RCA Insights

Chart: Sale and Ask Price Gap in London

By on May 23rd, 2018

Market players in London may have adjusted to a new normal after the uncertainty caused by the Brexit vote. Analysis of available deal data shows that sale prices crept above asking prices at the end of 2017, and the gap increased in the first quarter of 2018.

However, the count of completed deals in London is at an eight-year low, and while there is strong demand for large, prime assets, demand is much thinner in other parts of the market.

1805 Leahy London sale ask_comm MAIN-01

This chart was first published in the Q1’18 edition of Europe Capital Trends. If you are a current RCA subscriber log into your account to download the report and accompanying data file.

Tom Leahy

Tom Leahy

Senior Director, EMEA Analytics

Tom joined RCA in 2014. In his role as Senior Director for the EMEA region, Tom is responsible for the development and expansion of the market analytics service for RCA’s European clients.

Prior to joining RCA, Tom was an Associate Director and then Head of Research at UK-based property consultancy, Lambert Smith Hampton. He started his career as an analyst at research consultancy Property Market Analysis (PMA).