#73 ScanSan Sales & Rental Market Insights: September 2024

London’s property market is constantly moving and shifting it never stays still.?

September’s month is very interesting, presenting some significant trends in both the rental and sale sectors considering the interest rate went slightly down. Whether you're a landlord, tenant, buyer, or seller, understanding these dynamics can help you make informed decisions in a market that never stays still. ScanSan will give you some good information that you can use it next month:

Rental Market: Landlords Maintain Control in Key Districts

In the rental market, landlords continue to hold the upper hand in many central areas, with districts like W2, NW3, and E14 experiencing high demand and limited supply. These "Landlord's markets" are characterized by fast-moving properties, higher rental prices, and stiffer competition among renters.

However, not all areas are the same. Some districts, such as NW8 and SW3, present a more balanced rental environment, where supply and demand are evenly matched. Renters in these areas might find more favorable negotiation conditions and a wider range of choices compared to the hyper-competitive central zones.

Overall, the rental market in September shows stability with a slight cooling effect compared to August, offering renters more breathing room while landlords in high-demand areas still benefit from strong demand.

If you read till here and you are looking for a detailed breakdown of the districts, turnover percentages, and days on market, download our full Rental Market Report for September 2024 (click here and choose the month: https://www.scansanproperties.com/reports)

Sale Market: Buyers in the Driver’s Seat

If you’re looking to buy, this might be your moment. The London sale market is dominated by a buyer's market, where a surplus of properties gives buyers more negotiating power and greater choice. With properties taking longer to sell and inventory levels remaining high, buyers are in a strong position to secure better deals.

While most districts show high months of inventory, a few areas are starting to see increased buyer activity, such as E14 and SW11 (very interesting what is happening in E14). Despite these upticks, the market overall is characterized by slower turnover and longer days on the market, making it a favorable time for buyers to enter or expand their investments.

If you’re a seller, however, this means competition is high, and pricing competitively or offering attractive incentives will be key to standing out in this crowded market.

I would suggest having a look and analysing the data in the report, you will be shocked by the sales data and the key insights, download our Sale Market Report for September 2024 (choose the month: https://www.scansanproperties.com/reports)?