London, residential market outlook, autumn 2017

Cluttons has released its quarterly London residential market outlook for autumn 2017.

The report discusses how households remain burdened with affordability challenges when trying to make the transition from rented accommodation to owner occupation.

Our data shows that premium submarkets such as South Kensington, Chelsea and Knightsbridge all continued to record positive growth for the second quarter in a row; a stark contrast to last year, when values dipped sharply.

The lettings market also continued to be subject to the same affordability pressures as the sales market. Average rents across prime Central London stood at £1,400 per week at the end of Q2.