Welcome to our new Chestertons London Property Market Review
We are delighted to introduce the second report of our new seasonal Property Market Review, which will be published quarterly, with additional analysis published each month to ensure the information we provide is always up to date.
This month’s detailed market review looks at how the current market is performing and answers questions such as how has the end of the Stamp Duty temporary reduction and whether Trumps Tariffs have impacted on the property market yet.
Here’s a summary of the London Property Market:
1. Surge in Properties Being Marketed
• In London, listings are 10% higher than in 2024, although still lower than peak years like 2021.
2. Buyer Demand vs. Supply
• London is the only UK region showing a slight decline (3%) in buyer demand year on year.
• Growth in property listings (supply) is outpacing buyer demand in London, the South West, and East of England.
3. Exchanges and Sales Performance
• National exchanges are up 17.5% and in London by 17.8% YTD, marking one of the busiest markets since 2021.
4. Localised London Trends according to Chestertons’ own data analysis
• Central London is seeing the weakest demand.
• South West London is outperforming with more viewings, offers, and exchanges.
Rental Market – National & London
1. Lettings Demand
• Lettings agreed are up 20% nationally and 22% in London, indicating robust demand.
2. More Properties to Let (demand)
• Although rental supply is up nationally year on year, it is still 22% lower than in 2019.
• In London, rental listings have grown to 30,000/month, with 14% and 10% year-on-year increases in March and April, respectively.
For a more detailed analysis and to explore all the insights from the Spring 2025 London Property Market Review, download the full report below.
We hope this review provides you with valuable insights into the current state of the London property market. If you have any questions or would like further details, please don’t hesitate to contact our team at Chestertons.