More than half of homes sold in September had their asking price reduced
'With some sellers still holding out for last year’s prices, it’s the number of homes changing hands rather than their price that’s bearing the brunt of the slowdown,' says Hamptons.
Half of homes sold in July had their asking price reduced
Higher mortgage rates "have acted as a wake-up call to sellers who had been on the market for some time, prompting a record share to cut their asking price," says Hamptons.
By PrimeResi
Asking price discounts climb to highest level since 2019 – Zoopla
House prices have fallen annually for the first time in a decade, according to the latest index from property portal Zoopla, as sales supply improves and a 'buyers' market' continues.
By PrimeResi
Industry Reactions: Property price growth slowed further in July – UK HPI
A 0.5% monthly increase took the annual rate of change down to just +0.6% in July, according to the latest official house price index.
By PrimeResi
Most read
Cluttons boosts Chelsea team as London resi drive continues
Heritage property agency brings in experienced operators from Berkshire Hathaway & Savills to run its high-profile base in SW3.
Domus Nova expands with global tie-up & new PCL office
'Design-led' boutique estate agency partners with Paris-based Barnes International & launches new branch in South Kensington.
Luxury brokerage brings in Savills duo to boost SW London coverage
UK Sotheby’s International Realty recently announced a 'strategic expansion' into the region, targeting key markets including Fulham, Clapham, Wandsworth, Putney, Barnes, Wimbledon & Richmond.
DDRE Global adds more advisors; reports £145mn Q1 deal run
Five-year-old brokerage, now 50-strong, tucked away some big off-market transactions during the first quarter.
Ex-Foxtons trio joins Berkshire Hathaway HomeServices in London
Stella Krizanec, Camilla Goodfellow & Sami Ounzar have all made the move to Martin Bikhit's top-end estate agency.
By PrimeResi
Native Land launches sales at landmark South Bank scheme
New Pictures: The 50-storey, 249-unit Opus will become Prime Central London's tallest residential tower, and neighbour a forthcoming five-star Mandarin Oriental hotel.
Savills boss Ridley to step down this year
Property Plc confirms succession plans as long-standing Group Chief Exec announces retirement.
By PrimeResi
Knight Frank appoints new sales head in Queen’s Park
Dylan Brooks has been leading the agency's core sales teams in Belsize Park & Hampstead since 2022.
‘We’ve basically built the Uber of real estate’: New property portal launches in UK & US
Anyone.com is pitched as an 'all in one platform' to buy & sell properties.
By PrimeResi
‘The epitome of modern living’: Farrell’s Drum House hits the market at £9mn
Postmodern 'masterpiece' in Richmond was designed by one of Britain's most celebrated architects.
LATEST ARTICLES
Prime global cities index: Price growth holds steady as outlook becomes more uncertain
Asia-Pacific & the Middle East continue to lead the recovery, reports Knight Frank, but it's a mixed picture across Europe's key luxury markets.
Revealed: What does the ‘average mansion’ cost around Britain?
'Size doesn’t always matter,' says Savills, as the research team delves into what makes a mansion a mansion in different parts of the country.
By PrimeResi
DDRE Global adds more advisors; reports £145mn Q1 deal run
Five-year-old brokerage, now 50-strong, tucked away some big off-market transactions during the first quarter.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes
Savills reworks resi leadership team in Edinburgh
John Forsyth steps up to lead the estate agency's residential sales operation in the Scottish capital.
By PrimeResi