Format: News
PCL lettings market ‘set for a boost’ as sales transactions plummet
A grand total of 693 properties were sold in prime central London during Q4 2014, according to Strutt & Parker and Lonres. That's 32.5% down on the same period in 2013.
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‘The short-term confidence outlook is negative’ as January chills – RICS
The RICS has confirmed what everyone else is seeing, reporting that the national and London markets are cooling right down with prices, enquiries and sales all tailing off in January.
Growth Chart: 2014’s house price hotspots
"House price growth in England and Wales over 2014 was most definitely a London and southern based phenomenon," says Hamptons as it identifies the best-performing postcodes for property prices growth …
OnTheMarket launch hits Zoopla where it hurts
In its first update since the launch of challenger portal OnTheMarket.com, Zoopla has reported a year-on-year drop of 11% in the number of branches advertising stock on its platform.
Westminster’s development pipeline hits 3,000 units
Strutt & Parker has been making some interesting observations on PCL's new-build sales market. It
The rise of the seven-figure market: £1m+ deals triple in ten years
The number of £1m+ sales has shot up by 80% in London since 2006/7, helping the quantity of seven-figure deals across the country to probably breach its 2007 peak for the first time in 2014, notes Savills.
Flats and maisonettes lead PCL’s price growth – LCP
Prime central London has - "contrary to generally downbeat reports in 2014" - delivered the highest level of property price growth since the economic recovery properly kicked off in 2010, says an optimistic London C…
Australia to curb foreign property investment ‘within weeks’
Australia will be unveiling plans to put the brakes on foreign investment into its resi property market "within weeks" in a bid to curtail soaring prices.
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Dukelease brews up sales in Covent Garden
As developer Dukelease adds the finishing touches to its boutique 29-unit Hop House scheme in Covent Garden, it's reporting that nearly all of the apartments have been sold off-plan.
Listed status bid for Hyde Park Barracks
The Twentieth Century Society has submitted a listing application for Hyde Park Barracks to prevent the demolition of what it calls "a truly remarkable, innovative and singular group of buildings"
Government outlines London’s short-term lettings shake-up
The government has been laying out its plans to ditch the "confusing" restrictions on short-terms lets in the capital.
Savills Bahrain opens international resi sales suite
Savills has launched a dedicated resi sales offering in Bahrain for local residents keen to buy in the UK, Europe or the Americas