Sales

PCL insiders share front-line insights & explain the challenging situation many vendors now face in this sobering report by Hugo Cox for the Financial Times.

Surveyors noted 'a steady improvement in buyer demand across the residential market' in November - but warn 'the broader macro environment is likely to pose additional headwinds moving forward.'

Property portal predicts a buyers' market across the UK next year, with more transactions and 4% growth for asking prices.

Estate agency expects property values across London and the UK to rise by 3.0-3.5% next year, while the capital's rental market undergoes 'a period of adjustment'.

Deal numbers are falling sharply as the year comes to a close.

Labour's move to introduce VAT is already having a knock-on effect on families' requirements and decision-making, reports buying agent Emma Seaton.

'The sales market is set to see a trend unlike those historically seen across the winter months,' says Propertymark.

Properties valued at over £1mn accounted for just 4% of all transactions in 2023-24, but over half of total SDLT receipts.

American & Gulf billionaires dominating PCL's trophy home market, with UK buyers making up just 10% of top-end deals, survey reveals

Post-Budget slump in exchanges 'suggests momentum isn’t building convincingly yet', reports Knight Frank.

Your essential five-minute briefing on the latest movements and commentary, featuring data and analysis from Beauchamp Estates, Savills, Haringtons, Knight Frank, Lomond, Zoopla & more...

Fresh forecasts released this week have predicted another challenging year ahead for the PCL property market. Yet, as buying agent Toby Downes explains, the world's elite purchasers are thinking big-picture.