Format: News
‘Most competitive rental market ever’ drives record rental price inflation
Average asking rents have risen by over 20% in Central London over the last year, and by 11% outside of the capital.
Italy Sotheby’s International Realty opens in Verona
Agency launches presence in historic city after receiving ‘surge of requests’ from Germany, Switzerland, France, UK and the USA
Most Prime London homes are still being sold for less than their asking price
Prime London vendors are accepting an average of 3.6% less than their asking price, according to research by Benham and Reeves - but discounts are getting less chunky as the market bounces back.
Heatmapped: 2021’s regional growth patterns go into reverse
Areas of the South East - which had some of the lowest rates of growth in England & Wales last year - are seeing a revival as buyers seek out commutable locations for hybrid working
Property boom continues as average UK house price climbs 10.9% in a year – official data
London property prices jumped by 2.2% in February, as the national annual rate of house price inflation climbed to +10.9%.
Gove declares ‘a victory for leaseholders’ as major housebuilders sign building safety pledge
"This is just the beginning," says Housing Secretary Michael Gove. "We will do whatever it takes to hold industry to account, and under our new measures there will be nowhere to hide."
Slow growth predicted for development land values as building costs climb
"Developers will need to absorb new costs, and tighten margins in order to secure sites in what we expect to continue to be a competitive market," says Savills' head of regional development.
Bishopsgate Goodsyard clears final planning hurdle
20 years after developers acquired the site, Phase One construction works on Shoreditch's ten-acre mixed-use regeneration scheme are now slated to start in 2024.
Luxury retirement developer secures massive loan for Kensington scheme
Cheyne Capital has agreed its second big finance deal with high-end retirement developer Riverstone, backing a Kensington scheme to the tune of £220mn.
Howden swoops on SPF Private Clients
High-end mortgage broker SPF was formed in 2011 after a management buyout and rebrand of Savills Private Finance
Preview the world’s first Bentley-branded residences with these new renderings
Bentley Motors and Dezer Development are collaborating on the debut Bentley Residences project in Miami, set to complete in 2026
Angel O’Donnell hires new sales director
Ben Axton has joined Richard Angel and Ed O’Donnell’s four-year-old firm from Accouter Group