Average time it takes to sell a home falls by 44 days
It now takes an average of 250 days for a property to move from initial marketing to a completed sale.
Confidence amongst top-end home-movers has bounced back to where it was in early 2022
Savills has surveyed 1,200 prospective prime property buyers and sellers to see how attitudes have shifted in the last year.
Mortgage approvals rise for the first time since August
But approvals are still running a third below their pre-pandemic average.
Buying agency reports ‘improving levels of cautious optimism’ amongst home-movers
'Whilst the prime property market has healthy levels of activity it nonetheless remains incredibly price sensitive,' says Garrington.
Most read
Super-prime agent & social media star launches ‘game-changing’ property brokerage
One of London's best-known top-end agents has set up a 'forward-thinking' luxury property brokerage that 'understands the power of storytelling & digital influence in a new era of property.'
Super-prime developer lines up £225mn scheme in Notting Hill
Valouran continues to build pipeline of landmark projects, unveiling plans for a 'major play' on Westbourne Grove.
DDRE Global brings in major player to realise American ambitions
Anastacia Murray-Watson has joined Daniel Daggers' luxury brokerage after more than 18 years at Knight Frank.
West End office building set for boutique luxury resi conversion
Dukelease & BST England have teamed up to transform a handsome period block on Hallam Street into six high-end apartments.
Salary Survey: What are UK property professionals earning in 2025 – and what do they really value?
New report reveals how salary structures & hiring trends are evolving in response to market conditions & new legislation.
Dexters names new CEO
Estate agency's CFO & Deputy CEO Ash Kashyap steps up to the top job as Andy Shepherd retires.
Former Savills Director launches indie buying agency
After a successful career in Edinburgh & London estate agency, Charles McCosh's new venture provides property search services across Buckinghamshire, Berkshire & Hertfordshire.
John D Wood & Co. recruits Knight Frank’s Kilgarriff to lead Central London Lettings
A senior KF operator has moved to a key role in Polly Ogden Duffy's team at JDW.
Property agency sponsors Olympic swimming champion
Knight Frank says multi-gold medallist James Guy MBE will be an 'inspiring ambassador' for its brand.
Foxtons’ sales revenue jumps 73% to hit a ten-year high
The high-profile agency had a 'very strong start to the year' as buyers scrambled to beat the stamp duty deadline.
LATEST ARTICLES
Prime Purchase recruits SW London specialist
Abigail Frankish has joined the Savills-owned buying agency from Aykroyd & Co.
From the small screen to the big smoke: On 25 years of Location, Location, Location & the re-evaluation of prime London property
Savills' research chief Lucian Cook reflects on the ups and downs of recent years, and how the latest run of events - from a new government to tax changes - could shape the prime property market in 2025.
4 Charts: Exploring prime property buyers’ priorities in 2025
Savills' latest client survey reveals changes in how committed people are to moving home, as well as how top-end budgets have shifted, and how key concerns have evolved in the last year.
Kerzner unveils plans for new One&Only resort & resi project in the US
The forthcoming ultra-luxe enclave in Hudson Valley is being developed in partnership with Florida-based Nolan Reynolds International & the Culinary Institute of America.
‘There are clear signs of renewed confidence across PCL’ as deal numbers climb
JLL recorded 13% more residential transactions in Prime Central London in Q1 this year compared to last.