Average asking prices to drop 1% in 2024, predicts Rightmove
The property market displayed 'much-better-than-predicted resilience this year,' says Tim Bannister, despite a bigger than usual December dip for new asking prices.
What to read next
Rightmove predicts 4% growth for asking prices in 2025
Bullish forecast comes despite a 'larger-than-normal seasonal slowdown in pricing as we head towards Christmas'.
Rightmove downgrades 2026 price forecast as asking prices see steepest August drop since 2018
'Many sellers are recognising the reality of the market and pricing much more competitively from day one,' says property portal.
Zoopla expects average house prices to fall 2% in 2024
'The risk of a major collapse in house prices is becoming less of a concern,' says Zoopla, although some areas could see a 5% decline next year.
Most read
Super-prime broker Fatemi reports £700mn deal run
£100mn-plus sale among standout transactions as UK Sotheby's exec flags changing UHNW property tastes.
Tycoon weighing UK exit looks to offload luxury PCL properties
£18mn-plus Knightsbridge flat goes up for sale, along with other homes in Mayfair, Kensington and Chelsea, as entrepreneur says ‘there’s just no point in being here’.
Industry Panel: How 15 prime resi leaders would redesign England’s property tax system
Exclusive PrimeResi survey finds most respondents favour shifting the tax burden away from transactions and towards property ownership - but opinion is split over abolishing SDLT altogether.
£33k-a-week Mayfair mansion leads run of blockbuster London rental deals
Mount Street and One Hyde Park mega-lets mark five-year highs as capital's luxury rental supply shrinks.
£11.8bn development wave to reshape West Kensington’s market
New research makes the case for a West Ken renaissance, as a trio of major development projects look set to redraw the local map - and hike property values.
How super-prime apartments played a key role in London’s £1bn Peninsula
HSH’s accounts reveal just how important the luxury resi element became to the landmark Hyde Park Corner project.
New homes specialist returns to Savills
Resi development sales consultant rejoins after three years with other agencies.
Treasury eyes £1.5mn mansion tax threshold as Budget rumours gather pace
UPDATED: Reports suggest Treasury is considering widening the HVCTS net, potentially hitting nearly 300,000 homes.
‘Buyers today have more choice than ever before’: Savills global resi chief on the battle for international wealth
Interview: Victoria Garrett discusses London’s place on the world stage, Dubai’s next phase, the impact of tax & geopolitics, and how developers are catering to an increasingly discerning clientele.
Rare 1740 Soho townhouse seeks new owner
Boutique agency brings 3,400 sq ft slice of old London to market.
LATEST ARTICLES
From Kensington to Hartlepool: Mapping the mansion tax
Mooted £1.5mn threshold would triple the number of England & Wales homes in the valuation ‘grey area’, from 73,600 to 222,800, reports Knight Frank.
Conran and Partners acquired by US design giant DLR Group
The luxury architecture and interiors studio will retain its name and leadership team as DLR establishes its first European base.
Italy’s prime property market surges as flat tax draws global wealth
Knight Frank’s Italian transactions are up 140% this year, with more than 60% of international prime enquiries 'driven primarily by tax considerations.'
Green light for resi transformation of National Crime Agency base
London Square and CLS get the nod for 529-home overhaul of SW London site.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes