Format: News

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.

A price recovery in Prime Central London 'looks well overdue', says Frances McDonald

Pantheon Macroeconomics is more bullish than most.

'Homeowners are breathing a sigh of relief as interest rates appear poised to decrease in 2024,' says Knight Frank's research chief.

Londoners' spending on homes outside the capital has returned to pre-Covid levels, reports Hamptons.

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.

'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.'

Mayfair's Grosvenor Square claims top spot in annual Halifax rankings, despite a £3mn drop in the average value.

'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.

Savills-owned Prime Purchase has seen its London division come to the fore in recent years.

A number of landmark projects sold out over the course of 2023.

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.