Gap between average asking & sold prices widens to 17%
'Sellers remain largely over-confident when it comes to their asking price expectations versus the price they are actually able to sell their property for,' says Yopa.
Industry Reactions: ONS data shows average house prices increased in January
Official UK HPI data indicates new-build sales are driving price increases while resale property values continue to fall.
UK HPI: House prices increased by 2.2% in the year to May
London property values have increased for the first time on an annual basis since May 2023.
UK house prices are ‘currently 8% over-valued’ – Zoopla
Property prices are likely to morph from "over-valued" to "fair value" by the end of the year, says property portal, despite an anticipated 1.5% increase in average prices.
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Super-prime agency lines up brokerage model expansion
UPDATED: 'This is not a shift towards scale, nor an attempt to mirror larger brokerage platforms... it is a natural extension of our boutique approach', says Beauchamp boss Gary Hersham.
Campions acquires boutique PCL agency Aston Chase
Estate agency group steps up expansion with addition of established Prime Central and North West London operator.
Luxury brokerage recruits two high-flying West London specialists
Euan Rollo was previously a Director at Savills in Notting Hill; Adam Andersson Broholm was a Partner with Knight Frank in Chiswick.
Knight Frank expands remit for van Straubenzee amid Middle East push
Private Office co-head to lead regional growth alongside global role
Savills reports flurry of £10mn-plus country deals
Agency tucks away £112mn worth of super-prime country piles as HNW buyers make their move.
Sales hit halfway mark at luxury Kensington scheme
Residence One says its Allen House project has 'consistently outperformed other schemes'
Savills installs new head of Fulham sales
Tom Reeves takes charge of multi-office operation in SW London following the retirement of Emma Stead, who spent over thirty years with the agency.
In Pictures: Berkeley launches ‘jewel in the crown’ at King’s Road Park
Flagship phase of SW London regen scheme to deliver 143 apartments across two Foster + Partners-designed buildings.
NYC lines up ‘pied-à-terre tax’ on $5mn+ second homes
State-first measure targeting ultra-wealthy and global elite announced by Mayor Mamdani.
$550mn Monaco deal could set new global home sale record
Details surface around a transaction in the principality’s ultra-prime Mareterra enclave that would rank among the largest ever recorded.
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LonRes rolls out new tool to guide rent setting ahead of rule changes
New Rental Checker designed to help letting agents comply with Section 13 of the Renters’ Rights Act, drawing on achieved rents.
Foxtons posts 35% fall in Q1 sales revenue
Stamp duty hangover and ‘more challenging’ market backdrop prompt cost cuts and sales reset, with lettings helping to offset the slowdown.
Boutique agency lines up another Beaufort Gardens double building at £19.5mn
Working with Knight Frank, Maskells picks up trophy instruction near Harrods after marshalling similar sale last year.
London’s super-prime status ‘under pressure’ as Tokyo & Dubai lead global house price growth
'Prime residential property has pulled away from the broader housing sector' in many global markets, says Knight Frank, but the UK capital has dropped to 93rd place on the firm's annual PIRI 100 index.
How much prime property does US$1mn buy around the world?
Knight Frank's latest Prime International Residential Index illustrates how the spending power of US$1mn has contracted in many luxury markets over the last five years.