Half of homes sold in July had their asking price reduced
Higher mortgage rates "have acted as a wake-up call to sellers who had been on the market for some time, prompting a record share to cut their asking price," says Hamptons.
Southern England ‘bears brunt of house price falls’ as buyer demand drops – Zoopla
Zoopla expects average UK property prices to be 5% lower by the end of the year - but that would still be 15% higher than pre-pandemic levels.
Lloyds reins-in house price slump expectations
Lloyds Banking Group now expects average UK house prices to end 2023 5.6% lower than they started the year, with a 'best case scenario' of -3.3% and a 'severe downside scenario' of -9.3%.
Industry Reactions: UK HPI shows no change for the average house price in May
The annual rate of property price growth slowed from +3.2% in April to +1.9% in May, according to the UK's official House Price Index.
Most read
Big-brand super-prime brokerage names new MD; reveals bumper H1 results
United Kingdom Sotheby’s International Realty says it racked up nearly £600mn in sales during the first half of 2025.
Interiors lead appointed at super-prime Pimlico scheme
'Landmark' One Bessborough Gardens project is transforming a former Government spy agency HQ overlooking the Thames.
From Manhattan to Mayfair via Miami: Where the world’s $30m+ set call home
New research charts the cities with the largest UHNW residential footprints, revealing shifting second-home trends and emerging luxury hotspots.
London property market more split than it has been since Brexit – Knight Frank
Agency flags significant divergence in prices and deal volumes between PCL and POL amid ‘summer of speculation.'
Rosewood elevates luxury resi ambitions with senior hire
'Residential business is our strategic development focus,' says CEO of global hospitality group, as top-end specialist joins to drive next growth chapter.
Treasury eyes Autumn IHT & CGT hikes
Reports suggest the government 'is trying to work out how it can tap into the vast wave of wealth that will be transferred from baby boomers when they die.'
The Times: How a British estate agent conquered New York
Katrina Burroughs meets 'the rising star of the Big Apple’s real estate scene' ahead of the new season of hit Netflix show Owning Manhattan, in this piece for The Times.
Mayfair specialist joins Harding Green in Hertfordshire
Kitty Halley previously worked at Wetherell and Savills.
Irish developer Ronan ‘exploring a return to London’ following landmark Dublin deal
Johnny Ronan's Ronan Group - which once had grand plans for Battersea Power Station - is 'actively pursuing opportunities as it charts a course back into the UK market'.
In Pictures: ‘Gallery-worthy’ Chelsea Arts & Crafts house seeks £12.5mn
On the market for £12.5mn, the home on Chelsea Park Gardens 'has the potential to fetch £25,000 per week on a short let,' says Dexters.
LATEST ARTICLES
Major prime agency installs new lettings boss
Daniel Fisher will lead the 153-year-old firm's lettings business into its 'next chapter'.
In Pictures: Inside Echlin’s country house debut in the Cotswolds
Boutique design firm shows off its first interiors project outside of London - delivering 'subtle luxury' for a Singaporean family in Oxfordshire.
‘Fierce competition’ in SW London sees renters bid above asking
'75% of family houses were let at the asking price or above on the first viewing' in July, reports Savills.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes.
Four Seasons to launch standalone resi project in Abu Dhabi
Collaboration with asset manager Alain on Saadiyat Island is promising to 'redefine luxury living in the UAE.'