The Market
Prime London sees ‘lacklustre’ spring property market bounce
'The outlook isn’t exactly gloomy, but neither does the warmer weather signal lift-off for the market,' says Knight Frank's Tom Bill.
‘Sentiment has shifted’ as property developers feel more upbeat
Housebuilder confidence is building, but development land 'is not changing hands at a rapid pace yet.'
‘Buyers remain in the driving seat’ – Propertymark
'The gap between asking prices and market expectations has narrowed slightly but remains significant,' says estate agency trade body.
Springwatch: Seven property ‘red flags’ to look out for during selling season
Buying agency warns househunters not to be swayed by 'the seduction of spring', explaining what professionals take notice of when viewing a property at this time of year.
Buyer demand is running 41% higher than last year in London – Foxtons
London's biggest estate agency has shared data on the number of buyer enquiries it receives, highlighting branches that have seen demand more than double compared to last year.
Revealed: The PCL neighbourhoods where more than 9 in 10 homes sell at a discount
Private bank Coutts tells its clients where to unearth the biggest price cuts in the capital's Golden Postcodes.
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,'…