking for more insights or you are looking for specific insights about your preferred postcode, then we are here to help you!
Fill out our custom request form, and we’ll provide a detailed analysis tailored to your interests.
Get ready! On Monday, January 6th, ScanSan will unveil the ultimate 12-month Rental and Sales Market Insights Report. 📊✨ Don't miss out on a year of valuable trends, data, and insights that can empower your real estate decisions! Stay tuned! 🚀
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