Larger homes are taking ‘considerably longer’ to sell
'One of the early underlying trends of 2023 and a direct effect of higher mortgage rates has been strengthening demand for smaller homes,' says Hamptons, as the housing market slows down.
PCL sales tumble by a fifth – but ‘taking a longer-term view shows a different picture’
JLL's Prime Central London index for Q1 2023 tells of a 4.3% annual decline in achieved sold prices, and a 5.5% increase in achieved rents.
Londoners buy a record number of homes outside the capital
London leavers bought 85% more homes outside the capital in the first half of this year than in H1 2019.
Property sellers show ‘increased pricing confidence’ as the property market continues to defy expectations
But there are 'some signs of over-optimism' amongst vendors at the top end of the property market, warns Rightmove.
Most read
Caudwell brings in Dorchester Collection to manage 1 Mayfair
New agreement 'brings together Mayfair’s two most prestigious luxury destinations,' declares ultra-prime property developer.
Agency reports rapid-fire £70mn sales run in Notting Hill
After a subdued start to the year, domestic buyers have sprung into action in W11, says Strutt & Parker's local team.
Brokerage recruits SW London specialist from Savills
UK Sotheby's International Realty announced a 'strategic expansion' into the region earlier this year.
London Square unveils plans for £240mn Chelsea scheme
Assael Architecture-designed proposals involve 42 new homes and a £13mn National Army Museum extension.
Super-prime brokerage reports ‘strong sales with significant deals’ – transacting over £400mn in Q3
International buyers accounted for more than two-thirds of deals handled by UK Sotheby's International Realty.
‘The opportunity was clear’: Behind Maybourne’s expansion into branded residences
COO reveals how the Claridge's operator plans to integrate luxury hotels, homes, and wellness into a highly personalised 'ecosystem'.
Borough by Borough: Charting short supply & rising prices in London’s housing market
CBRE's annual Borough by Borough report reveals a tapestry of local performance alongside over-arching trends shaping the capital's residential market.
Renters’ Rights Bill clears parliament
Letting agents face big changes to accountability & compliance, as rental sector reforms await the Royal rubber stamp.
Fine & Country expands into Holland Park
Ben Madden's West London team has taken on the estate agency brand's licence for the affluent area.
UAE mega-developers to merge
'Milestone' deal creates a 'powerful, future-ready entity' to bring forward ambitious residential & resort projects.
LATEST ARTICLES
UK buyer swoops on marquee penthouse at boutique Mayfair scheme
Agents confirm sale of largest penthouse at Three Kings Mayfair for over £8.5mn, as domestic demand continues to trend upward across PCL.
Private island in the Thames heads to auction
Uninhabited ait near Shiplake 'might just be the Thames Valley’s answer to a beach hut', says Savills.
Major Irish agency expands with key hires & Knight Frank acquisition
Sherry FitzGerald has bought commercial real estate advisor Knight Frank Ireland, and recruited four senior names from Colliers to its residential business.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes.
Postcard from the Cayman Islands: ‘Lifestyle is as important as investment’
Jeremy Hurst shares his view on the low-tax tropical enclave's developing luxury property scene - partly fuelled by an influx of UK non-doms.