Format: News
Buyer demand dips in prime London, but appetite for super-prime homes grows
A drop in demand for prime property is 'hardly surprising', says the boss of estate agency Benham and Reeves - but the very top-end of the London market appears buoyant in the face of an economic downturn.
Home-buyer demand across England dropped 9% in Q4
'The pandemic-inspired property boom is being brought well and truly back down to earth,' says GetAgent after assessing the proportion of homes listed for sale that have already found a buyer.
Mortgage approvals drop to lowest level since June 2020
Fewer house purchase mortgages were approved in November 2022, as interest rates climbed.
Rightmove reports strong ‘Boxing Day bounce’ as new property listings jump 46%
'We’ve seen some promising activity and familiar patterns over the festive period this year, which are good signs for the year ahead,' says property portal.
Vast Raffles-branded residences go on sale in Dubai
Buyers are being offered a choice of 14 turnkey homes serviced by the luxury hospitality group, with floorplates going all the way up to c.26,500 sq ft.
Grand Registry: Surveying last month’s biggest registered sales
Important 17th century pile in north London tops latest rundown of resi transactions lodged with the Land Registry.
SW London penthouse portfolio goes up for sale at £19.6mn
'Village in the sky' weighs in at over 18,000 sq ft and comes with multiple roof terraces overlooking the Thames.
2022 ends with a bang as top-end buyers go last-minute shopping
'It seems Christmas is no reason to slow down at the top end of the PCL market', reports LonRes MD.
Scottish country houses move back to ‘a healthy, normal market’
Knight Frank brought in 50% more Scottish country house sales instructions in November compared the five-year average.
Canada blocks foreign property investment for two years
'The desirability of Canadian homes is attracting profiteers, wealthy corporations, and foreign investors,' says Canada's ruling party.
Gove backs new architecture school plan to tackle ‘insipid’ housing development
Policy Exchange's proposed School of Place 'would seek to ensure that architects, planners and built environment professionals have access to the best theories, principles and most importantly practices…
US luxury homes market in record slump
Sales of high-end properties in the States plummeted by over 38% at the back-end of last year, the biggest decline on record, as wealthy buyers retreated from the market.