Market update
In the highest value prime central London markets, average prices fell by -2.8% in the third quarter of 2016 and are now -10.6%
Beyond central London, markets have remained more robust. Prices in outer prime London have fallen by a more marginal -1.8%
We expect ongoing demand for prime rental properties in the suburbs and key commuter locations of the capital to continue.
Prime Rental Movements in the third quarter of 2016
Rental values in the prime markets of London’s commuter belt fell my over -1.3% over the third quarter of this year, leaving annual growth at -0.3%. Statistics provided by Savills.
| Quarterly | Annual | 5 year | £/sq ft | |
|---|---|---|---|---|
| Suburbs | -0.7% | -0.6% | 10.0% | £18 |
| Inner Commute | -2.7% | -1.5% | 2.2% | £17 |
| Outer Commute | 0.7% | 2.5% | N/A | £16 |
| All Commuter Belt | -1.3% | -0.3% | 7.3% | £17 |