Sales

Exchanges have been running 40% higher than the five-year average in the leafy NW London neighbourhood, reports agency.

Almost twice as many homes have sold for more than £10mn in Mayfair this year than in 2022.

The property market displayed 'much-better-than-predicted resilience this year,' says Tim Bannister, despite a bigger than usual December dip for new asking prices.

'We expect lending to remain weak in 2024, with a gradual improvement in affordability reflected in a modest increase in activity levels in 2025,' says banking industry trade body.

Buyers are becoming more discerning, and placing greater emphasis on community and amenities, writes BPSDC's resi boss.

Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Reuters, Rightmove, Knight Frank, Beauchamp Estates, Hamptons & more...

'Cautious optimism is emerging as prime buyers consider economic headwinds to be easing,' says Knight Frank, as the property firm raises its outlook for international resi price growth in 2024.

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'It’s a challenging landscape for sellers at present,' says Yopa, explaining: 'Higher mortgage rates have caused buyer numbers to dwindle and this has very much transferred the balance of power from…

Eccord's MD summarises the key themes at play in PCL over last 12 months, and some trends to keep an eye on in the lead-up to the holidays.

Deal numbers are down again in prime London, but sales supply has picked up.

The signs increasingly point to a bounce next spring, says Knight Frank's resi research boss - provided a general election is not called in the first half of 2024...