Andrew Nunn Associates have produced another quarterly review of the property market.
Mateo Asminian in Sales says:
The property market in W4 entered the quarter with a notable drop off in activity, largely attributed to buyer and vendor caution following the SDLT changes that took effect on April 1st. As a result, April only accounted for less than 30% of the quarter’s total sales. However, the BoE’s decision to drop base rate to 4.25% and the consequent improvement of mortgage rates in May saw the market gain momentum and led to almost 10% more sales agreed month-on-month. On paper and in hindsight, considering both the political and economic landscape in the UK and also the general global geopolitical outlook (both of which typically influence the property market), June should have been a quiet month. Yet, once again, W4 demonstrated a now-familiar resilience in the property market, with the last month in the quarter being responsible for almost 40% of the total number agreed in the three months.
Katherine McDowall from the Lettings division says:
The last three months appear to have brought about some positive news - our independently collected data shows that instruction numbers are improving to meet the high levels of demand and rents are holding strong despite increased competition. Whilst rents are in creasing at a slower rate than previously reported and indeed are levelling out a little, they still remain high compared with pre-pandemic levels.
For the full report, please click on q2-2025-newsletter.
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July 16, 2025
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