59,000 ‘lost’ deals: Estimating the financial cost of lockdown to the estate agency sector
The UK's Covid-19 lockdown caused a dramatic slump in the number of new instruction and sales agreed, reports Twenty EA, but property exchanges appear to have been more resilient.
What to read next
Three Phases: How prime London’s property market will emerge from the Covid-19 lockdown
The ongoing Coronavirus lockdown will be followed by a "mini-boom" in prime London's property market, predicts super-prime specialist estate agency Beauchamp.
By PrimeResi
Coronavirus fears are already thwarting one in six property moves, claims London estate agency
An astonishing 17% of UK home buyers and sellers told Benham & Reeves that they have already postponed a move because of the Covid-19 coronavirus.
By PrimeResi
Economists predict ‘a slow recovery in activity, but a relatively benign outcome for house prices’
House prices are likely to fall by 7% as a result of Covid-19, predicts Oxford Economics - but the risks are "heavily skewed" towards much, much bigger price falls of almost 40%...
By PrimeResi
Most read
Finchatton takes on one of Chelsea’s biggest development prizes
Exclusive: Super-prime heavyweight drafted in to steer landmark PCL scheme promising 78 residences with 'world-class' amenities.
Former Knight Frank Private Office partner launches buying agency
Senior figure sets up independent operation focused on high-value acquisitions.
Native Land unveils £15.5mn penthouse with one of Marylebone’s biggest roof terraces
In Pictures: Developer rounds off sales programme at well-received PCL scheme with a flourish.
Knight Frank adds more affiliate brokers as enquiries top 170
Agency continues rollout of self-employed model as it targets key territories across South East and West London.
London sales slump to six-year low as price cuts surge
Fresh analysis of LonRes data reveals agreed sales in the first nine months of 2026 were 22% below the five-year average, and 36% below 2021 levels.
By PrimeResi
Super-prime London developer unveils Dubai debut
Valouran teams up with fellow PCL luxury specialist on a high-end townhouse project in the emirate.
In Pictures: ‘One of Surrey’s most extraordinary country houses’ hits the market at nearly £14mn
Grade I-listed medieval manor - reunited as a single residence after more than 70 years - comes with a moat, 34 acres and Kelly Hoppen interiors.
Buyer found for Richmond Park ‘gem’
Picturesque former gate lodge is one of only a handful of private homes tucked away inside the 2,500-acre Royal Park.
New head of sales at Knight Frank Islington
Sophie McCarthy takes the reins after 17 years with the agency.
Luxury London lettings hit record levels as international buyers bide their time
Wealthy residents 'have not turned away' from Prime Central London, says JLL.
LATEST ARTICLES
Surveyors in short supply as firms struggle to take on new work
Global RICS study finds skills crisis moving up the career ladder, while just 15% of surveying pros feel ready for AI.
Savills bolsters Scottish resi business with senior appointments
New country house boss succeeds Savills veteran after 36 years at the helm, alongside a new head for Glasgow and the West of Scotland.
Book Now: AI & Estate Agency – Practical Insights for Real Impact
LonRes teams up with Greenhouse OS for free webinar on putting AI to work in estate agency, from automating admin to capturing missed leads.
Regent’s Park trophy home once asking £32mn reportedly sells for £11.5mn
Historic Nash-designed mansion changes hands for 44% less than its 2013 purchase price, according to Bloomberg.
Government introduces EPC-style Flood Performance Certificates for homes
New ratings will assess properties’ exposure to flooding and the measures taken to protect them, with potential implications for insurance and lending.
By PrimeResi