‘Every home sold means more jobs protected’: Sunak lauds the rallying housing market
Residential property transactions jumped by 15.6% in August, following a 14.5% rise in July, prompting Chancellor Rishi Sunak to trumpet a triumph for the Treasury's Stamp Duty holiday policy. But house sales are still 16.3% lower than in August 2019, and Q2's tally was the lowest since 2009.
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Demand for flats and urban locations are rising at a faster pace than for other types of property.
The housing market has ‘decoupled from traditional economic theory’
"Across all sectors of the market, the trend is a uniform one," says national buying agency Garrington in its latest monthly property market review: "Lack of property for sale, unsatiable demand and rising…
Talking Heads: Chinese buyers have turned to the Home Counties
Before the pandemic, only around one in 20 Chinese and Hong Kong home-buyers used to look for a home in England's Home Counties; now it's nearer one in five, according to a new study.
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Brokerage pulls off £48mn Belgravia hat-trick
Big-brand agency defies tough market conditions to complete three super-prime deals in as many weeks, as younger international wealth turns its attention to one of PCL’s traditional strongholds.
Strutt & Parker recruits PCL heavyweight to head Knightsbridge & Belgravia office
Jonny Fieldman has moved from Knight Frank to lead Strutt's Sloane Street operation, as the agency continues a high-level hiring spree in the capital.
Knight Frank adds four more London brokers to affiliate network
Latest recruits take on key patches across South West, West and North London as agency presses on with rollout of its US-style broker model.
£500mn RBKC scheme ‘back on track’ after Ardmore collapse
Construction restarts on 462-home project under new main contractor as developer reports nearly £40mn of early off-plan sales.
‘The industry is changing dramatically’: Russell Simpson’s Bertie Russell on growing the family business & the future of prime agency
INTERVIEW: PCL agency boss discusses carving out a place between the corporates and brokers, pushing into new prime London markets and keeping the boutique edge.
Luxury London developer falls into administration
Begbies Traynor appointed to boutique firm behind a number of top-end resi projects across the capital.
Regent’s Park trophy home hits the market at £15mn
Grade I listed residence comes with views over the park and its famous boating lake - and towards one of the most expensive properties ever sold in the UK.
Deal sealed on £15mn Claudio Silvestrin-designed Hampstead villa
The near-8,000 sq ft LA-style residence, described as the ‘epitome of minimalist cool’, went to a European family relocating to London.
£13mn Wentworth trophy home sparks competitive bidding
Agency reports ‘robust’ demand for best-in-class homes as British buyer snaps up standout new-build residence on the exclusive private estate.
Savills profits jump 47% despite UK resi slowdown
Boss Simon Shaw is 'delighted with the significant improvement in performance' - although the UK residential business saw revenue & profits decline in H1.
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Luxury London developer falls into administration
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