Format: News
Prime London Property Market Snapshot: Week 30, 2026
Looks like we're back in the deal doldrums.
Property Industry Reactions: Mortgage approvals pick up but remain below average
'We expect the market to remain relatively subdued through the rest of the summer,' says Savills after looking at the latest Bank of England data.
Chestertons flags ‘unintended consequence’ of new rental rules
Major London agency says landlords have been rethinking pricing tactics under the RRA - and reports a 20% drop in sales enquiries.
Land values slide as developers get pickier
Savills reports annual falls of 3.3% for greenfield sites and 6.6% for urban land as viability concerns and weaker sales rates continue to stifle appetite.
Full-floor shell penthouses atop Park Lane ‘Grande Dame’ building seek £50mn
Agents instructed on 19,000 sq ft with planning for four big laterals in Art Deco landmark overlooking Hyde Park.
Savills reports surging European demand for London’s top-end rental homes
Tenants from the continent accounted for a quarter of the agency's £5k-a-week-plus deals in H1, up from less than 10% a year ago.
UK millionaire population falls to lowest level since Global Financial Crisis
Think tank estimates a 7% decline in the national millionaire headcount last year.
Burnham ‘rules out’ scrapping Stamp Duty in the next Budget
But other reports suggest the new government is 'actively looking' to replace council tax & stamp duty with a new system.
King Charles’ favourite architect steps down after six decades
Classical architecture heavyweight Quinlan Terry has retired as senior partner of his Dedham-based firm, handing the reins to long-time collaborator Roger Barrell.
Westminster preps ground for ‘significant’ council tax hike
PCL borough says it is facing a £100m funding blow.
Savills consolidates flagship PCL teams
Big-brand agency is relocating its Knightsbridge operations to Sloane Street.
Knight Frank installs Head of Brand, Content & Experiences
MENA marketing head is relocating to the firm's global HQ in London to take on the wider role.