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London property prices jumped by 2.2% in February, as the national annual rate of house price inflation climbed to +10.9%.

"This is just the beginning," says Housing Secretary Michael Gove. "We will do whatever it takes to hold industry to account, and under our new measures there will be nowhere to hide."

"Developers will need to absorb new costs, and tighten margins in order to secure sites in what we expect to continue to be a competitive market," says Savills' head of regional development.

2022 has so far been defined by high demand and low supply - and the return to more balanced conditions doesn’t appear imminent, writes buying agent Plum Fenton

20 years after developers acquired the site, Phase One construction works on Shoreditch's ten-acre mixed-use regeneration scheme are now slated to start in 2024.

Cheyne Capital has agreed its second big finance deal with high-end retirement developer Riverstone, backing a Kensington scheme to the tune of £220mn.

High-end mortgage broker SPF was formed in 2011 after a management buyout and rebrand of Savills Private Finance

Bentley Motors and Dezer Development are collaborating on the debut Bentley Residences project in Miami, set to complete in 2026

Ben Axton has joined Richard Angel and Ed O’Donnell’s four-year-old firm from Accouter Group

The ‘sumptuous’ Bishopsgate House debuted on the open market back in 2018, sporting a £50mn asking price

House price inflation is likely to "unwind" back to single figures across the UK, predicts Knight Frank, although Prime Central London is set for higher price growth as global travel resumes.

“We made excellent progress in 2021, with a good performance in rentals and sales income exceeding all company records," says estate agency boss.