Format: News
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.
‘High value properties continue to outperform across the board’ as equity-rich & mortgaged markets diverge
Prime Central London's property market is looking resilient in the face of the economic downturn, says Savills.
Prime London property prices are ‘in a holding pattern’ until Spring
Knight Frank saw a sharp drop in offers bing made on prime London properties towards the end of 2022 - but offers accepted and exchanges were well up on previous years.
‘Little sign of more balanced conditions’ in prime London’s lettings market
Rental supply and demand remain very mismatched in the capital - but Knight Frank suggests that 'the UK property market may finally begin the process of self-correction' later this year.
New Foxtons boss: ‘We have to dial everything up’
'We became embarrassed by what we do. We have to be proud to be estate agents', says CEO Guy Gittins, as the high-profile firm eyes further acquisitions in the capital.
Home-buyer demand has fallen by 50% as the race for space ‘runs out of steam’
London property prices have fallen over the last five years and are likely to drop further in 2023, says Zoopla.
Property portal search trends return to pre-pandemic patterns
Searches for homes for sale in London increased by 9% from 2021 to 2022, says Rightmove, while searches for Cornwall and Devon dropped by 18% and 17% respectively.
Ranked: Britain’s most expensive streets in 2022
Phillimore Gardens in Kensington and Grosvenor Square in Mayfair top this year's list of most expensive addresses to buy a home.