Location: United Kingdom
Sharp drop in confidence amongst London property sellers
"The change in economic headwinds is starting to be reflected in seller confidence," says OnTheMarket.
Mixed-use plans approved for prominent Mayfair site
Developer O&H Grafton and architects Foster & Partners have secured planning approval for a reworked development on New Bond Street, Grafton Street and Bruton Lane.
Knight Frank recruits new Richmond lettings boss from Chestertons
Camillo Degregorio has spent the last twelve years specialising in the SW London market.
Nest Seekers broker joins Harding Green
Arthur Kotliarovas has jumped ship to the Kensington-based broker-model agency after co-fronting Nest Seekers’ NY-Lon operation.
Under 4% of UK homes signed up to fraud alert service
New figures show a threefold increase in the number of property owners signing up for HM Land Registry’s Property Alert Service - which flags up suspicious activity - but overall take-up remains very…
Monday Market Review: Key figures and findings from the last seven days (w/c 08.08.22)
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Knight Frank, Rightmove, RICS, Savills, LonRes, Acadata & more…
Another top agency cuts Prime Central London property price forecasts
Strutt & Parker now expects PCL property prices to end this year 2-5% higher than they started it, having predicted 5-10% growth through 2022 just a few months ago.
Weak sterling opens a ‘window of opportunity in London for Middle East investors’
JLL estimates that sterling buyers are currently paying 35% more for London properties than they were in 2014, while those purchasing in US dollars are paying 3.8% less.
Traditional Summer dip sees asking prices fall for first time this year – Rightmove
"Prices usually drop in August, and this 1.3% drop is on a par with the average August drop over the past ten years," explains the Rightmove team.
PCL tenants lock-in for longer as rents continue to soar
The average length of tenancies in Prime Central London reached a new high of 25.8 months in Q2 2022, reports LCP, while the time taken to let a vacant property is at an eight-year low.
Weekly Showcase: Ten featured prime resi listings
PrimeResi’s regular stock check, powered by LonRes
Behind the Schemes: How an indoor/outdoor transformation ‘unlocked the true potential’ of a grand Belgravia townhouse
Inside the super-prime reinvention of a dilapidated Georgian gem, which had previously lain untouched for three decades…