Home-seller profits shrink as gains fall back to pre-pandemic levels
But 91% of sellers in 2024 still sold their homes for more than they paid, with nearly a third making six-figure gains.
UK housing market ‘back to its pre-pandemic size’
Savills estimates the total value of the UK property market contracted by 21% in the year to March, falling back to 2020 levels.
Foreign investment in London property remains well below pre-pandemic levels, despite a surge in dollar-buyers
Dollar-based buyers enjoyed significant currency discounts on homes in London last year, but demand from European and Middle Eastern buyers remains low.
Ranked: Where home-sellers made the biggest profits in 2023
Homeowners who sold-up in 2023 did so for an average of £103k (48%) more than they initially paid for their home, says Hamptons, down from a record high of £113k in 2022.
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Strutt & Parker strengthens super-prime lettings team
Long-established estate agency brings in lettings specialist Minnie Stainrod from UK Sotheby’s International Realty as part of new growth phase.
International buyer snaps up £24mn trophy apartment in Kensington
Agency tucks away 'outstanding' 5,500 sq ft unit overlooking Kensington Palace Gardens, bucking the wider slowdown in London’s super-prime market.
Interview: New UK Sotheby’s International Realty MD Alex Isidro on what’s next for the luxury brokerage
PrimeResi quizzes the high-profile real estate agency's recently-appointed boss about bumper sales figures, brand-building, and why this business is 'all about people, not property'.
£22mn penthouse sold in £50mn deal spree at top-end Kensington scheme
Lodha confirms launch date for next sales phase at Holland Park Gate following another run of big-ticket transactions.
Deal sealed on near-£23mn super-home in St George’s Hill
Buyer picks up 'ambassadorial' Julian Bicknell-designed mansion on the exclusive private estate in Surrey.
Paperwork, penalties & PRS pain: What can we expect from Westminster’s new selective licensing regime?
As applications open, lawyers Emma Chadwick & Stephen Burke run through the background, practicalities & implications of the borough's latest policy - and what landlords & agents need to be actioning now.
London Square gears up to launch sales at landmark heritage conversion project
Ambitious transformation of former Surrey County Council HQ is to deliver 264 new homes, with completion set for 2027.
Developer secures financing for Marylebone townhouse transformation
Consented plans allow the former HMO to be reinstated as a single grand residence.
Ex-Cushman & Wakefield partners launch real estate advisory firm
Rufus Morgan, Lewis Smith & James Woolley have teamed up on the new venture, Medbourne, which will specialise in the UK Living Markets.
Seven key themes in the global branded residences sector
From standalone towers to wellness-led living, these are the big trends shaping luxury branded residences worldwide.
LATEST ARTICLES
Country house guru Sweeting joins high-end valuation firm
Longstanding Knight Frank figure has taken up a consultant role at James Wyatt's Parthenia.
Unseasonably slow September for London’s top-end property markets
Fresh analysis reveals the impact of pre-Budget jitters on the capital's high-value sales and lettings sectors.
In Pictures: ‘Immaculate’ Mayfair townhouse-mansion seeks £10.95mn
Thoroughly refurbished home is on the well-preserved Chesterfield Street - once home to Regency-era trend-setter Beau Brummell.
Government proposes the ‘biggest shakeup to the homebuying system in this country’s history’
Consultations have opened into significant & wide-ranging reforms that promise to 'rewire a chaotic system which has become a barrier to homeownership.'
Monday Market Review: Key figures & findings from the last seven days
Your essential five-minute briefing on the latest market movements & commentary, featuring data and analysis from Savills, UBS, Knight Frank, Zoopla, HMRC, CBRE & more...