The Market
Rightmove reports ‘a slower than usual August’
'Many sellers reacted to the summer holiday hiatus by reducing the asking prices of their properties,' says portal.
UK rental price growth hits a decade-long high
'Each passing month has ushered in a new rental market record,' says Aneisha Beveridge, Head of Research at Hamptons, adding:
Prime London rents hit record high
Last month's increase has pushed rents to nearly 30% above their 2017-19 (pre-pandemic) average, reports LonRes.
Central London rental demand ‘dips’ as Chinese students stay away
“Inquiry levels are strong but not as high as we’ve seen over the last two summers,” said David Mumby, head of prime central London lettings at Knight Frank. “As
Global super-prime sales slowing but still above pre-pandemic levels
Dubai's US$10mn-plus market continues to lead the pack, but London and New York are still seeing healthy volumes, reports Knight Frank.
Tom Bill: ‘The light-at-the-end-of-the-tunnel moment has not yet arrived’
Knight Frank's research chief shares insights into the current state of play in the prime London sales market.
Downbeat property market shows ‘little prospect of any turnaround in the immediate future’ – RICS
UK housing market activity metrics 'remain in deeply negative territory,' says the RICS, as property prices fall further.
Average rents set to climb another 5-6% next year, says Zoopla
'The rented sector is stuck in a seemingly endless cycle of low supply and strong demand,' says Zoopla, which 'has kept rental growth in double digits for 18 months in a row.'
Transaction volumes suffering in ‘subdued’ Prime London sales market
Things have been noticeably quieter in the prime postcodes over the summer, and the traditional autumn activity surge may not happen this year, warns LonRes.
Understanding PECR: Implications for UK estate agents’ marketing practices
In the ever-evolving landscape of data protection regulations, estate agents in the UK are urged to familiarise themselves with the Privacy & Electronic Communications Regulations, as they impact marketing…
Prime London Property Market Snapshot: Week 36, 2023
The latest LonRes data tells of a traditional September flurry of new sales and rental listings in prime London - but the property market still feels sluggish compared to previous years.
‘A quiet evolution’: Why the City deserves a place on the PCL map
HSBC's decision to ship out of its iconic HQ has put the Square Mile under the spotlight, but the area's new wave of luxury resi schemes are proving a big hit with buyers, writes Vic Chhabria.