The Market
Super-prime rental market booms as HNWIs hanker after NW London trophy homes
Conditions are 'highly-competitive' at the top-end, reports Beauchamp Estates, with multiple serious tenants often vying for the same property...and the victor happy to pay one or two years’ rent up-front.
House prices set for ‘modest’ decline in 2024, predicts Rightmove
'It’s likely to be another muted, and in parts challenging, year for some buyers and sellers in 2024,' warns Rightmove, as the property portal identifies five trends to watch in the coming year.
‘Asking prices are still too high’, says Propertymark
Housing market activity is slowing down as seasonal trends re-emerge, says the estate agency trade body.
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 Beauchamp Estates, Jackson-Stops, Knight Frank, HMRC, Zoopla & more...
Resi transactions slip, but not by much – property industry reacts
'We haven’t turned the corner yet' but minimal month-on-month fall amidst a backdrop of stubborn inflation and high mortgage rates 'is a ringing endorsement for the resilience of the property market…
Five cities buck global super-prime slowdown
Hong Kong, Dubai, Geneva, Miami & Sydney all saw $10mn-plus sales rise over the last quarter, reports Knight Frank.
Prime Central London: Global city of the future or global city of the past?
Key takeaways from the recent Wealth Breakfast at Burlington House, where a panel of experts delved deep into the mechanics of the capital's prime property market.
UK rents to keep on rising but will hit ‘affordability ceiling’ in 2025
Savills expects average rents to increase by another 6% next year, before the pace of growth eases as tenants are stretched to the limit.
Mortgage approvals rise as interest rates stabilise
Bank of England data tell of another increase in mortgage approvals, prompting Savills to suggest 'some confidence is beginning to return' to the property market.
Which property types have bucked the trend in prime London this year?
While studios and small flats have struggled in the cooling conditions, foreign buyers have been driving the market for certain family-suitable homes, reports Benham & Reeves.
Prime London Property Market Snapshot: Week 47, 2023
Deal numbers continue to slide in prime London, but the last week has seen a decent increase in new sales instructions.
Holiday home hotspots: £43.5bn-worth of second homes across England & Wales
Cornwall, Kensington & Chelsea and Westminster have more second homes than any other parts of the country.