Main image: Kensington
Emma Fildes: Observations from the field
Market indices have given sellers false hope, reports buying agent Emma Fildes, and there is an air of desperation amongst those who went too big on price before the summer.
What to read next
‘Asking prices in the majority of PCL remain frankly delusional’: Emma Fildes on a rollercoaster year for resi property
From the post-pandemic frenzy to the sticky situation buyers & sellers find themselves in today, how the market has changed in just 12 months.
Grey Whales, Ground Squirrels & the London Walrus: Lucian Cook’s field guide to PCL’s changing environment
A changing tax landscape has opened up a buying opportunity in central London, writes Lucian Cook of Savills – and with it, a shift in HNW buyer profiles.
Prime Minister Questions: Lucian Cook on what political change means for the housing market
Savills' resi research chief bemoans yet another round of Westminster upheaval, heralding more unwelcome uncertainty for the housing market.
Most read
Property Industry Reactions: New PM Burnham installs Downing Street team
UPDATED: Former Defence Secretary John Healey replaces Rachel Reeves as Chancellor of the Exchequer; Angela Rayner returns to the Cabinet as Housing Secretary.
St John’s Wood mansion trades in £29mn deal
Latest NW8 mega-deal revealed in official records.
Knight Frank launches ‘second phase’ of broker recruitment drive
The big-brand estate agency has received 130 enquiries from would-be self-employed brokers so far, with eight being appointed in the last eight weeks.
Super-prime buying ‘flurry’ drives London’s £5mn+ market
New analysis reveals how many high-value sales went through in Q2, plus which outer-prime neighbourhood has joined London's top three £5mn+ enclaves for the first time.
Knightsbridge developer cuts resi for hotel & spa scheme
RBKC has approved a PLP-designed hotel/spa on Pavilion Road, replacing an earlier mixed-use consent with apartments.
Resi developer’s global survey reveals ‘what the world thinks of London’
London Square research finds the capital leading the pack for careers and resi investment, with overseas sentiment more upbeat than the domestic narrative might suggest.
Veteran sales director joins Douglas & Gordon
Former Aspire, KFH and Fine & Country operator joins London agency's self-employed network.
Super-prime agent vents fury at ‘ransom note’ portal bill
Trevor Abrahmson has shared Glentree's internal numbers to highlight how much each lead costs.
International buyer picks up £7.9mn St John’s Wood pied-à-terre
Longstanding listing changes hands as wealthy buyers continue to target large family homes in NW8.
Prime vendors lose confidence as buyers turn ‘more selective, more price sensitive & more willing to wait’
88% of Savills' London agents report weaker seller sentiment, rising to 94% in the country, but the market is far from frozen.
LATEST ARTICLES
Savills consolidates flagship PCL teams
Big-brand agency is relocating its Knightsbridge operations to Sloane Street.
Simon Deen: Why good agency matters more than ever
Following a run of successful sales in NW London, boutique estate agency founder Simon Deen explains what it takes to keep high-end transactions on track in a difficult market.
High-profile buying agency toasts 20 years in business
Sloane Square-based firm reveals acquisition record and says industry shifts have made the market 'increasingly difficult' for buyers to navigate.
Trade body piles onto ‘mansion tax’ consultation
Propertymark says ministers still have big questions to answer on valuations, enforcement and who ultimately pays the charge - and warns against hitting non-UK resident owners with an additional surcharge.
‘Postcode Price Gap’: Bank encourages buyers to look beyond established prime addresses
Major mortgage lender says 'homebuyers can save up to 47% by looking next door to the UK's priciest postcodes.'