40% of properties sold for more than their original asking price in June
"Astonishing" demand broke more property market records last month, reports Propertymark, but the estate agency organisation does anticipate "a rebalancing of the market over the coming months."
Properties sold above asking price reach an all-time high as demand continues to outpace supply
There are 16 buyers for every available property on the market, according to Propertymark.
‘Top of the ladder’ properties lead Spring’s asking price bounce
The average asking price of a new property coming to market increased by 0.9% in the last month, reports Rightmove, with four regions reaching record highs
Property sales boom ‘is not anticipated to last’ but ‘there is no sign of house price inflation losing any steam’ – RICS
Surveyors report the widest mismatch between property supply and demand since 2013, as agreed sales numbers continue to rise ahead of the end of the Stamp Duty holiday.
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Touring eight of London’s most spectacular ultra-prime listings
From an 'incomparable' Hyde Park penthouse to a hidden mansion in Knightsbridge, PrimeResi looks at the options for elite buyers with super-sized budgets.
London Square continues prime site acquisition run with ‘extremely attractive’ Brook Green project
The former school site in West London is the Aldar-owned property developer's eighth acquisition so far this year.
‘Arguably the finest in Mayfair’: Trophy townhouse lists at £49.5mn
Grand red-brick specimen on Balfour Place is the only double-fronted south-facing home in Mayfair Village.
Top-end construction firm installs new Group MD
Castellum founders herald 'a key milestone' for the business as Lyndon Marfell joins from Walter Lilly.
Buying agency platform adds two heavyweight advisors
Johnny Turnbull & John De Pree have joined Claire Whisker's First In The Door team.
Former Northacre sales boss launches new venture
Simon Edwardson's Wind Leaf will be offering up 'market leading advisory services for residential and commercial assets on a worldwide basis'.
New Earls Court plans submitted, promising ‘a global destination’ with 4,000 new homes
Delancey's Earls Court Development team promises 'a place for everyone, a neighbourhood that brings people together, where they feel welcome, safe and included.'
Investor picks up South Ken apartment block
Firm plans to enlarge & rework the period building on Roland Gardens.
Another ‘milestone’ deal in Mayfair as super-prime buyers make their move
Conditions are nervy, but some HNWIs are sensing an opportunity & taking a long-term view, reports top acquisition firm.
Behind the numbers: How many non-doms will be affected by next year’s changes?
Savills estimates that 22,100 non-doms are likely to be exposed to proposed tax changes.
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Knight Frank super-prime sales boss in South of France move
Edward de Mallet Morgan will be focusing on properties worth over €20mn on the Côte d'Azur and beyond.
Property Industry Reactions: BoE holds interest rates at 5%
Today's unsurprising decision 'suggests that bringing interest rates down will be a test of stamina not speed,' notes Jackson-Stops boss.
Abrahmsohn on non-doms, £50k pw rentals & why October 30th will be a watershed moment
Next month's Budget could send shockwaves through every stratum of the property market, writes veteran agent Trevor Abrahmsohn.
Russell Simpson strengthens PCL team
Daniel Trelease and Oscar Martinelli have joined the family-run firm's Chelsea office.
In Pictures: ‘East meets West’ at this serene Hyde Park pied-à-terre
Taylor Howes & Verve Concepts complete new project for international clients at The Bryanston.