The Market
Postcard from Paris: Susie Hollands on the French capital’s ‘striking parallel’ with the Prime Central London property market
The city of love still holds dear to global buyers, says a top Parisian buying agent.
More than one in five London homes sold in 2023 went above £1mn
17,590 properties have sold for more than £1mn in the capital so far this year - which is 21% of all resi transactions.
New sales listings surge as ‘sellers return to the market at mass’
Every UK region has seen a big increase in new sales listings in the last fortnight compared to the opening weeks of the year.
Converting London’s ‘obsolete’ offices could deliver 28,000 homes – CBRE
New findings 'strengthen the case' for office-to-resi conversions in the capital.
OTM chief: The current market is not all about plummeting prices and transactions – far from it
Those properties which are priced sensibly are attracting buyers within a sensible timeframe, says Jason Tebb, as the portal updates on its latest national sentiment survey.
Property market continued to cool in August – UK HPI
There has been no change in the average house price in England over the last year, official data shows.
Rental supply is starting to pick up in Prime London
Instructions rose by 20% last month, but available stock levels are still 50% down on pre-pandemic times, reports LonRes.
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.