Location: United Kingdom
In Pictures: Robin Lee-designed warehouse conversion in Bayswater seeks £9mn
Collaboration with Baylight Properties created a rare example of lateral loft-style living space in W2.
Deals drying up in Prime London as sales market goes into holiday mode
Last month's activity was on the low side, even by July standards, and there are signs the £5mn-plus market is finally beginning to buckle.
‘Business as usual’, reports OnTheMarket, as buyers & sellers show ‘remarkable resilience’
Over three-quarters of active buyers are confident of moving forward in the next three months, according to the portal's latest survey.
Harding Green adds north London specialist
Noah Pearlman is the latest prime London agent to sign up to the hub-based brokerage.
House price growth slowed further in June ‘but the fall was gentler than we have seen in previous months’ – UK HPI
The average UK house price was £287,546 in June 2023, which is £5,000 higher than 12 months ago, but £5,000 below the recent peak in November 2022.
Ranked: Britain’s strongest buyers’ Vs sellers’ markets
Bristol dominates a list of areas where homes are selling fast, says Rightmove, while London enclaves (including Knightsbridge) are the top sellers' markets.
PCL’s ‘best-in-class’ homes are still going to sealed bids
Negative sentiment has led to fewer sellers and a lack of supply across most of Prime Central London - and particularly between £5mn and £10mn, reports buying agency.
Boutique PCL developer seeks partner to help build £100mn portfolio
Alex Pope & Felix Langlois' Voza is targeting 'exponential growth' after completing a string of projects across PCL
Annual house price growth at lowest rate in 11 years
Transactions have also slid, and were at their lowest level since the GFC in H1, reports Acadata.
In Pictures: Pair of Chipperfield-designed warehouse penthouses hits the market in Clerkenwell
There is "significant scope for a purchaser to buy both penthouses and combine them into one extraordinary property subject to the necessary consents," says Savills.
London rental supply improves, but ‘competition is still fierce’
Foxtons reports a 6% improvement in lettings stock in the capital.
RBKC agency ramps up lettings division & puts down roots on Kensington Square
Longstanding firm Russell Simpson has launched a dedicated Kensington lettings team as part of its expansion across the top neighbourhoods of west London.