London's Property Market Shows Varied Trends

The commercial prime property market in London is showing resilience, with leasing slightly above long-term averages and strong demand from the insurance and financial services sectors, which accounted for a third of office space leased in 2024. Notably, Bond Street has emerged as a hotspot for luxury retail investment, making up 91% of central London's retail transactions in the second quarter, with significant purchases by high-profile brands. Meanwhile, Havering and Enfield are noted for having the lowest median prices for newly built housing in London, with £298,750 and £371,500 respectively, highlighting the affordability of outer boroughs compared to central locations like Westminster. Additionally, London's vibrant market scene, featuring locations like Columbia Road Flower Market and Greenwich Market, continues to attract locals and tourists alike, offering a mix of history, culture, and unique shopping experiences. Investment opportunities also arise in Doncaster, where a new property with 90 apartments is on the market, promising potential due to its prime city center location. Overall, there is a growing focus on villages across Britain as emerging investment hotspots, offering lower property prices and potential for future appreciation.