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.
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.
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.
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The Great Fragmentation: New data charts super-prime London’s shift from two-agency dominance to a field of fifty
Exclusive: Analysis of 70 £10mn-plus sales confirms a striking shift in how PCL's biggest deals are being brokered.
Standout Georgian house in Richmond trades in benchmark deal
Off-market transaction is the SW London neighbourhood's highest-value sale so far this year.
One month on: How the Renters’ Rights Act is already reshaping Prime London
From landlords repricing above key thresholds to tenants adjusting budgets and buyers shying away from tenanted stock, Yasmin Ulhaq reports on the market's first responses to the new regime.
Record deal sealed on Pimlico’s St George’s Square
Rare freehold townhouse changes hands at close to £10mn asking.
Masterplan revealed for major central London hospital site development
King's Cross Group & Argent have unveiled a fresh £500mn proposal for the St Pancras Hospital site, featuring more than 180 new homes.
Salboy launches fourth central London scheme
Studio Power has designed the ten-apartment scheme in Camden for Salboy & Forge Homes.
Rare and historic homes change hands as north London’s top end stirs
Savills reports a busy few weeks in Hampstead and St John's Wood, with buyers snapping up blue-plaque houses, trophy homes and a £13.5mn mansion conversion project.
First Look: Albion Nord completes £6.7mn show home at Bishops Avenue Gardens
Arts & Crafts meets luxury living in first apartment to be unveiled at new Billionaires' Row scheme.
Family office buys mixed-use property parade in South Kensington
Eastway Estates spent £11mn on the row of buildings on Bute Street.
More ‘legacy’ properties set to change hands in London this year, says top dealmaker
UK Sotheby's private office chief expects market confidence to build, with continued competition for the capital's best homes.
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Tom Bill: Burnham victory sparks questions on fiscal discipline & property tax reform
Victory in Makerfield will reignite debate over government’s economic priorities and possibility of property tax reform, says Knight Frank's head of UK resi research.
Government confirms homebuying shake-up to ‘slash delays, cut costs & stop sales falling through’
Proposals include upfront 'sales packs', binding contracts and possible mandatory agent qualifications.
‘Bold buyers snap up deals’: Super-prime agent calls for ‘the end of caution’ in PCL
'Decisive buyers are dominating,' says Peter Wetherell, following a five-day five-deal run worth nearly £25mn.
Knight Frank begins redundancy consultation process
Agency says fewer than 3% of its UK workforce could be affected.
Weekly Showcase: Ten featured prime resi listings
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