‘Another clear sign that it will be a challenging year for the housing market’: Industry reactions to the latest BoE mortgage data
Prime property insiders offer their take on new Bank of England data, highlighting a steep drop-off in mortgage lending at the end of last year - featuring Savills, Knight Frank, SPF Private Clients and more.
‘It is clear that we have returned to a much more price-sensitive housing market after two years of a buying frenzy’ – Rightmove
Asking prices drop 'in line with the norm' despite financial uncertainty.
Balance returns to the housing market as new sales instructions climb
"We’re still a long way off a housing market crash, but things are showing signs of cooling somewhat," reports TwentyCi.
Housing market moves towards a ‘new normal’ after two years of volatility
HMRC's latest property transaction figures show the market settling into a "new normal", after two years of Covid-induced volatility.
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Brace of Mayfair mansions offered as ultra-prime redevelopment opp
A luxury resi reworking of the twin Georgian townhouses on South Audley Street could deliver a £65mn end product, agents suggest.
UK buyer swoops on marquee penthouse at boutique Mayfair scheme
Agents confirm sale of largest penthouse at Three Kings Mayfair for over £8.5mn, as domestic demand continues to trend upward across PCL.
London Square unveils plans for £240mn Chelsea scheme
Assael Architecture-designed proposals involve 42 new homes and a £13mn National Army Museum extension.
Rumourmill: Chancellor ‘plotting mansion tax raid’ on £2mn+ homes
More speculation about potential tax hikes in November's Budget event.
Private island in the Thames heads to auction
Uninhabited ait near Shiplake 'might just be the Thames Valley’s answer to a beach hut', says Savills.
Battersea Power Station owner reportedly mulls sale
It is suggested that BNP Paribas has been brought in to 'explore options' for the sale of non-residential parts of the landmark building.
Brokerage recruits SW London specialist from Savills
UK Sotheby's International Realty announced a 'strategic expansion' into the region earlier this year.
Tapping the Top End: Lucian Cook on the potential impact of taxing luxury homes
As the Treasury signals tax changes, Savills' Head of Residential Research examines their potential impact on the prime property market.
‘The opportunity was clear’: Behind Maybourne’s expansion into branded residences
COO reveals how the Claridge's operator plans to integrate luxury hotels, homes, and wellness into a highly personalised 'ecosystem'.
Major Irish agency expands with key hires & Knight Frank acquisition
Sherry FitzGerald has bought commercial real estate advisor Knight Frank Ireland, and recruited four senior names from Colliers to its residential business.
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In Pictures: Inside the latest super-prime design collab at 60 Curzon
New show apartments by South African-born, London-based interior designer Christian Bense unveiled at luxury Mayfair scheme, including a lavish four-bed priced at over £25mn.
Knight Frank concludes South of France partnership
Agency points to ‘evolving strategic priorities’ as it announces another change to its French network.
Adapt or Die: Why today’s estate agencies are failing to attract new talent
Recruitment boss Barry Collins has some hard truths for property firms stuck in the mid-2000s.
Scotland’s prime market ‘continues to defy national headwinds’
Savills notes a 'resilient' prime resi scene north of the border, although activity at the very top end is 'limited'.
Eccord boosts property management team
Catriona Mackay has joined Jo Eccles' firm following five years in the Notting Hill lettings division at Chestertons.