Headlines for Monday 18th October 2021

Watch: Inside ‘London’s hottest off-market offering’, Petra Ecclestone’s ‘£170m’ Sloane House

‘Full house’ as asking prices hit record highs in every region & market sector

Every region and market sector saw asking prices rise to a record high last month, reports Rightmove; it’s the first “full house” since 2007.

Portal war steps up in NYC as top brokerages take on Zillow

Agents are describing the launch of Citysnap as ‘the ultimate gamechanger’

PROPS Awards 2021: The winners

Property industry gala raises £250k for Variety, the Children’s Charity.

Lees Associates promotes three

Luxury architecture and interior design firm marks 40 years with three promotions.

Infography: How far will £1m stretch in & out of London?

London’s average £1m home is only a third (36%) bigger than the overall average-sized home in the capital, says Savills. Buyers would get an average of 70% more space if they looked beyond the M25.

Properties The latest luxury property deals, developments & instructions

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Top architecture awards celebrate a new university building in Kingston, affordable townhouses in Newham & a converted water tower in Norfolk
  • 15th Oct 2021

The Royal Institute of British Architects has picked winners for its big design awards of 2021: Grafton Architects has won the Stirling Prize for...

Weekly Showcase: Ten featured prime resi listings
  • 15th Oct 2021
  • by PrimeResi Editor
Developer secures £76m backing for west London scheme
  • 14th Oct 2021
  • by PrimeResi Editor
In Pictures: £10.5m Hampshire mansion is a rare find
  • 14th Oct 2021
  • by PrimeResi Editor
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Derbyshire mansion renovation wins top heritage award
Aussie developer picks up second major London site
One of Scotland’s finest castles hits the market
In Pictures: Viktor Udzenija-designed apartment on Cadogan Square asks £28.5m
Developer pitches stripped-back East London flats at the ‘creatively adventurous’
Weekly Showcase: Ten featured prime resi listings
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Opinions Views & analysis from prime resi insiders

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The Great Recalibration: Is the rebalancing of London and regional property markets here to stay?

The number of £1m+ homes outside of London grew by 95,500 in the 18 months to June 2021, while in London, they rose by less than a fifth of that figure....

‘Vendors who don’t act on their agent’s instruction and reduce their prices now are going to come unstuck’, warns Cluttons boss

The majority of Central London properties are currently about 4% adrift of where the market is, says James Hyman… The Central London sales...

On the vicious cycle of low supply

There is currently a massive imbalance in the UK market with 13 buyers for every property listed, according to Knight Frank. Here, the firm’s Tom Bill...

The Market Sales, lettings & economic trends & analysis

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Students outpace corporate tenants in rental market ‘sprint’

Students are outpacing corporate tenants in the rush to secure the limited rental options available in London. Supply levels are running particularly low...

Scottish prime country houses see highest price growth in 14 years
  • 18th Oct 2021
  • by PrimeResi
London’s super-prime tenants scramble for options as supply dries up
  • 15th Oct 2021
  • by PrimeResi Editor
The total value of British homes has climbed by £1.6 trillion in the last five years
  • 14th Oct 2021
  • by PrimeResi
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‘Little reason to believe’ property supply & demand imbalance will be resolved anytime soon – RICS
Lettings market rally ‘signals return of London as a global destination of choice for employment and education’
Prime London Market Snapshot: Rents roar while sales ‘return to normal conditions one step at a time’
Heatmapped: ‘A new normal for house price growth’
Rightmove records highest ever rental price inflation as ‘boomerang tenants’ return to city centres
The average Stamp Duty bill has escalated 490% in the last 25 years
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Business & People Company news & people moves

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Tenn Capital bags £300m funding facility for ‘aggressive scaling’

Newly-formed high-value bridging lender Tenn Capital has secured a chunky £300 million funding facility via a joint venture with American investment...

Busy architects face ‘growing external challenges’
  • 15th Oct 2021
  • by PrimeResi
OTM partners with Knight’s Property Academy
  • 15th Oct 2021
  • by PrimeResi
Rampton Baseley acquires Palace Gate Lettings
  • 14th Oct 2021
  • by PrimeResi
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Fortwell chief steps down
RICS names interim leadership team
Savills brings in new Notting Hill sales boss from Chestertons
‘Why wait?’ – Grosvenor fast-tracks net-zero sustainability strategy
Another senior hire for CrowdProperty
Lomond Group makes trio of top-level hires, including a former Knight Frank Partner as COO
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Appointments The latest career opportunities

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Videos Watch the latest videos

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Clarkson has revved up the Cotswolds property market, claims agency
  • 1st Oct 2021
440-acre Irish private island finds a buyer
  • 27th Sep 2021
Residential property is attracting ‘more sophisticated investors’, says buying agency
  • 22nd Sep 2021

Design Architecture, interiors & gardens

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Guilty Pleasure Spaces & Gaming Furniture: Eight luxury design trends for 2022
  • 15th Oct 2021
  • by PrimeResi Editor
‘Heritage forest’ planned for Knightsbridge
  • 15th Oct 2021
  • by PrimeResi Editor
Canadian family buys major stake in Foster + Partners
  • 12th Oct 2021
  • by PrimeResi

International Luxury property news from around the world

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Returning UAE buyers splash out on London’s luxury homes

PCL agents have reported a surge in interest from the Middle East with the easing of Covid-19 travel restrictions. UAE buyer numbers between January and...

Trio of new international openings for Sotheby’s
  • 11th Oct 2021
  • by PrimeResi Editor
Four British enclaves make it into Time Out’s top 49 ‘coolest neighbourhoods’ list for 2021
  • 11th Oct 2021
  • by PrimeResi
Pandora Papers: ‘It’s time to pursue lawyers and accountants who enable tax evasion’
  • 8th Oct 2021
  • by Ronen Palan
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In Pictures: Studio Indigo designs extraordinary butterfly-shaped Moscow mansion
Global cities bounce back, as urban property price inflation overtakes national averages
Sales hit three-decade high in revived Manhattan market
‘Pandora Papers’ leak exposes more offshore London property deals
Another massive data leak reveals offshore dealings of the rich & famous
London luxury property firm inks £127.5m Qatari development deal
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Long Reads In-depth features on prime resi matters

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In Pictures: RHS Chelsea Flower Show 2021 Gold Medal Winners

The world’s greatest flower show returned this year, held for the first time ever in September, but with the usual display of cutting-edge garden design....

Inside Lancer Square: The super-prime development setting ‘a new residential standard’ for Kensington

The first residents are about to move in to one of Kensington's most-anticipated new luxury property developments: Lancer Square "sets a new residential...

Five numbers that lay bare the mammoth effort needed to insulate Britain’s homes

Environmental activists recently blocked junctions of the M25 – London’s orbital motorway – to protest the glacial pace at which the UK government is...

Prime Movers Indices The key players at the top of the market, ranked & profiled

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Britain's Top 50 Buying Agencies
  • 22nd Jan 2018
London's Top 50 Boutique Estate Agencies
  • 22nd Jan 2018
Coming Soon
  • 26th Sep 2017