Sales
High street agents still claiming over 98% of the market above £1m
Hybrid & online agents boosted their share of new instructions significantly in Q3, reports TwentyCi, but are yet to make much of a dent in the prime market...
More prime London agencies make hay while the sun shines
Boutique firm Aston Chase joins other boutique operators reporting a bumper run of deals, after chalking up £175m worth of sales in the last five months alone...
New-build home deliveries sink by 15-20%, but development land buying activity remains strong
Savills saw more new-build homes reservations in Q3 this year than in any previous quarter on record, while development land buyers focus on smaller sites.
High-end bargain-hunters splash £2.5bn in London’s top postcodes
PCL's £5m+ transaction volumes are 12% up on last year's levels, with Q3 proving the strongest quarter in five years; ‘these are results that nobody could have anticipated’, says Savills...
‘There is smart money in Europe targeting London’: French buyers come to the fore in PCL
Buyers from across the Channel jump to the top of Knight Frank’s international buyer rankings, while purchases by Chinese nationals almost halve in ‘major shift’...
‘Previous records are tumbling in this extraordinary market, and there are still some legs left in the upwards march of property prices’ – Rightmove
Property portal predicts average asking prices will end this year 7% higher than they started it.
‘We may be hitting a high plateau’, says Savills, as £1m+ sales jump
There's been a "rebalancing of the market between London and the country", says Savills, as the capital lags a sharp increase in £1m+ sales across the UK.
‘The frenzied conditions seen at the start of the summer seem to have been replaced by calmer, more considered buyers’ – Garrington
Look beyond the "mini boom" property press headlines, and there's "a complex and polarised market with significant differences based on location, property type and sector of the market," says national…
More spent on super-prime homes in London this year than last, despite the pandemic
Knight Frank reports that £1.13bn was spent on £10m+ homes in London in the first eight months of this year - 16% more than the £977.5m recorded in 2019.
Post-lockdown activity surge continues in Prime London
New instructions have been running at double the levels of last year and more properties have been going under offer, but transaction volumes are taking a while to catch up...
UAE & USA lead international HNW mortgage activity in the UK
Over a third of the UK's high-end international mortgage activity has come from UAE-based buyers, according to some analysis by broker Enness.
Heat Mapped: London & national house price growth
Prices continue to rise fastest in the capital, according to the latest Acadata/e.surv HPI, with a monthly movement of 2.6% taking the annual change to 7.6%.