The Market
2022 ends with a bang as top-end buyers go last-minute shopping
'It seems Christmas is no reason to slow down at the top end of the PCL market', reports LonRes MD.
Scottish country houses move back to ‘a healthy, normal market’
Knight Frank brought in 50% more Scottish country house sales instructions in November compared the five-year average.
US billionaires splashed over £600mn in London’s top postcodes last year, with more to come in 2023
Ultra-wealthy Americans spent a record amount on luxury PCL homes in 2022, and are tipped to continue dominating the super-prime property market in the year ahead.
‘High value properties continue to outperform across the board’ as equity-rich & mortgaged markets diverge
Prime Central London's property market is looking resilient in the face of the economic downturn, says Savills.
Prime London property prices are ‘in a holding pattern’ until Spring
Knight Frank saw a sharp drop in offers bing made on prime London properties towards the end of 2022 - but offers accepted and exchanges were well up on previous years.
‘Little sign of more balanced conditions’ in prime London’s lettings market
Rental supply and demand remain very mismatched in the capital - but Knight Frank suggests that 'the UK property market may finally begin the process of self-correction' later this year.
Tom Bill: The ‘great recalculation’ will have to wait until 2023
Rarely has the current state of the UK property market been such a poor guide for what happens next, says Knight Frank's research chief.
Prime Recce: How Knightsbridge is regaining its lost shine
After losing ground to other parts of PCL over recent years, London's glitziest district is polishing up nicely;
Home-buyer demand has fallen by 50% as the race for space ‘runs out of steam’
London property prices have fallen over the last five years and are likely to drop further in 2023, says Zoopla.
‘A very different market’ is emerging as we head into the new year – Garrington
A 'widespread repricing' is underway as home-buyer demand falls away, reports buying agency.
Property portal search trends return to pre-pandemic patterns
Searches for homes for sale in London increased by 9% from 2021 to 2022, says Rightmove, while searches for Cornwall and Devon dropped by 18% and 17% respectively.
Ranked: London’s top boroughs for housing, sustainability & quality of life
CBRE's latest 'Hot 100' report compares and rates London boroughs according to ten different lifestyle, sustainability and property market metrics...