Sales
Market Snapshot: Notting Hill
"Sellers increasingly understand that we are in a new norm"
Affordability and taxes take toll on London market liquidity
On a street of 100 properties, an average of just over three were sold in the capital last year - the lowest proportion of any region in England and Wales...
Home-mover activity ‘begins to stagnate’
The number of home movers has dropped by 42% since 2007, according to the Intermediary Mortgage Lenders Association
Boost for stock levels as new sellers spring into action
New listings in May were up by over 50% on the same month last year, reports HouseSimple, with notable increases seen in Chichester, Oxford and RBKC...
Ranked: The UK’s fastest-moving £1m+ markets
It currently takes an average of just 45 days for a seven-figure listing to secure a buyer in Cambridge, reports Rightmove...
Prime London estate agency looks to China for more buyers
Bayswater-based agency Kay & Co has received almost 400 enquiries from Chinese property hunters in the last three months
Unrealistic PCL buyers expecting hefty discounts across the board
There's still plenty of competition for best-in-class stock, warns buying agency, as purchasers increasingly take a long-term view...
Prime London Market Snapshot: May 2018
Spike in price reductions as more properties are offered for sale
£1m+ properties made up over 6% of Rightmove listings in March – but accounted for just 2.7% of completed sales
There's a 'demand mismatch' between recorded sales volumes and current property portal listings, says Cushman & Wakefield
Asking price reductions on the rise across southern England
Vendors being forced to accept greater discounts to achieve a sale, says Hometrack
London’s super-prime market stabilises as ‘pent-up demand’ underpins deal numbers
There's 'renewed vigour' at the very top of the market, with £10m+ pricing bottoming out at the start of this year, says Knight Frank - but values and volumes are unlikely to rise much in the short term.
Market Snapshot: Chelsea bottoms-out
Demand for properties in Chelsea 'has strengthened notably over the last 12 months,' says Knight Frank, 'and we now frequently see competitive bidding for well-priced properties'