Coastal competition cools as city property markets heat up
Buyer and tenant demand is still running very high in many seaside locations, but Rightmove points to a marked slow-down from the frantic activity of 2020 and 2021.
Coastal homes have seen asking prices rise by 13.9% on average over the last year, outpacing the national average of 9.9%.
"Despite delays in the line opening, the number of buyers looking to move near the stations has steadily surged," says Rightmove.
"The prime London property market is in a sweet spot," declares Knight Frank's research team, as buyer demand bounces back and the supply of homes available to buy picks up.
Companies in this articleRightmove
Owner of Sotheby's Dubai and the Middle East region confirms acquisition of UK business
One prime estate agency has listed properties for sale in more than half of the nation's postcodes in the last six months, significantly out-covering any other brick-and-mortar firm.
Poppy Chenevix-Trench has moved on from the Savills Private Office, becoming the latest high-level addition to Sandy Mitchell's Redbook Agency.
Charles Medina has moved from Savills to become a Director at Strutt & Parker in Mayfair and Marylebone.
Strutt & Parker's London new homes sales chief reflects on the big themes to emerge in the prime development sector lately, and the projects currently setting the tone in the luxury market...
By Keir Waddell
Another major acquisition creates London's biggest estate agency network.
Super-prime developer expands into education, securing planning for a new school for Thomas’s Kensington, along with new apartments & townhouses
The agency is looking to grow its regional resi development business by 50% over the next five years
Hamptons has noticed a significant increase in the proportion of mortgage-free home-buyers so far this year, while Jackson-Stops has identified where cash buyers are making the biggest savings.
A.London completes 4,664 sq ft penthouse project at latest Berkeley scheme in W2
As the number of legal cases involving Japanese knotweed continue to rise, Rachel Redwood explains how a vendor in SW London has ended up facing a bill of £200k, and what buyers and sellers need to kn…
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New rules are 'already having a major impact on UK real estate transactions and any overseas entities that own affected UK real estate and have not yet registered their beneficial owners at Companies …