Cluttons has released its quarterly London residential market outlook for spring 2017.
The quarterly rate of house price growth in Central London appears to have turned a corner, with prices rising during Q1 2017. Values in prime submarkets are however continuing to recede, albeit at a slowing rate, cementing the emergence of a more stable picture.
In fact, some key submarkets within prime Central London, such as South Kensington, Knightsbridge and Chelsea showed signs of revival, with an increase in prices for the first time since 2015.
In the lettings market, the widespread decrease in values has translated into a revival in enquiries for homes in the two- to five-bedroom bracket, as rates appear to have fallen to what are perceived to be acceptable levels.
Further detail is presented in the report, which is available to download.