Rental
The June 2024 Rental Market Report highlights significant trends and potential shifts in the London rental market. While certain areas remain strong Landlord markets, the increased property availability and reduced transactions suggest evolving conditions that could favour tenants in the near future. Keeping abreast of these changes is crucial for both landlords and tenants to navigate the market effectively.
Market Opportunities:
Although currently classified as a Landlord's market, increased property availability and decreased transactions suggest a shift towards a more tenant-friendly market.
Tenants may benefit from more property choices and competitive rental pricing, as landlords may offer better terms to attract renters.
ScanSan Rental Report June 2024: here
Sales
The June 2024 report categorizes market conditions in several postcode districts as predominantly a Buyer's Market. This is characterised by high supply and low demand, resulting in a significant inventory of unsold properties. Overall, the report emphasizes a market heavily favouring buyers, with strategic opportunities for both short-term and long-term investors in the London property market.
Investment Opportunities:
Short-term investors may find districts with lower months of inventory and higher turnover percentages more appealing for quicker returns.
Long-term investors might benefit from districts with extended days on market, providing steady rental income and potential for value appreciation over time.
ScanSan Sale Report June 2024: here
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