‘Froth’ comes off prime London sales market as normality returns
‘All the sales indicators show that the market is moving from what has been a frantic period to a more normal one’, says LonRes. There’s no end in sight for would-be tenants, however, as stock shortages cause a ‘collapse’ in lettings activity.
New analysis finds the prime postcodes in rebalancing mode, with some encouraging signs, but the market is expected to soften as we head deeper into H2.
The £5m-plus market has been flying over the last three months, reports LonRes, with exchanges up by nearly 20%.
The capital’s prime housing market has proven ‘remarkably resilient’, reports LonRes, and demand is expected to increase as the capital reawakens...
Companies in this articleLonRes
Henry Hird will be leading the 40-strong team at Sims Hilditch as the award-winning studio embarks on its 'next phase of growth'.
Developer confirms Juan Pablo Molyneux will create the residents’ communal areas for 1 Mayfair, the forthcoming RAMSA-designed scheme billed as 'London’s most exclusive address'.
‘After all, property is a people business’: In conversation with top Savills execs Pete Bevan, Liza-Jane Kelly & Richard Gutteridge
The agency's London & PCL chiefs share their insights on achieving success in the industry, the biggest market shifts of the last 25 years, and the latest buyer & seller trends...
Deal sees top-end construction & maintenance firm expand its range of specialist services, and sets up a foray into the world of superyachts.
Agne Karazuite and Ed Boden have taken on new roles in Chelsea and South Kensington.
Fresh analysis by luxury estate agency Beauchamp Estates looks into the wealth and lifestyles of the global super-rich.
Significant sale 'demonstrates that despite ongoing economic uncertainty London remains top of the list for the world’s global buyers,' says Knight Frank.
'Now is a good time to buy' a property in the capital, says estate agency.
From strategic hires to the rise of self-employed agents: Andrew Deverell-Smith on the real estate recruitment trends to watch
Is it time to hunker down or level up? Recruitment guru explains how top property firms are taking different approaches to challenging market conditions.
Rachel Mason will be in charge of identifying new investment opps in London and across the UK for the Australian developer, as it targets a billion-pound pipeline.
While studios and small flats have struggled in the cooling conditions, foreign buyers have been driving the market for certain family-suitable homes, reports Benham & Reeves.
Cyber attacks and claims are on the rise, and estate agents need to be prepared, warns Paul Offley of The Guild of Property Professionals.
By Paul Offley
Deal numbers continue to slide in prime London, but the last week has seen a decent increase in new sales instructions.