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August brought a measured pace to the Pimlico and Westminster property market, with both sales and lettings remaining active but showing signs of seasonal cooling. While summer holidays typically lead to a slower rhythm, underlying demand has remained encouragingly firm.
Serious buyers and tenants have stayed in the market, while sellers and landlords who priced competitively continued to achieve strong outcomes. If you are based in SW1, here is what you need to know about the latest market performance — and what to expect as we move into the autumn.
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If you are planning to sell or let a property in Pimlico or Westminster, one of the most important decisions you will make is choosing the right estate agent. The SW1 property market is unique, with its mix of Georgian terraces, post war apartments, mansion blocks and elegant garden squares. Selecting an estate agent who truly understands the nuances of Pimlico and Westminster can have a significant impact on the success of your sale or letting.
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As July draws to a close, the Pimlico and Westminster property markets continue to show strength beneath the seasonal slowdown.
A nationwide dip in asking prices has done little to dent activity locally, where the fundamentals remain solid. Motivated buyers and tenants, improving affordability, and a shared recognition that well-presented, realistically priced properties are still transacting at pace.
If you're considering buying, selling, letting or renting in SW1, read on to find out why now could be a strategic time to act.
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Since 2022, the cost of living across the capital has risen sharply. For both renters and homeowners, the financial burden of securing a place to live has grown considerably driven by inflation, higher interest rates, and a surge in post-pandemic demand.
While national headlines often focus on mortgage rate pressures, the reality for renters particularly in prime central areas like Westminster and Pimlico has been even more striking. According to recent analysis from Zoopla and the ONS, rents have increased by an average of £221 per month since 2022, slightly outpacing the rise in mortgage costs over the same period.
In this report, we examine how those shifts have played out locally, looking at how rent and mortgage payments compare today for 1, 2 and 3-bedroom homes in Westminster and Pimlico, and what it all means for buyers weighing up their options.
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June 2025 has marked a steady transition into the summer market for Pimlico and Westminster, with local activity remaining encouragingly robust against a backdrop of wider economic caution. Both the sales and lettings markets continue to show healthy levels of demand, although buyers and tenants alike remain price-sensitive and highly selective. If you’re a homeowner or landlord in SW1, read on for this month’s insights and find out why listing now could help you make the most of Westminster’s resilient mid-year momentum with Tuckerman Residential.
