Format: News
‘London lettings is entering a new kind of market’ – Foxtons
Tenant demand dropped by more than a fifth in September, reports agency.
Four in ten homes for sale have already had asking prices cut
The number of price-reduced listings on Zoopla has increased 3.6% since August.
Sotheby’s International Realty names new global boss
US brokerage veteran Mark McLaughlin takes the reins as Philip White moves into Executive Chairman role.
Prime London rental growth hits 18-month high as new rules reshape market
LonRes reports a 4.6% rise in achieved rents last month, with lettings activity falling - and more than a third of Mayfair deals sitting outside the Renters' Rights Act.
Only three prime London neighbourhoods saw £2mn+ stock rise in Q3
11 of 14 tracked areas saw a decline in the volume of £2mn+ sales listings.
Prime London sales still ‘sluggish’ despite September stirrings
LonRes records the slowest September for transactions since 2016, although the £5mn-plus sector is showing signs of life.
No take-off for £5mn UK investor visa
Plans to attract overseas HNWIs to Britain reportedly grounded ahead of Budget, despite ‘considerable pent-up demand’.
UAE-backed firm sets ambition to become ‘London’s leading developer’
As rivals beat a retreat from the London market, housebuilder reports 236% sales surge and £5bn development pipeline.
Lanesborough adds investment & asset management arm
Ex-Savills agents team up with chartered surveyor Justin Wood as property consultancy branches out.
Ultra-luxe Rosewood hotel residences go up for sale in Abu Dhabi
Mubadala puts 73 homes inside the landmark five-star hotel on the market, with Sotheby's handling the sales.
Big-bucks mortgages spread beyond London heartland
Savills analysis reveals an 18% rise in £500k-plus lending outside Southern England since 2021, despite a 36% jump in borrowing costs.
House price premium for top school areas shrinks to 29%
'Families continue to pay a significant premium for homes in areas with the strongest-performing secondary schools,' says Savills.