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Prime London Property Market Snapshot: Week 43, 2023
Negative numbers abound in our latest weekly sit rep for the prime London property market.
Trio of senior hires for high-end country agency
Ex-Savills and Knight Frank agents bolster Andrew Russell & Ben Bentley's three-year-old firm, The Country House Department.
Transaction numbers fell again in September – HMRC data
'Transaction levels continue to be subdued as buyers remain cautious,' comments Savills.
Property prices to bottom-out in 2024, predicts JLL
Property firm expects 'a gradual improvement in the economy' and highlights 'a positive outlook for the residential sector' - despite a 'significant undersupply of homes' that's set to 'worsen further'…
‘A mess in search of a solution’: What can be done to fix our dysfunctional rental market?
It must be obvious that the current situation is bad for everyone, writes Property Vision's Charlie Ellingworth.
‘Removal of anonymity’ & sanctions behind PCL’s high-end sales slide, suggests accountancy firm
Sales of £5mn-plus properties in the traditional prime resi heartlands look to have plummeted by a third in the past year.
Penthouses unveiled at £150mn East London scheme
Rockwell debuts set of six marquee residences at the SimpsonHaugh-designed Vetro.
Palladian secures planning for new townhouse project in Chelsea
'Quintessential' 1850s townhouse in the Boltons Conservation Area will be reworked and extended.
Cala picks up prime Ascot site for resi development
The 7.5 acre site has a GDV of over £50mn and could 'help remaster the centre of Ascot'.
No Autumn bounce for mortgage lending
BoE data shows a continued decline in mortgage lending activity through September.
Grand Registry: Surveying last month’s biggest registered deals
Super-prime sales lodged last month included a handsome Holland Park villa and a basement flat in Knightsbridge.
Home Counties estate agency launches ‘swanky’ fifth branch & HQ
Hat and Home's new office in Sandhurst has been 'specifically designed to be a fun and empowering environment' for operations staff.