PRIME CENTRAL LONDON
Our report highlights the following key points:
• Transaction levels in the sales market increased during Q2 2017 and pricing at the lower-end of the market held firm.
• The market above £5m is more sensitive but we expect the sales market to continue its acclimatisation during the remainder of this year and to be on a firmer footing by the start of 2018.
• Activity has also picked up in the lettings market during Q2 but rental values continue to decline as oversupply issues persist.
• Stronger transaction activity in Q3 will provide some respite and we expect the market to have rebalanced by the end of this year.