Sales
Speculation around extent of market decline ‘may have been overstated’
The market is showing 'remarkable resilience' in the face of economic headwinds, reports TwentyEA.
Half of homes sold in July had their asking price reduced
Higher mortgage rates "have acted as a wake-up call to sellers who had been on the market for some time, prompting a record share to cut their asking price," says Hamptons.
Prime London sales market slows by less than the rest of the UK
Prime Central London property prices fell 0.9% in the year to July, according to Knight Frank's last index - which was the largest drop since April 2021. Prime Outer London saw a 0.
Savills: On forecasting in an ever-changing property market
One of the property sector's top research teams pulls back the curtain on the tricky business of making market predictions, as they warn of "some further price adjustments to come."
Monday Market Review: Key figures & findings from the last seven days
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from JLL, Halifax, Coutts, the Bank of England, Knight Frank, REDD & more...
Prime markets being driven by cash purchasers, needs-based buyers & relocators – Savills
Agency's summer sentiment survey reveals an uplift in 'commitment to move', but there's a widening gap between cash and mortgage buyer motivations.
Prime London property sellers are willing ‘to let properties go cheaply’ – Coutts
38% of prime London property listings have had their asking price reduced, which Coutts bank says "demonstrates the continued willingness of sellers to let properties go cheaply and take the income available,…
Flats now ‘firmly rehabilitated’ in PCL, says agency, as buyers return to the bright lights
90% of Black Brick's deals involved apartments in H1 – up from 43% last year.
Our greatest challenge remains the constrained levels of good quality stock: On buying prime property in the current climate
London’s high-end neighbourhoods are being sustained by international equity, short supply, and a more robust response to market sentiment, report Sophie & Richard Rogerson.
Hefty £35mn deal lodged in Holland Park
The Land Registry has recorded a slew of large-scale sales in west London over recent weeks.
Surprise lift for mortgage approvals in June
The latest Bank of England data shows an increase in lending activity from May to June.
From cash-rich buyers to overly-aggressive tactics: Five key trends in the PCL market right now
'We have seen several instances recently where overly-aggressive tactics and tone have been deployed by a seller’s estate agent or lawyer, which has nearly derailed a transaction close to exchange unnecessarily.