'Asking prices in the majority of PCL remain frankly delusional': Emma Fildes on a rollercoaster year for resi property
From the post-pandemic frenzy to the sticky situation buyers & sellers find themselves in today, how the market has changed in just 12 months.
Buyers spent a record £5.2bn on PCL property last year
...but prices and stock levels both fell in the final quarter, reports JLL.
Rightmove predicts 2% drop for house prices next year
Asking prices are falling as 'sellers who are determined to find a buyer quickly adjust their expectations and adapt to a less frenzied housing market,' says Rightmove, as the portal predicts a 'relatively…
PCL property prices to climb 13.5% over the next five years, predicts Savills, as prime markets out-perform
Savills has updated its five-year property market forecasts, predicting price drops in all regions and sectors in 2023.
Most read
RIB recruits top Sotheby’s agent in ‘significant’ prime resi push
Longstanding independent firm ramps up resi division with recruitment of high-profile broker & star of Britain’s Most Expensive Houses as head of sales.
‘Disruptive’ country property agency hits £220mn in sales
Andrew Russell & Ben Bentley's independent firm, The Country House Department, is on course for a 'record' year following a number of big-ticket deals.
Buyer sought for ‘exceptional’ Chelsea development site
Freehold swathe on sought-after Tite Street has scope for a significant prime resi scheme.
Savills star Sarah Peck joins UK Sotheby’s International Realty
The luxury estate agency is assembling a stellar team as it embarks on a 'new era' under its new owner.
London property consultancy recruits director of private clients
Hamish Bruce has joined Inhous following stints at Marsh & Parsons and Black Brick.
Knight Frank expands super-prime lettings team
Property firm adds new faces to its top-tier lettings teams in Prime Central London and in South West London & the Home Counties
Boutique branded resi scheme in Chelsea tops out
Apartments at The Lucan - London’s first standalone Autograph Collection Residences - will come with a suite of five-star services laid on by luxury hotelier Marriott.
Election 2024: Prime property sector sees “cause for optimism” in the prospect of a Labour government
'The likelihood of an incoming Labour government no longer feels like a massive threat to prime property markets in London and the country,' says Middleton Advisors.
LATEST ARTICLES
In Pictures: ‘Wild-luxury’ scheme in Dubai aims to ‘define the next generation of 21st century buildings’
European developer's 'holistic' waterfront project has been inspired by the Banyan tree and will feature thousands of crystals to 'eliminate any negative energy'.
Valouran tees up £120mn luxury resi scheme on Billionaires’ Row
Alex Michelin & Matthew Robertson's new development firm announces plans to deliver a 30-unit scheme on The Bishops Avenue, just weeks after embarking on a top-end project in St John's Wood.
Jo Eccles: The autumn market is gathering momentum
Buyer confidence has been boosted by a number of factors over the last few weeks, and enquiries levels are back up to last year's levels, reports Eccord's MD.
RICS launches ‘manifesto for the built environment’ ahead of General Election
The RICS says it is its "duty to advocate policies that provide solutions to some of the most important challenges of our time."
Global house prices tick up as interest rates look peaky
'The rapid approach of peak rates is coinciding with a modest improvement in housing market conditions in some key global markets,' says Knight Frank.