Location: London
Stutter but no sharp fall in transactions post-Brexit
0.9% dip between June and July
Over Supply: PCL rental values hit hard as stock piles up
On an annual basis, values in Q2 were down by 4.3%, and by 8-10% in the upper price ranges
First-time buyers ‘dominate the property market’ in Prime London as the PCL price premium slips
Now the most common buyer type
Rents drop in PCL but rise in Outer Prime London
The average weekly rent across Prime London increased by 1.6% (to £638 per week) in Q2, says Marsh & Parsons, but there were markedly different stories in the centre of town and the outer circle.
Lendlease signs £200m deal to deliver Damac’s Nine Elms Aykon
450-unit development will have interiors designed by Versace Home
UK house prices to fall by 1% next year says Countrywide
Firm is one of the first to release updated forecasts since the Brexit vote
Sky Gardens’ 29th floor up for over £8m
The whole of the 27th floor was being offered for a similar sum earlier this year
Strutts confident in the power of open houses
Next National Open House Day penned in for 8th October
Currell expands eastwards with commercial acquisition
Agency has purchased 5,000 square foot space
Rutland Gardens house with Jane Churchill interior asks £13.8m
Designed originally as a coach house and stabling by Henry Clutton for Lady Ashburton in 1873
Russians row over landmark Battersea mansion
Once owned by the Forbes family, the Grade II listed Old Battersea House is reportedly about to hit the market
Homeowner sentiment picks up – but remains muted
Most households across the UK think the value of their property has ticked up in in August, according to the latest Knight Frank/Markit Sentiment Index, and the consensus is that prices will continue to…