Catch up

London Report Private wealth remains focused on London Against the backdrop of the Covid-19 pandemic, private wealth continues to grow and so too investor interest in both residential and commercial property, with “safe haven” locations, such as London, exerting a strong pull in these… At 9.7%, average annual price growth in London exceeds the UK average. Growth is currently stronger than at any point since July 2016 and considerably higher than the 1.2% fall recorded this time a year ago. Although Rightmove report average asking prices fell by 2.7% month on month across the region in January, properties are selling more quickly than a year ago. This follows an unexpectedly strong 2020 when house prices rose 7.3 per cent – the first time house prices have risen in a recession in modern history.