Sales
Boost for stock levels as new sellers spring into action
New listings in May were up by over 50% on the same month last year, reports HouseSimple, with notable increases seen in Chichester, Oxford and RBKC...
Ranked: The UK’s fastest-moving £1m+ markets
It currently takes an average of just 45 days for a seven-figure listing to secure a buyer in Cambridge, reports Rightmove...
Prime London estate agency looks to China for more buyers
Bayswater-based agency Kay & Co has received almost 400 enquiries from Chinese property hunters in the last three months
Unrealistic PCL buyers expecting hefty discounts across the board
There's still plenty of competition for best-in-class stock, warns buying agency, as purchasers increasingly take a long-term view...
Prime London Market Snapshot: May 2018
Spike in price reductions as more properties are offered for sale
£1m+ properties made up over 6% of Rightmove listings in March – but accounted for just 2.7% of completed sales
There's a 'demand mismatch' between recorded sales volumes and current property portal listings, says Cushman & Wakefield
Asking price reductions on the rise across southern England
Vendors being forced to accept greater discounts to achieve a sale, says Hometrack
London’s super-prime market stabilises as ‘pent-up demand’ underpins deal numbers
There's 'renewed vigour' at the very top of the market, with £10m+ pricing bottoming out at the start of this year, says Knight Frank - but values and volumes are unlikely to rise much in the short term.
Market Snapshot: Chelsea bottoms-out
Demand for properties in Chelsea 'has strengthened notably over the last 12 months,' says Knight Frank, 'and we now frequently see competitive bidding for well-priced properties'
Prime Central London’s sales market ‘may not return to its previous state’, but prices will rise a bit – JLL
Agency forecasts 8.7% property price inflation by 2022 in PCL, and warns that transaction numbers may not recover from 2016's SDLT changes
How Mayfair and Marylebone’s resi resurgence changed the dynamics of PCL
High-end buyers have shifted their focus slightly further north of central London as commercial buildings once again become exquisite homes, says Knight Frank's super-prime specialist...
Bloomberg sets out to chart the end of London’s long housing boom
A new series of articles aims to track "London's housing market as it runs out of steam after almost a decade of growth"