The Market
Prime London Property Market Snapshot: Week 17, 2024
7% more new sales instructions have been listed on LonRes so far this year than in the first 17 weeks of 2023, but 7% fewer sales have been agreed.
Mortgage approvals climb for a sixth month
We're seeing 'increased stability seen in the mortgage markets', notes Emily Williams of Savills, but Knight Frank's Tom Bill says 'it doesn’t feel like the UK housing market is ready for take-off this…
Q1 in Review: Prime London’s resi markets enter recovery mode
Prices picked up in the first three months of 2024 after bottoming out at the end of 2023, and activity levels are also on the rise - but caution remains the watchword.
Second home sales ‘dominating’ supply in Prime London, reports buying agency
'Significant price movement' is being achieved in certain situations, says Eccord.
Rental market ‘no longer at peak boiling point but it remains at a very hot simmer’
The pace of rental price growth is cooling fastest in London, says Rightmove, as more top-end properties see asking price cuts.
Savills spies ‘green shoots of recovery’ in the development land market, but ‘caution remains’
'The key question is whether this recent improvement in land market sentiment represents a more sustained recovery in the land market or whether this simply reflects a short term release of latent demand,'…
Service charges have jumped by an average of 8.4% in the last year
'The value of flats where the service charge is disproportionate to the services on offer has come under downward pressure,' says Hamptons.
House prices ‘to continue to firm over 2024’ as sales volumes rise
Higher mortgage rates continue to impact buying power, says Zoopla, as price remain static but sales volumes rise.
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 LonRes, Foxtons, Lloyds Bank, Rightmove, JLL, Savills, Knight Frank, Halifax & more...
JTRE London’s Nigel Fleming: Why Bankside is knocking on the door of traditional PCL
Following a transformation that began 70 years ago, Bankside has become a cultural, commercial & resi hotspot that can compete with any London postcode, writes property development chief...
Grand Retail to Parkside: Agency pens field guide to PCL’s eight ‘villages’
Boutique firm delves into the characteristics of the capital's inner districts & gives each a new identity to help buyers with their decisions.
London’s rental market is ‘following more typical trends than in 2023’
Foxtons saw small increases in both rental supply and tenant demand last month.