Format: News
UK rents to keep on rising but will hit ‘affordability ceiling’ in 2025
Savills expects average rents to increase by another 6% next year, before the pace of growth eases as tenants are stretched to the limit.
Carter Jonas profits fall against ‘challenging market conditions’
Property consultancy has seen fee income rise but profits fall.
Mortgage approvals rise as interest rates stabilise
Bank of England data tell of another increase in mortgage approvals, prompting Savills to suggest 'some confidence is beginning to return' to the property market.
Merrett returns to lead Alexander Hall
Tom Davies is leaving the Foxtons-owned mortgage firm to join LRG; he will be replaced by Richard Merrett.
New London-based advisory aims to ‘redefine’ real estate finance
Nicholas Christofi and Demetrios Antoniou's Karis Capital will be catering to developers and investors across the UK.
Third.i recruits CBRE director to lead major acquisition drive
Rachel Mason will be in charge of identifying new investment opps in London and across the UK for the Australian developer, as it targets a billion-pound pipeline.
Which property types have bucked the trend in prime London this year?
While studios and small flats have struggled in the cooling conditions, foreign buyers have been driving the market for certain family-suitable homes, reports Benham & Reeves.
Prime London Property Market Snapshot: Week 47, 2023
Deal numbers continue to slide in prime London, but the last week has seen a decent increase in new sales instructions.
Fulham artists’ studios with potential offered for sale for first time in 60 years
The five artists' studios in SW6 have 'scope for a range of potential future uses,' says Savills.
Savills upsizes in Brighton
The 15-strong team has outgrown its original office space in the city.
Holiday home hotspots: £43.5bn-worth of second homes across England & Wales
Cornwall, Kensington & Chelsea and Westminster have more second homes than any other parts of the country.
House prices to rise in London next year, but dip across the UK – Chestertons
Recovery will be 'slow and steady rather than spectacular', says high-profile agency.