Agents report ‘noticeably less competition’ for development land
Major housebuilders have cut back on land buying in an effort to ride out the weaker sales market, says Savills, with some pausing activity altogether.
What to read next
Savills points to ‘a new dynamic in the residential land market’ as alternative uses drive competition
“Although the current land market remains buoyant, capacity for further growth is limited," warns Patrick Eve, Savills head of regional development.
Prime rental yields hit a decade-high
Knight Frank has flagged a clear increase in high-value properties hitting the rental market since the ill-fated 'mini Budget'.
Tenant competition begins to ease as asking rents hit another record high
London rents are rising faster than in any other region, with the average asking rent in Inner London topping £3,000 pcm for the first time.
Most read
UK Sotheby’s adds new directors covering PCL & West London
Luxury brokerage extends recruitment drive across prime postcodes with brace of sales appointments.
New platform opens door to distressed property deals
Exclusive: Receiv-r promises an early heads-up on property and land opps - and already has a big-name brokerage on board.
Where did the Knightsbridge buyer go? James Moran on PCL’s shifting geography
Middleton Advisors' London sales boss explores the changing fortunes of one of the capital’s most famous enclaves - and where today’s moneyed purchasers have been turning their attention.
£37.5mn Banda-designed super-duplex unveiled at The OWO
In Pictures: Top-end studio delivers 3,804 sq ft heritage-inspired residence at luxury Raffles-branded scheme in Whitehall.
Investor snaps up nine Notting Hill flats in £11mn bulk deal
Agents flag renewed appetite for bulk resi acquisitions from overseas investors as prime London rents climb.
In Pictures: Historic Cotswold estate hits the market at £15mn
Substantial pile with Sims Hilditch interiors and a party barn launches with autumn selling season in full swing.
Government ramps up plans to regulate property agents
Update Industry Reactions: Ministers unveil licensing regime and independent regulator, going much further than proposals announced last year.
‘First hard evidence’ emerges of £2mn mansion tax effect on property prices
Fresh data confirms that transactions are 'bunching' below the incoming High Value Council Tax Surcharge threshold.
Alexander Main brings in senior hire for big lettings push
Former Domus Nova & Foxtons operator joins line-up to lead ambitious two-year-old agency’s new division.
Boutique agency secures high-profile £9mn listing at Riverwalk
Plumbing tycoon instructs Mayfair-based firm to find a buyer for his spectacular Thameside pad after upping sticks to Spain.
LATEST ARTICLES
Prime Central London posts first quarterly price growth in four years
‘Buyers are sensing value’, says Knight Frank as the capital’s top-end market shows signs of stabilising.
From PCL to Cape Town: Sophie Gamborg on taking the buying advisory model overseas
Two decades after starting out in London’s prime resi market, the former Savills & Aylesford agent explains how she spotted a gap in Cape Town - and built a business around it.
Christie’s International Real Estate makes mainland China debut
Luxury property network launches Shanghai outpost.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes
Historic former wealth manager HQ offered with resi potential
Commercial and residential agents have been instructed to find a buyer for the historic estate on Edinburgh's fringe.