Format: News
Monday Market Review: Key figures and findings from the last seven days (w/c 25.07.22)
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from LCP, Homesearch, Savills, Chestertons, Foxtons, Propertymark & more…
‘London exodus continues’ as a record proportion of first-time buyers leave the capital in search of a home
"One of the biggest Covid-related housing market trends - moving out of London for the country - could be here to stay," suggests Hamptons.
Mortgage approvals drop as higher interest rates start to bite
The number of home-buyer mortgage approvals has fallen below the pre-pandemic average, according to the Bank of England. “Higher interest rates are starting to bite," says Savills.
Christian Candy reportedly sells Surrey mansion for £125mn
Reports suggest a Middle Eastern buyer has picked up the 80 Holland Park developer's "Candyland" estate near Egham.
Studio Indigo adds to management team
Luxury design specialist Olga Fox has joined the Chelsea-based practice from Millier.
Rightmove revenues jump despite traffic falling back
Estate agents are spending more than ever promoting property listings on Rightmove - despite house-hunters spending less time browsing the portal.
Super-prime buyers return to London’s golden postcodes in ‘stellar’ year
PCL heartlands including Chelsea, Belgravia, Kensington, Mayfair & Knightsbridge have accounted for half of all high-end sales in 2022 so far.
PCL flats return to favour as location ‘re-emerges as a key determinant’
The window of opportunity for investors is closing, says LCP.
Weekly Showcase: Ten featured prime resi listings
PrimeResi’s regular stock check, powered by LonRes
Trendwatch: US buyers go bargain hunting in Europe
Knight Frank reports on the current surge of American interest in European property markets.
Cadogan teams up with Museum of Architecture to launch a nature-inspired art trail in Chelsea
Five architecture teams have designed 20 "micro-home" art installations that showcase biomimicry, as part of Cadogan's "Nature's Architects" event in Chelsea.
Planning Inspectorate boss quits
Sarah Richards will step down as Chief Executive of the Planning Inspectorate - which runs top-level planning decisions in England - later this year.