Format: News
After a banner year in 2023, London’s ultra-prime property market tipped for more growth in 2024
Values & volumes in the £15mn-plus sector set to rise further over the next 12 months as more global billionaires put down roots in the capital.
UK prime resi markets are ‘close to bottoming out’, suggests Savills
A price recovery in Prime Central London 'looks well overdue', says Frances McDonald
Economists predict 5% rise for UK house prices this year
Pantheon Macroeconomics is more bullish than most.
Global city price growth recovers as interest rate cuts loom
'Homeowners are breathing a sigh of relief as interest rates appear poised to decrease in 2024,' says Knight Frank's research chief.
‘London leavers’ spent 29% less on homes outside the capital in 2023
Londoners' spending on homes outside the capital has returned to pre-Covid levels, reports Hamptons.
Spring Budget date set for 6th March 2024
Jeremy Hunt will outline the government's latest round of tax policies in early March, ahead of a probable General Election later in the year.
House prices continue to fall despite improving market sentiment
'UK housing still looks expensive by historic standards,' says Zoopla, which expects prices to fall a further 2% in 2024 'as prices and incomes re-align.'
Ranked: The UK’s most expensive streets in 2023
Mayfair's Grosvenor Square claims top spot in annual Halifax rankings, despite a £3mn drop in the average value.
‘We expect a minor reduction in property values at worst’: Jackson-Stops agents predict 5% price drops for some local markets in 2024
'The only thing that is certain is uncertainty,' notes Jackson-Stops chairman Nick Leeming, sagely, after polling property market predictions from estate agents around the country.
Buying agency posts best-ever year as London ‘gets its swagger back’
Savills-owned Prime Purchase has seen its London division come to the fore in recent years.
Record year for Knight Frank’s PCL Developments team
A number of landmark projects sold out over the course of 2023.
UK house prices dipped 0.7% in October; property industry reactions to the latest official data
The property market 'remains a tad lethargic with no real movement planned until the new year comes,' says one estate agency boss after checking the latest ONS/Land Registry House Price Index.