Average time to sell a home jumps to 141 days
In 2019, it took an average of 129 days from a listing first appearing on a property portal to the transaction completing. That's jumped to 141 days in 2020.
£1m+ home numbers rise for the first time in five years
A sharp rise in 2020 means that Britain is now home to 53% more seven-figure properties compared to a decade ago - but 7% fewer than in 2015.
National average house price increased by 11.8% in the year to September – UK HPI
London's average property price dropped by a sharp 2.9% in September, according to the latest official statistics, taking annual growth in the capital down to +2.8% (from +6.7% in August)
‘All of the key buyer metrics are [now] ahead of early 2020’ – Rightmove
Asking prices, buyer enquiries and agreed sales all picked up last month, but far fewer properties are coming to market compared to last year.
Most read
In Pictures: Burj Khalifa’s 21,000 sq ft ‘Sky Palace’ seeks £40mn
Marquee residence in the world's tallest building is being sold as a shell, but agents think it could one day be worth up to £90mn.
Boutique property firm launches in Hampstead Village; aims to ‘redefine the traditional agency model’
Adam Nachman's ADN Residential promises to be 'a one-stop-shop for property owners and developers across all areas of London.'
Boutique luxury apartment scheme hits the market in Knightsbridge
Three-home development on Cheval Place was delivered by top-end firm Finchatton in 2015.
Ghelamco kicks off construction at £140mn Battersea Waterfront scheme
The former candle factory site is the last project masterplanned by the late star-architect Michael Squire.
Super-prime property management specialist returns to Knight Frank
Jennie Elliott will be leading the agency's team of property managers focusing on high-end lettings across PCL.
Family office secures £73mn refinance on central London property portfolio
Starz Real Estate's senior facility allows Ziser London to 'optimise its borrowing strategy'.
Buyer demand sinks in PCL as non-dom uncertainty persists
'The wrong end of the telescope is being looked down in relation to foreign investors,' warns Knight Frank's Tom Bill.
Prime Purchase recruits Knight Frank’s Pritchard-Gordon
Buying agency signs up seasoned specialist to cover the eastern counties.
In Pictures: Historic Hampstead mansion seeks a buyer at £18mn
Cloth House is thought to be the second-oldest house in Hampstead.
Guy Meacock: Buyer beware as climate change increases flood risk & other perils
Most of the housing stock in this country is woefully unprepared for the changes to come, warns top buying agent.
LATEST ARTICLES
First Look: Inside London Square’s luxury resi revamp of Westminster Tower
The Aldar-owned developer is aiming to usher in 'a new era of refined living' along the Thames with its debut Prime London play.
Denham Place Revisited: Grade I Buckinghamshire mansion now ‘priced to sell’ at £45mn
Historic private palace, originally asking £75mn, is being billed as 'England’s most opulent estate'.
London’s super-prime rental market booms as non-doms ‘keep their options open’
'A lot of clients have elected to rent as opposed to buy' in the face of tax reforms, says Knight Frank.
In Pictures: Tatjana von Stein-designed show apartment unveiled at luxury Mayfair scheme
£10.95mn Art Deco-themed residence is the second in a series of designer collaborations at 60 Curzon, on the site of legendary A-list hangout Mirabelle.
Planning policy changes boost resi development land market
'Stability returned to the land market' last year, reports Savills - but 'pressures on costs continues.'