Location: United Kingdom
Mortgage approvals drop to lowest level since June 2020
Fewer house purchase mortgages were approved in November 2022, as interest rates climbed.
Rightmove reports strong ‘Boxing Day bounce’ as new property listings jump 46%
'We’ve seen some promising activity and familiar patterns over the festive period this year, which are good signs for the year ahead,' says property portal.
Grand Registry: Surveying last month’s biggest registered sales
Important 17th century pile in north London tops latest rundown of resi transactions lodged with the Land Registry.
SW London penthouse portfolio goes up for sale at £19.6mn
'Village in the sky' weighs in at over 18,000 sq ft and comes with multiple roof terraces overlooking the Thames.
2022 ends with a bang as top-end buyers go last-minute shopping
'It seems Christmas is no reason to slow down at the top end of the PCL market', reports LonRes MD.
Scottish country houses move back to ‘a healthy, normal market’
Knight Frank brought in 50% more Scottish country house sales instructions in November compared the five-year average.
US billionaires splashed over £600mn in London’s top postcodes last year, with more to come in 2023
Ultra-wealthy Americans spent a record amount on luxury PCL homes in 2022, and are tipped to continue dominating the super-prime property market in the year ahead.
‘High value properties continue to outperform across the board’ as equity-rich & mortgaged markets diverge
Prime Central London's property market is looking resilient in the face of the economic downturn, says Savills.
Prime London property prices are ‘in a holding pattern’ until Spring
Knight Frank saw a sharp drop in offers bing made on prime London properties towards the end of 2022 - but offers accepted and exchanges were well up on previous years.
‘Little sign of more balanced conditions’ in prime London’s lettings market
Rental supply and demand remain very mismatched in the capital - but Knight Frank suggests that 'the UK property market may finally begin the process of self-correction' later this year.
New Foxtons boss: ‘We have to dial everything up’
'We became embarrassed by what we do. We have to be proud to be estate agents', says CEO Guy Gittins, as the high-profile firm eyes further acquisitions in the capital.
Tom Bill: The ‘great recalculation’ will have to wait until 2023
Rarely has the current state of the UK property market been such a poor guide for what happens next, says Knight Frank's research chief.