Format: News
Monday Market Review: Key figures and findings from the last seven days (w/c 01.08.22)
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from LonRes, Savills, Coutts, Zoopla, Knight Frank, London House & more…
Prime rental growth outpaces capital values in most global cities
“Megacities are once again thriving as tenants are drawn back to urban living after the lifting of lockdowns," says Savills, as prime rents climb in New York, Singapore, London and Los Angeles.
‘Crypto winter’ drives metaverse real estate crash
Virtual land prices have tumbled by an average of 66% since January, while the volume of metaverse real estate being traded has tanked by 97% from its November peak.
Weekly Showcase: Ten featured prime resi listings
PrimeResi’s regular stock check, powered by LonRes
Connells Group revenue falls 13% on ‘less frenetic’ property market
The owner of estate agencies including Hamptons and John D Wood "remains positive" despite falling revenues.
‘London’s prime property market is getting back on form’ – Coutts
High-society bank tells affluent clients that PCL is back in action.
‘Signs are already emerging that housing delivery rates could slow considerably’, warns Knight Frank
“New residential development is being constrained by a limited supply of land coming through the planning system.
’One of the last great unclaimed spaces in New York City’ offered for $59mn
Combining the two remaining units at Alchemy’s Woolworth Tower Residences would deliver a 12,000 sq ft spread with a 400 square foot terrace overlooking the Big Apple.
Proptech firm recruits OTM finance chief
After announcing his resignation from OnTheMarket earlier this week, Clive Beattie has now confirmed a move to Fine & Country’s parent company, nurtur.group.
Accouter expands to New York & the Middle East
London design studio Accouter has embarked on an international expansion, launching new bases in New York and Dubai.
Savills halves PCL price forecast for 2022
Prime Central London's property market recovery is taking longer than expected, says Savills, as it downgrades its forecast for this year.
Bank of England bumps interest rates up 0.5% to 1.75%; warns of a recession by the end of the year
Today's rate rise is the biggest increase in 27 years, and comes as the BoE warns that the UK will be in a long recession by the end of this year.