Location: United Kingdom
Profits tumble for major developer as higher interest rates hit housing market
Taylor Wimpey reports rising cancellations, falling reservations & borrowers taking on longer mortgages in latest set of financial results.
Winkworth confirms split with long-standing London franchisee
Estate agency branches are in a "transitional period" while legal proceedings complete.
Abrahmsohn on interest rates: Is the medicine worse than the ailment?
The BoE needs to be wary of double-dosing the patient later this week, warns veteran agent Trevor Abrahmsohn.
Demand still outstripping supply in PCL’s rental market
A drop in buy-to-let transactions during the pandemic has hit supply levels, reports LCP, and the average rent per sq ft is now 21% above the 10-year average.
Bidwells adds heavyweight research head
Oxford-Cambridge Arc property specialist hires top name from Schroders.
Buyer sought for super-prime doer-upper in Hampstead with ‘huge’ potential
This dated 1990s mansion, inspired by Franklin D. Roosevelt's country residence, could be transformed into a £22.5mn super-home, say agents.
Hefty £35mn deal lodged in Holland Park
The Land Registry has recorded a slew of large-scale sales in west London over recent weeks.
Record number of London development schemes stalled as difficulties grow
Survey shows around 70 significant projects are at a standstill, while new-build sales have fallen to their lowest level in 12 years.
In Pictures: Related Argent launches debut build-to-rent apartments in King’s Cross
Author King’s Cross has delivered 182 rental homes in central London, with interiors by Conran & Partners and David Phillips.
In Pictures: Chestertons gets into the festival spirit
Agency's summer bash saw over 500 staff in attendance, and CEO John Ennis taking to the decks...
From cash-rich buyers to overly-aggressive tactics: Five key trends in the PCL market right now
'We have seen several instances recently where overly-aggressive tactics and tone have been deployed by a seller’s estate agent or lawyer, which has nearly derailed a transaction close to exchange unnecessarily.
‘This is now a buyer’s market’ – Garrington
Slowdown "is not a temporary aberration but looks to be a shift in the UK property market’s landscape for the second half of the year," says top buying agency.