Sales
Prime London Property Market Snapshot: Week 52, 2023
The last weekly sales and lettings update of 2023 from LonRes confirms that top-end London property agents had a much quieter year than in either of the previous two years.
After a banner year in 2023, London’s ultra-prime property market tipped for more growth in 2024
Values & volumes in the £15mn-plus sector set to rise further over the next 12 months as more global billionaires put down roots in the capital.
UK prime resi markets are ‘close to bottoming out’, suggests Savills
A price recovery in Prime Central London 'looks well overdue', says Frances McDonald
Economists predict 5% rise for UK house prices this year
Pantheon Macroeconomics is more bullish than most.
‘London leavers’ spent 29% less on homes outside the capital in 2023
Londoners' spending on homes outside the capital has returned to pre-Covid levels, reports Hamptons.
Tom Bill: Risks change in Prime London’s sales market as the year ends
'The primary risk for London’s prime property market is now political rather than economic,' says Knight Frank's research chief, as he looks back at how 2023 unfolded, and assesses what lies ahead for…
House prices continue to fall despite improving market sentiment
'UK housing still looks expensive by historic standards,' says Zoopla, which expects prices to fall a further 2% in 2024 'as prices and incomes re-align.'
Ranked: The UK’s most expensive streets in 2023
Mayfair's Grosvenor Square claims top spot in annual Halifax rankings, despite a £3mn drop in the average value.
Cliff Gardiner: ‘There is a good degree of industry optimism around for 2024’
The view that things can only get better, shared by many Prime London estate agents, 'is based on the notion that the property market simply cannot continue to stagnate for yet another year,' says BHHS…
‘We expect a minor reduction in property values at worst’: Jackson-Stops agents predict 5% price drops for some local markets in 2024
'The only thing that is certain is uncertainty,' notes Jackson-Stops chairman Nick Leeming, sagely, after polling property market predictions from estate agents around the country.
Abrahmsohn: Let’s hope next year is reassuringly unremarkable
Veteran agent Trevor Abrahmsohn summarises the ups and downs of the last 12 months, and what might lie ahead for the property market in 2024.
UK house prices dipped 0.7% in October; property industry reactions to the latest official data
The property market 'remains a tad lethargic with no real movement planned until the new year comes,' says one estate agency boss after checking the latest ONS/Land Registry House Price Index.