‘Generational divide’ widens as UK housing wealth held by over-65s hits record high of over £2.6 trillion
'The generational divide in housing wealth sits at the heart of a lot of the tensions around housing, and how these older home owners elect to deploy their equity has the potential to shape the market for the next generation,' says Savills' research chief, Lucian Cook.
The UK’s total housing value hit a record high in 2022 – but that’s likely to be ‘a high watermark for a few years’
Significant house prices gains over the last few years have favoured more owner-occupiers than landlords, suggests Savills.
By PrimeResi
The total value of the UK’s housing stock has reached a high of £7.14 trillion; here are nine charts to put that in context
Savills tots up and presents the total residential property wealth of the nation in infographic form, charting price inflation, house-building numbers, regional variances and more...
By PrimeResi
OBR downgrades housing market forecast: prices set to fall by 10%; transactions by 20%
"Low consumer confidence, the squeeze on real incomes, and the expectation of mortgage rate rises to come are expected to contribute to continued falls in house prices and a reduction in housing market…
By PrimeResi
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Lai among senior hires as UK Sotheby’s bolsters PCL line-up
Brokerage's recruitment drive continues as top-end operators join from firms including YOUhome and Chestertons.
In Pictures: $400mn LA mansion becomes world’s most expensive open-market property listing
Agents describe the eight-acre estate as the 'Crown Jewel of Los Angeles'.
By PrimeResi
In Pictures: Soho House founder’s private Scottish island hits the market with £10mn eco-lodge plans
Inchconnachan has been listed for sale at £3mn as-is, or at £10mn for a turn-key luxury retreat delivered under the 'direction & vision' of hospitality maven Nick Jones.
By PrimeResi
US buyers drive £16mn of deals at luxury Mayfair scheme
Penthouse at REDD’s 6 Charles Street changes hands amid a flurry of American-led activity.
‘Absolutely brutal pricing’ now the only way to get activity, says top PCL agent
Winkworth flags 'major reset' as market adjusts to a new reality.
Knight Frank notches up £173mn of prime country sales in Q1
Correctly priced homes are still attracting competitive interest despite an uncertain backdrop, says agency.
A buying agent’s view: On holding positions, spring optimism & a market in search of stability
Jamie Freeman discusses fragile confidence, lifestyle-led demand and why off-market deals are on the rise.
Jo Eccles: Overconfidence is costing buyers in the core market
Eccord's MD runs through three key themes in the PCL market this month, including a disconnect between buyer expectations and reality - and why it's becoming harder to correctly interpret pricing.
By Jo Eccles
Savills appoints two new heads of lettings in south west London
Aaliyah Joumana & Morgan Frewin will lead departments in Bishops Park & Richmond respectively.
Interview: Knight Frank’s Peter Mayo on the changing role of auctions in the prime market
Agency's auctioneer and partner discusses outdated misconceptions, unusual lots and why more discretionary sellers are turning to the gavel.
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