The Market
Why the PCL property market is back for good
Prime Central London became a buyer’s playground in 2021, says Edward Aldersley, citing his firm's recent acquisition of a £13m townhouse in Belgravia...
‘Fewer bargains for property hunters’ warns London estate agency
"At this point of year, we expect buyer enquiries to tail off but we have been seeing the opposite," says Chestertons.
The lost art of valuing: How the banks have yet to catch up with the market in PCL
It is a shame that the valuation process is often lost in the pounds-per-square-foot exercise while key factors - including uniqueness and development potential - remain overlooked, writes Nic Pejacsevich…
National average house price increased by 11.8% in the year to September – UK HPI
London's average property price dropped by a sharp 2.9% in September, according to the latest official statistics, taking annual growth in the capital down to +2.8% (from +6.7% in August)
‘Far less frenzied’: Buying agency reports a ‘wind of change in the air’ for the property market
The property market is "far less frenzied" than it has been over the last year, says national buying agency Garrington, although prices continue to rise and buying activity continues to be "robust".
Agency sells £60m of new-build units in a week
Knight Frank reports a ‘superb run’ of 57 deals across schemes in central and outer London as buyers hone in on completed stock.
Airbnb is taking a larger share of the long-term rental market
"Living and working remotely will transcend the pandemic," declares Airbnb as it ramps up its share of the long-term rental market.
‘Acute’ tenant demand pushes rents up at fastest pace in 13 years
“The swing back of demand into city centres, including London, has underpinned another rise in rents in Q3, especially as the supply of rental property remains tight," says Gráinne Gilmore, Head of…
Staging can boost a property’s value by 10%, says agency
US-style approach has been particularly effective in the London market of late, says Benham & Reeves.
London’s luxury property market is still soaring, but stock levels are on the slide
LonRes has recorded some healthy transaction volumes above £2m, but prospective buyers are now facing a distinct lack of options…
‘The market is getting more binary‘: Why PCL is still far from normal
It’s a 'confusing and patchwork' picture for buyers and sellers right now, reports Knight Frank, with big variations in value depending on neighbourhood, property type, amenities and state of repair.
Seasonal slowdown opens a ‘buying window’, says property portal
A 0.6% dip in average asking prices is "an early Christmas present" for home-buyers, says Rightmove, while a jump in valuation requests from potential property vendors is "a sign of building momentum.