Latest: April property market report

Sales Market

The South West London property market remains active through Q2, although buyers continue to show greater sensitivity to pricing and value. Increased stock levels across the market are giving purchasers more choice, creating a more competitive environment for sellers. Correct launch pricing and strong presentation remain key factors in achieving early interest and reducing time on the market.

Mortgage affordability has improved slightly as average fixed-rate products have eased compared with previous peaks, helping support buyer confidence.

Family homes, turnkey properties and homes close to transport links continue to perform strongly across areas such as:

• Putney
• East Sheen
• Barnes
• Richmond
• Wandsworth
• Mortlake

Lettings Market

The lettings market across South West London remains undersupplied, with tenant demand continuing to exceed available stock in many locations. Competition remains strongest for:

• Two-bedroom flats
• Family houses with gardens
• Properties close to stations
• Homes within sought-after school catchments

Private rental prices across the UK continue to rise annually, although growth has moderated compared with previous years.

Landlords are also adapting to ongoing regulatory reform, including the move towards assured periodic tenancies and wider tenancy changes introduced through the Renters’ Rights reforms.

Market Outlook – Summer 2026

Looking ahead:

• More instructions are expected as seasonal activity increases
• Buyers remain value driven and selective
• Well-presented homes continue to outperform
• Rental demand is expected to remain strong into summer
• Compliance and management support remain key considerations for landlords

South West London continues to show resilience, with demand remaining strongest where pricing, presentation and location are aligned.

Sources & Further Reading

The information and market commentary within this report has been compiled using publicly available data and official industry sources, including:

• Office for National Statistics (ONS) – Private rental market data, housing statistics and price trends
  https://www.ons.gov.uk
• HM Land Registry – UK House Price Index (UK HPI) – Official house price information for England and London markets
  https://www.gov.uk/government/organisations/land-registry
• Department for Levelling Up, Housing and Communities (DLUHC) – Housing policy, private rented sector guidance and market updates
  https://www.gov.uk/government/organisations/department-for-levelling-up-housing-and-communities
• Bank of England – Mortgage rates, interest rate announcements and lending trends
  https://www.bankofengland.co.uk
• UK Finance – Mortgage market activity, lending reports and buyer affordability insights
  https://www.ukfinance.org.uk
• Greater London Authority (GLA) – London housing market analysis and regional trends
  https://www.london.gov.uk
• Gov.uk Housing Guidance – Property legislation, landlord responsibilities and tenancy reform updates
  https://www.gov.uk/housing-local-and-community
• HM Revenue & Customs (HMRC) – Property transaction and Stamp Duty information
  https://www.gov.uk/government/organisations/hm-revenue-customs

Report prepared: 21 May 2026
Market focus: South West London Residential Sales & Lettings Market
Areas covered: Putney, East Sheen, Barnes, Richmond, Mortlake, Roehampton and surrounding South West London locations.