London rental market activity booms, but prices face downward pressure
Chestertons has reported a 45% increase in new tenancies in London this September compared to last – but supply is running high, forcing many more landlords to cut rents.
In London
Four new proptech ‘innovators’ join Land Registry incubator
Four more startups have been selected to join the Geovation scheme, including two platforms that promise to speed up and simplify the homemoving process
High street agents still claiming over 98% of the market above £1m
Hybrid & online agents boosted their share of new instructions significantly in Q3, reports TwentyCi, but are yet to make much of a dent in the prime market…
London agency teams up with homelessness charity
Marsh & Parsons will be taking on a range of initiatives to raise £25k for Streets of London, including the annual Sleep-Out event.
More prime London agencies make hay while the sun shines
Boutique firm Aston Chase joins other boutique operators reporting a bumper run of deals, after chalking up £175m worth of sales in the last five months alone…
New-build home deliveries sink by 15-20%, but development land buying activity remains strong
Savills saw more new-build homes reservations in Q3 this year than in any previous quarter on record, while development land buyers focus on smaller sites.
High-end bargain-hunters splash £2.5bn in London’s top postcodes
PCL’s £5m+ transaction volumes are 12% up on last year’s levels, with Q3 proving the strongest quarter in five years; ‘these are results that nobody could have anticipated’, says Savills…
Ringley launches luxury block management arm
Ringley Prime is being led by Lee Gregori, and will focus on Prime Central London property.
Rolling Stone lists colourful west London townhouse
Five-bedder on Holland Road was home to Ronnie Wood and his actress wife Sally Humphreys between 2011 until 2017, and is now used as his art studio…
Domus Nova’s Shaw joins Savills to lead Notting Hill office
Chris Shaw has been recruited as Head of Savills’ Notting Hill operation, covering prime property sales in and around W11 as well as super-prime sales in the wider area.
‘There is smart money in Europe targeting London’: French buyers come to the fore in PCL
Buyers from across the Channel jump to the top of Knight Frank’s international buyer rankings, while purchases by Chinese nationals almost halve in ‘major shift’…
KFH goes on a recruitment drive ‘to keep up with demand’
London estate agency chain Kinleigh Folkard & Hayward has advertised 37 additional roles so far in 2020, in a “significant” recruitment drive.
