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.
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.
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)
Asking prices, buyer enquiries and agreed sales all picked up last month, but far fewer properties are coming to market compared to last year.
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Longstanding independent firm ramps up resi division with recruitment of high-profile broker & star of Britain’s Most Expensive Houses as head of 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.
Freehold swathe on sought-after Tite Street has scope for a significant prime resi scheme.
Hamish Bruce has joined Inhous following stints at Marsh & Parsons and Black Brick.
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.
Gazumping & gazundering are the uninvited guests of a bull & bear market, but there are ways to mitigate the risks of them trashing the house; one of the most experienced agents in the business explains…
Australian developer Third.i's Graphite Square launches to the UK market this month and will be ready for occupation in 2024.
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'.
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.
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.
By Jo Eccles
The RICS says it is its "duty to advocate policies that provide solutions to some of the most important challenges of our time."
'The rapid approach of peak rates is coinciding with a modest improvement in housing market conditions in some key global markets,' says Knight Frank.