The Market
‘Resilience’ abounds as prime property agents anticipate a buoyant Autumn market
Property prices across Prime Central London remain -19% down on their previous peak a decade ago, says Savills, 'suggesting it is still a case of when, and not if, a stronger recovery takes hold.'
Gap between average asking & sold prices widens to 17%
'Sellers remain largely over-confident when it comes to their asking price expectations versus the price they are actually able to sell their property for,' says Yopa.
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 TwentyCi, Savills, Beauchamp Estates, LonRes, the ONS, Knight Frank, Foxtons, LonRes & more...
Buying agency reports ‘flurry’ of prime property listings following election result
Garrington heralds a 'rosier' outlook for the property market as a 'flurry of new listings enters the prime market,' having been 'deliberately held back pending the election result.'
Experts warn of ‘reset moment’ as London homes face climate change catastrophe
'Cascading risks' loom for the capital, as escalating extreme weather events mean 'around 43% of London properties are likely to be affected by subsidence by 2030.'
‘Significant uplift’ in number of landlords selling up
Interest rate hikes, rising costs & general uncertainty have driven a 'dramatic' rise in the number of previous rental properties for sale, reports TwentyEA.
London rents hold steady as ‘peak lettings season begins in earnest’
Tenant demand has jumped 15% in the last month, reoports Foxtons, but remains lower than at this time last year.
Property Industry Reactions: Housing headlines King’s Speech
“My ministers will get Britain building, including through planning reform, as they seek to accelerate the delivery of high quality infrastructure and housing,” said King Charles.
11 Graphs: Performance & key trends in the new-build Prime Central London market
Buyers seeking a best-in-class new-build face rapidly dwindling options in London's most desirable neighbourhoods, new research suggests.
UK HPI: House prices increased by 2.2% in the year to May
London property values have increased for the first time on an annual basis since May 2023.
Prime London Property Market Snapshot: Week 28, 2024
Things continue to be relatively quiet in Prime Central London, with less home-buying and selling activity taking place in Week 28 2024 compared to the same seven day period in previous years.
Luxury property values soar by a fifth on the French Riviera as international buyers return
Large oceanfront villas are now commanding an average value of over £20mn, higher than an equivalent residence in London’s St John’s Wood or a townhouse in Mayfair, as more UHNWIs opt for sunny wealth…