Mortgage lending to fall in 2024, predicts UK Finance
'We expect lending to remain weak in 2024, with a gradual improvement in affordability reflected in a modest increase in activity levels in 2025,' says banking industry trade body.
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Property prices to bottom-out in 2024, predicts JLL
Property firm expects 'a gradual improvement in the economy' and highlights 'a positive outlook for the residential sector' - despite a 'significant undersupply of homes' that's set to 'worsen further'…
By PrimeResi
House prices to continue falling through 2024, predicts Lloyds
Average property values will be 7% lower at the end of 2024 than at the start of 2023, says major mortgage lender.
By PrimeResi
Rents to rise four times faster than house prices to 2026, predicts top agency
"We think that 2025 will mark the beginning of a new property market cycle, with London leading the way, outperforming all other regions for the first time since 2015," says Hamptons' Head of Research.
By PrimeResi
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Luxury brokerage declares £1.3bn in H1 sales
Overseas buyers accounted for 52% of the UK agency's deals, while new instructions topped £2.3bn.
Knight Frank brings in ex-CBRE director for new board-level role
Agency appoints Mike Knowles as Head of Lettings Business Development as part of wider lettings restructure.
Cluttons appoints top market analyst to lead resi business
Well-known research chief and former journalist steps up to lead major agency's residential division.
Art Deco gem in Notting Hill sells in off-market deal
'Landmark' £16mn residence was once owned by legendary soul singer Dusty Springfield.
Financial Times: Is Rightmove taking us for a ride?
Influential journalist Jonathan Guthrie investigates the property portal's dominance, fees & standing in the industry.
By PrimeResi
UK Sotheby’s launches US buyer advisory
Veteran broker Jim Bell joins the Mayfair-based firm to help wealthy Americans navigate the UK's prime resi market.
In Pictures: Grosvenor Square emerges from £25mn redesign
Mayfair's historic public gardens to re-open after a significant revamp.
By PrimeResi
Lucian Cook: Tax speculation returns but all of the complexities remain
Despite much chatter, 'the matter of whether [Andy Burnham] would pursue a substantial overhaul of property taxation remains one of conjecture,' counsels the Savills research chief.
By Lucian Cook
Major agency reports ‘more uneven’ trading as uncertainty weighs on confidence
Winkworth says H1 sales remained resilient while lettings were largely unaffected by the Renters' Rights Act.
By PrimeResi
Rare St George’s Hill plot goes for record sum
Agents seal off-market deal for unconsented site after three-year pursuit.
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