The Market
PCL’s ‘uber-tenants’ budgeting up to £100k per week
Super-rich renters are setting new records in the capital's top neighbourhoods, reports boutique agency.
Sellers behaving badly: Buying agency warns of ‘an increasing trend towards vendors changing the goalposts at the last moment’
Bill Spreckley of Stacks Property Search has some sage advice for house-hunters dealing with tricky vendors.
London rents fall as supply improves
London's average weekly rent fell 4% last month, says Foxtons. But rental prices are still 14% higher than at this time last year.
Ranked: Britain’s overseas buyer hotspots
The number of foreign buyers entering the property market across England and Wales increased by 3.2% over the last year - with some areas seeing surges of up to 18.8%.
House prices & transaction volumes continue to fall – official data
Industry Reactions: Property insiders weigh-in on the latest UK HPI, which tells of another fall for property prices in February.
London’s runaway top-end market falters
But a surge in under-offers could see a bounce-back in Q2.
Top US broker warns UK property market is ‘sailing into the eye of the storm’
Ryan Serhant thinks values could tank by 20% as the market adjusts to higher mortgage rates - but industry folk in the UK vehemently disagree...
Currency Matters: Timing is everything, but the message is still the same
The only real difference between financial markets and real estate is liquidity, explains David Huggett.
May & June will be defining months in the 2023 market
Buying agents Richard & Sophie Rogerson on navigating a new normal in Prime London...
PCL sales tumble by a fifth – but ‘taking a longer-term view shows a different picture’
JLL's Prime Central London index for Q1 2023 tells of a 4.3% annual decline in achieved sold prices, and a 5.5% increase in achieved rents.
Housing market green shoots increasingly evident – OnTheMarket
Medium-term confidence increased amongst buyers & sellers in March, although far fewer properties are selling in the 'magic' 30-day window.
St John’s Wood property agency chalks up £50mn American deal-run
Aston Chase recently sold six big-ticket North London homes to wealthy American families, as dollar-toting buyers took advantage of currency discounts.