The Market
Prime London Property Market Snapshot: Week 41, 2023
Market metrics continue to point to a slowing market, with 18% fewer sales agreed in prime London so far this year compared to last, and 26% fewer than in 2021.
Kensington proves the hot ticket for wealthy Americans, as buyers hit decade-long high
US purchasers are now behind one in ten exchanges in W8, reports Knight Frank.
Prime London’s sales pipeline shrinks as demand drops off
The number of properties going under offer last month was down by over a quarter on last year's levels, which 'could impact on the outlook for the last three months of the year', warns LonRes.
Rising activity in London’s £5mn+ market driven by demand for ‘world-class’ apartments
Savills flags "remarkable resilience" at the top-end of the London property market, driven by demand for luxury flats rather than houses.
90% of listed property owners have cancelled or postponed repairs because of the ‘VAT barrier’, claim campaigners
The current listed building regime 'is not fit for purpose', warns the Listed Property Owners’ Club.
Average prices still sliding across England & Wales, but pent-up demand ‘could be released in the coming months’ – new analysis
Market momentum could gather when interest rates begin to fall, suggests Acadata.
Labour’s UK housing plans welcomed, but beware of soundbites and simplification
Developers have responded positively to Keir Starmer’s pro-development rhetoric, but political aims will need to square with economic reality, says Tom Bill.
Rightmove reports lowest October asking price increase since 2008
Estate agents are telling the property portal that the sales market is 'the most price-sensitive ever'.
London rental market ‘begins to normalise’ as supply grows 10%
But 'we’re not back to a normal seasonal market just yet,' says Foxtons, as rental prices remain at records highs.
Monday Market Review: Key figures & findings from the last seven days
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Foxtons, Rightmove, Savills, LonRes, Adam Architecture, Knight Frank, Chestertons, Henley…
Higher-value homes bear the brunt of price declines in Edinburgh
Scottish city-centre flats are 'staging a comeback'. says Knight Frank.
Is it time to shut up about sustainability – and really take responsibility?
Overuse of the words 'sustainable' and 'sustainability' can dim the urgency and the scale of what we have to do and by when, writes Adam Architecture's Dr Martina Pacifici.