‘A Dickensian legal process’: Why property deals take so long to complete
Propertymark data shows that, in March 2016, 78% of transactions progressed from offer acceptance to exchange of contracts within 12 weeks; in March 2024, the figure had slumped to just 29%.
The Property Ombudsman reports huge increase in cases & payouts
Housing redress scheme found in favour of consumers in 83% of cases in 2023, awarding a total of £1.52mn.
14 key principles for licensed estate agents: Future RoPA Code of Practice opens for consultation
“The new code of practice will look to set standards at a higher level than currently legally set," says steering committee leader Baroness Hayter.
Opinions sought on new money-laundering rules for high-end letting agents
The EU's Fifth Money Laundering Directive is slated to come into play in January, requiring UK letting agents dealing in rents above €10k per month to carry out AML checks on their clients.
Most read
£81mn London property portfolio frozen
UWO granted over 85 flats as Crown Prosecution Service probes source of funds.
Lending in the Shadows: What the MFS collapse means for London’s prime property market
Is the high-profile failure of the bridging lender indicative of a wider issue in property finance, or an isolated incident - and what can we learn?
In Pictures: Inside Gunter & Co’s £9.6mn apartment at 60 Curzon
London studio joins roster of designers at the 32-home Mayfair scheme, where sales recently topped £270mn.
‘State of the art’ Kensington townhouse with high-level heritage seeks £16.75mn
This Victorian home raised the game with one of the world's first hydraulic passenger lifts.
Where next for Europe’s branded residential sector?
Scheme numbers set to more than double by 2032 as brands ramp up expansion - but growth is being outpaced globally, new analysis shows.
Interview: Stephen Green & Ben Holland on the realities of running a high-end resi design practice
HollandGreen’s founders on how the design landscape and client expectations have evolved over the past 15 years, and what comes next.
Planners back major rejig at Chelsea Barracks amid ‘significant’ market shift
Luxury townhouses switched out for apartments in next phase of super-prime Belgravia scheme, as developer cites changing demand.
FT: Meet the TikTok realtors selling £20mn mansions on their socials
The Financial Times profiles eight super-prime dealmakers using social media to build business.
£7.5mn new-build mansion snapped up in Surrey
Brokerage tucks away 9,000 sq ft residence in 'record time' - and receives £12.5mn instruction directly off the back of it.
A developer’s view: How a new ‘flight to quality’ is reshaping London homebuilding
Mount Anvil sales boss Jon Hall on how buyer priorities around location, design and brand are shifting in a tougher cycle.
LATEST ARTICLES
Over‑60s hold majority of UK housing wealth, Savills analysis reveals
'The passing of equity between generations is going to be a prominent feature of the housing market in coming years,' comments research chief Lucian Cook.
Winkworth franchisee buys North Cotswolds indie agency
Acquisition of Peter Clarke gives the AIM-listed estate agency an office in Stratford-upon-Avon and an 'impressive market share' in the region.
London house price growth set to climb to 7% a year by 2030
The capital's property market is likely to under-perform the rest of the UK in the short term - but CBRE says a 'chronic shortage of upcoming supply in London' means price growth is likely to accelerate…
Buyer demand is running 13% lower than last year – Zoopla
Property portal says the UK housing market 'remains active, but becoming increasingly reliant on a smaller pool of serious buyers.'
Monday Market Review: Key figures & findings from the last seven days
Your essential five-minute briefing, featuring data, forecasts and analysis from Foxtons, Savills, ONS, LonRes, Zoopla, OnTheMarket, Knight Frank & more...