Prime London Market Monthly Briefing November 2023
October saw another relatively subdued performance for the prime London sales market. Average achieved prices fell by 3.3% compared to a year earlier. While this is the largest annual fall since May 2021, values overall have been broadly unchanged with little significant movement in either direction for almost a decade. Looking back at average October prices over this period, they have stayed in a range of between £1,250 to £1,350 per sq ft in each year from 2014 through to 2023 and currently sit very close to the 10-year average.
