Format: News
Finlay Brewer recruits ‘lifestyle entrepreneur’ to run Riviera property sales
Layan Mahshi is now handling luxury property sales across the South of France, Marbella and Montenegro for the overseas division of West London estate agency Finlay Brewer.
PCL tenants lock-in for longer as rents continue to soar
The average length of tenancies in Prime Central London reached a new high of 25.8 months in Q2 2022, reports LCP, while the time taken to let a vacant property is at an eight-year low.
Weekly Showcase: Ten featured prime resi listings
PrimeResi’s regular stock check, powered by LonRes
Leading RE names new President of Global Operations
Chris Dietz has been promoted to President of Global Operations at Leading Real Estate Companies of the World.
Property portals ‘are inflating the cost of running an estate agency business to near impossible levels,’ warns agency boss
Steph Walker, COO of 19-month-old firm The Agency UK, says many top-end independent estate agencies "will have to shut their doors as competition in the marketplace greatens."
Heatmapped: Housing market continues to confound, as prices rise again
Annual price growth increased to 10.2% in England & Wales last month, reports Acadata.
Savills H1 revenue tops £1bn, but profits shrink as resi income falls
Savills has reported a "strong performance comfortably ahead of pre-pandemic level" in the first half of this year - but revenue from residential transactions has fallen by 11%.
Knight Frank downgrades international prime property price forecasts
"A lot has changed in global property markets since we issued our last global prime residential forecast in December 2021," says Knight Frank.
House prices continue to climb despite falling buyer demand – RICS
"It is little surprise that housing market activity is now losing some momentum," says the RICS - but most surveyors "still anticipate prices will be modestly higher than current levels in a year’s time.
Market towns see property prices dip as the countryside property boom cools
After two years of punchy growth, house prices in 25 regional market towns have fallen by an average of 2% in the last 12 months.
LRG buys eight-branch Isle of Wight estate agency
This is the LRG's second acquisition of 2022, since being acquired by Platinum Equity in February.
Sublime Palladian pile in Somerset seeks £8mn
Wadbury House near Frome was reworked by the designer behind five-star hangouts Babington House and The Newt.