Home-buyer demand has fallen by 50% as the race for space ‘runs out of steam’
London property prices have fallen over the last five years and are likely to drop further in 2023, says Zoopla.
What to read next
Home-buyer demand across England dropped 9% in Q4
'The pandemic-inspired property boom is being brought well and truly back down to earth,' says GetAgent after assessing the proportion of homes listed for sale that have already found a buyer.
‘House price inflation is losing momentum fast’ as home-buyer demand plunges 44% – Zoopla
"A widespread repricing of housing underway," says Zoopla, as buyer demand sinks and more vendors cut asking prices.
Home-buyer & seller sentiment ‘remains robust’, says portal
'There’s evidence that buyers feel the market is moving in their favour,' says OnTheMarket boss Jason Tebb, as the portal reveals results of its September Sentiment Survey - conducted before the now-unravelled…
Companies in this article
ZooplaMost read
Savills Private Office adds trio of HNW specialists in London & New York
Big-name appointments boost the firm's offering for the globe-trotting super-rich.
By PrimeResi
Daggers’ DDRE tops £200mn in 2026 sales; adds five more advisers
'Buying London' brokerage brings in new dealmakers and reports run of big-ticket transactions in town & country.
Belgravia townhouse with royal past reportedly finds £39mn buyer
That price would top the £35mn paid for a Grade I-listed neighbour earlier this year.
By PrimeResi
Agency seals string of super-prime St George’s Hill sales
The latest big-ticket residence to change hands on the exclusive private estate was guided at £13.75mn.
Savills downgrades prime forecasts; no recovery for PCL prices until 2029
Prime London and regional property prices are likely to decline further next year, says top agency.
By PrimeResi
Former Lodha director joins country house agency
Independent firm brings in top-end operator to bolster its Cotswolds presence.
Well-known PCL agency duo launch boutique firm
Former Maskells MD & ex-Knight Frank Partner set out their stall as independent venture brings its first homes to market.
Landmark Nine Elms scheme brings in fresh design talent
Two top interiors studios join the teamsheet at the 57-storey tower, just over two years after sales launched.
London’s super-prime sales haul halves as trophy deals dwindle
Latest data tells of a comedown from Q2’s 'flurry of remarkable sales' in the UK capital, as Hong Kong topples Dubai for combined $10mn+ sales value.
By PrimeResi
Savills announces ‘management evolution’ in Europe
London-listed real estate advisor rejigs top table team in the UK and wider EMEA region.
By PrimeResi
LATEST ARTICLES
Friday the 13th: Microsoft outage hits PCL & raises completion-day concerns
Kensington & Chelsea warns of slower responses, with last year’s council IT shutdown still fresh in the memory.
Aman teams up with tennis legend for new ‘performance living’ brand
First stop for the new 'ultra-luxury' offering is Miami, where the hospitality group is planning a set of branded homes served by a 120,000 sq ft wellness centre.
In Pictures: Elicyon-designed penthouse at Lancer Square seeks £16.5mn
Charu Gandhi’s studio completes one of the long-running Kensington scheme’s final homes, taking its cue from the local antiques trade.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes.
Wealthy clients turn to ‘private compounds’, says top designer
Taylor Howes founder reflects on how HNW wish lists have changed over the last three decades.