Cluttons has today released its London residential market outlook for winter 2015/16.
House prices across prime Central London maintained their upward creep during the third quarter, although the pace of growth slowed sharply from Q2. Despite this, prices inched closer to the £2.3 million mark, a record all time high, fuelled for the most part by the dearth of stock on the market.
The lettings market on the other hand is experiencing an upturn in supply, particularly of the buy-to-let flavour, which is holding back rental value growth.
Conversely however, markets on the peripheries of prime Central London are experiencing a shortage of stock as tenants continue to drift further afield in search of better value for money amid an ongoing erosion of geographic loyalty.