Format: News
Half of homes sold in July had their asking price reduced
Higher mortgage rates "have acted as a wake-up call to sellers who had been on the market for some time, prompting a record share to cut their asking price," says Hamptons.
400,000 UK rental homes ‘lost’ since 2016
CBRE estimates that landlords have sold 126,500 rental properties since 2022, as mortgage rates and other costs have escalated.
Proposed planning change would ‘destroy’ national parks, warn critics
"It is one of the most bonkers examples of environmental destruction I could think of," says the CEO of the Yorkshire Dales national park, as the government seeks view on "giving farmers greater freedom…
Nest Seekers ramps up European coverage
Global real estate brokerage expands its operations in Italy, and debuts in Greece and Croatia, as part of its 'commitment to growth in Europe's premier and emerging luxury markets'.
Unmod Grosvenor Square mega-lateral goes for £16mn
Grand former residence of ‘Bentley Boy’ racing driver Bernard Rubin achieved nearly £4,000 psf.
Plans go in for ‘£1bn’ mixed-use Bankside scheme
New Foster + Partners-designed proposals for 18 Blackfriars Road include two resi buildings delivering over 400 new homes, and an all-new public space called the Rotunda.
In Pictures: Mayfair embassy-turned-trophy home targets £25mn
Former embassy and royal residence on Park Street brought to market with an Art Deco-inspired interior by Casa E Progetti.
New CEO for KWUK as Taylor ‘pivots’ to new role
Mark Readings will take over from Ben Taylor as CEO of Keller Williams UK.
Upsizers & first-time buyers exit London as costs climb – Hamptons
"Trading the city for a cheaper area outside the M25 might be the only option for those needing to upsize," says Hamptons.
Monday Market Review: Key figures & findings from the last seven days
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from JLL, Halifax, Coutts, the Bank of England, Knight Frank, REDD & more...
Numbers not stacking up for nearly half of building firms
Just under half of FMB members say their businesses are on track to make a loss this year, as outgoings continue to rise.
Prime markets being driven by cash purchasers, needs-based buyers & relocators – Savills
Agency's summer sentiment survey reveals an uplift in 'commitment to move', but there's a widening gap between cash and mortgage buyer motivations.