‘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. "Th
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.
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Former Goldman Sachs exec launches North London buying agency
Sandra Luehrmann’s Properly Home has already secured a number of multi-million pound houses for clients.
Alex Michelin: Why London’s super-prime buyers are no longer driven by location
The significance of postcodes is fading, explains the influential luxury property developer, while demand for unique, individualised homes is rising.
Developer to revive ‘architectural masterpiece’ in SW London
Aldar-owned London Square continues acquisition drive with purchase of Grade II* listed former Surrey County Council HQ.
Cluttons poaches Knight Frank star to head prime resi team
Laura Dam Villena will be leading the 'strategic vision' for Cluttons’ network of PCL branches, as venerable agency eyes an expansion in the sector.
Indian tycoon buys £8.5mn project on Grosvenor Square
'Shell and core' unit came with an illustrious past as the former residence of Countess Raine Spencer.
London Square development pipeline hits £2.7bn, up by 80% since acquisition by Aldar
Developer reveals massive growth & ambitions to 'deliver on its full potential' under new owner.
‘Britain is being turned into the departure lounge’ warns non-dom lobby group
'The government is listening,' say lobbyists calling for a rethink on the abolition of non-dom status.
20,000 sq ft mansion with ‘some of the best views in the South of England’ seeks £14mn
In Pictures: Nine-bed super-home in 45 acres hits the market in Kent.
Buyer sought for ‘exceptionally rare’ development opp overlooking Hampstead Heath
1.21 acre swathe is on one of the most prestigious roads in Highgate.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes
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Interview: Hamptons’ Craig Tonkin on positioning a heritage estate agency for success in today’s PCL property market
Earlier this year, longstanding national estate agency Hamptons (est
Chancellor set to leave CGT rates for second homes ‘untouched’
New leaks from Downing Street suggest Rachel Reeves is planning to leave Capital Gains Tax on property sales unchanged, while increasing rates on other asset sales by 'several percentage points'.
£11mn Mayfair townhouse snapped up in ‘ultra-fast’ deal
Former residence of Countess Raine Spencer on Farm Street sold within three days of listing, following a 'wave of enquiries from around the world'.
Prime Time: Agency reports surge in film & TV lettings demand
The UK's film & television industry is booming right now, and crews & actors have decent budgets for suitable properties.
In Pictures: Cipriani Residences Miami’s London launch party
Mast Capital showcased its latest luxury branded residential project to Mayfair's deal-makers & glitterati last week.