2021 was quite a year for both sales and lettings in London. Buyers wanted bigger and spent more - in fact more than any other year since our records began in 2000 - while few would have foreseen the dramatic turnaround seen in the rental market over the last 12 months.
In the final quarter, overall sales prices were 7.2% higher than the same period in 2020, supported by the continued popularity of houses and an increase in sales at the top end of the market. For lettings, new listings again failed to keep pace with new lets, driving further increases in rents in this quarter and adding further pressure to stock levels as we entered into the new year.
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