The Market
Celebrity estate agency ranks London’s most popular luxury property ‘necessities’
"We have seen a significant shift in what people want when it comes to luxury homes in the Capital," says RIB boss, as a survey of Prime Central London property buyers and sellers yields some surprising…
Property industry reactions: Bank of England hikes base rate again, to 5.25%
Featuring analysis from Chestertons, JLL, Knight Frank, Rightmove, Savills, Zoopla and more.
Prime London property sellers are willing ‘to let properties go cheaply’ – Coutts
38% of prime London property listings have had their asking price reduced, which Coutts bank says "demonstrates the continued willingness of sellers to let properties go cheaply and take the income available,…
Flats now ‘firmly rehabilitated’ in PCL, says agency, as buyers return to the bright lights
90% of Black Brick's deals involved apartments in H1 – up from 43% last year.
Our greatest challenge remains the constrained levels of good quality stock: On buying prime property in the current climate
London’s high-end neighbourhoods are being sustained by international equity, short supply, and a more robust response to market sentiment, report Sophie & Richard Rogerson.
Why we need to build collaboration & flexibility into plans for housing delivery
A considered response to Michael Gove's latest proposals to boost housebuilding, from the Savills ESG and Urban Design teams.
Planning logjams, bigger risks & shrinking margins: What it’s really like being a real estate developer in London right now
Russell Smithers, CEO of luxury developer REDD, pulls no punches in this account of the myriad challenges facing those delivering homes in the capital - and their potentially far-reaching consequences.
Abrahmsohn on interest rates: Is the medicine worse than the ailment?
The BoE needs to be wary of double-dosing the patient later this week, warns veteran agent Trevor Abrahmsohn.
Demand still outstripping supply in PCL’s rental market
A drop in buy-to-let transactions during the pandemic has hit supply levels, reports LCP, and the average rent per sq ft is now 21% above the 10-year average.
Hefty £35mn deal lodged in Holland Park
The Land Registry has recorded a slew of large-scale sales in west London over recent weeks.
Record number of London development schemes stalled as difficulties grow
Survey shows around 70 significant projects are at a standstill, while new-build sales have fallen to their lowest level in 12 years.
Surprise lift for mortgage approvals in June
The latest Bank of England data shows an increase in lending activity from May to June.