Location: United Kingdom

Foxtons trumpets a 'renewed sense of vigour' in the property market at the start of 2024

Simon Murphy has been in charge of the gigantic London redevelopment project since 2018.

Estate agency group kicks off 2024 with more more acquisitions, including of a well-known prime London property firm.

Brace of original buildings on Cheyne Place overlook the 350-year-old Chelsea Physic Garden.

'Today there are an increasing number of individuals and smaller agencies who are much more willing & incentivised to collaborate,' says the real estate entrepreneur bringing independent operators together…

The number of property millionaires has fallen back from a pandemic peak, says Savills - but the number of homes worth at least £1mn remains 28% higher than in 2019.

Daniel Taylor previously held senior roles at Savills in Notting Hill and at Chestertons in Kensington & Holland Park.

Bellwether sectors now in 'serious jeopardy' after another jump in 'critical' financial distress levels.

55% of UK sellers remain confident they will sell within the next three months.

Ready-to-go project near Kensington Gardens should spark some strong interest, say firms.

Improving affordability is a factor, but most buyers & sellers 'just want to get on with life', reports Savills.

Homeowners who sold-up in 2023 did so for an average of £103k (48%) more than they initially paid for their home, says Hamptons, down from a record high of £113k in 2022.