JLL Residential

Prime Central London Report - March 2017

About the report

Sales and lettings markets in Prime Central London have entered 2017 in a more optimistic mood. Both have suffered from price falls and an overhang of properties on the market during 2016, but with price adjustments from stamp duty changes now largely absorbed, the outlook is more promising. Nevertheless, with Brexit negotiations still ahead of us, 2017 will be a year of market stabilisation. We expect prices to remain steady but forecast activity to increase.

Prime Central London Report

Prime Central London Report

The prospects for 2017 look more promising than they have for some time. Pricing seems to have found a new level while influences such as the stamp duty reforms, the EU referendum result and even the new US president have all been largely absorbed by the market. 2017 is unlikely to be a totally trouble-free year but the foundations certainly seem to be firmer now. We expect transaction levels to be notably higher compared with 2016 and we predict that prices will remain broadly flat during the year ahead.

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