Napier Watt Logo
Valuation
Menu
Jul 2023

Latest Q2 property market data revealed

Latest Q2 property market data revealed

The latest data snapshot of the prime central London property market from LonRes, which includes Marylebone, Mayfair, Hyde Park and Regent’s Park, for the last three months makes interesting reading. Overall prices are up 3.5% annually with average flat prices now 4.6% higher than they were five years ago with buyers paying £64 more per square foot. Average prices per square foot have increased by 6% for flats over the last year and decreased by 0.4% for houses. Almost 20% of properties have sold within three months achieving an average price of £1,736,312 for flats and £4,333,449 for houses. Almost 40% of properties are priced at £1 million or higher, 13% in the £5 million plus bracket.

The rental market remains strong with rental values averaging £984 per week for flats and £2,403 per week for houses over the last three months. Achieved rental values rose by 10% compared to the same period last year and rose by 4.2% from April to June 2023 with 31.2% more properties available to let. While over a quarter have asking prices of £2,000 or more per week, around 22% of flats and 24% of houses have seen a reduction in asking rents since they were first put on the market.

Sold Q2 2023

Lettings Q2 2023

Share with friends and family
Recent news articles
Getting ready to move?

Find out how much your property is worth today by booking a valuation with one of our expert team and see where it takes you. You could be pleasantly surprised.

Call us today on +44 (0)20 7935 0011
Book a valuation
The market is starting to bloom…

Book an up-to-date valuation & appraisal today.

Call us today on +44 (0)20 7935 0011
Book a valuation
Some kind words from our clients…

“Thank you Jonathan and the whole team at Napier Watt for marketing and executing the sale of Buckingham Mews so brilliantly.”

“Fawne in the property management team was extremely efficient and helpful in resolving a number of issues we had at our property – very professional.”

“Very Professional!!
Great list of properties they have. Really made the moving in process very easy and quick.”

“The team did a great job in finding a reliable buyer for my property within a short space of time. The sale went through smoothly Will be instructing them again on my next property.”

We use cookies on this website. You are free to manage cookie settings via your browser at any time. To learn more about how (and why) we use cookies, please take a look at our Privacy Policy.

Ok, got it!