Nearly of half of UK property sales have been hit by down valuations in the last year
A London estate agency has estimated that nearly 400,000 residential transactions across the UK have been hit with a down valuation in the last year - including 59% of transactions in the capital.
What to read next
£5m+ sales hit a seven-year high in PCL
142 property sales above £5 million were recorded in Prime Central London in the first four months of this year, reports Savills, with a combined value of £1.42 billion.
‘A turning point for house price growth’: Pandemic property boom to ease next year, but ‘no sign of a cliff edge’
2021 is set to be the UK property market's strongest year since 2007, both in terms of sales volumes and house price inflation, according to Zoopla.
‘The property market resembles a half-drunk cappuccino – still hot but the froth has gone’ – Garrington
National buying agency Garrington has updated its look, flexing a new logo (below) and new corporate colours in its latest market update.
Most read
PCL heavyweight Willis joins Forbes-backed brokerage
EXCLUSIVE: Former Strutt & Parker board member signed up as Founder Partner and MD as Martin Bikhit builds out new UK luxury agency.
Billionaires’ Row mansion changes hands for £30mn
Official records reveal big-ticket resi deal on one of north London's most famous addresses.
US buyer lands super-prime pied-à-terre at The Whiteley
PCL buying agency sources off-market 3,000+ sq ft apartment at landmark Bayswater scheme, amid signs of 'real momentum' returning to the prime London market.
High-profile royal mansion heading for the private rental market?
Former home of Andrew Mountbatten-Windsor has 30 rooms and is said to cost £400k-a-year to run.
Time vs Money: Ollie Marshall on the changing calculation for Britain’s wealthy
Top buying agent on the expats who left to preserve their money - but may ultimately return to preserve their time.
HMRC wins high-stakes developer tax battle
Tax authority said £5.4mn dispute potentially had £1bn implications.
Prime London deal volumes pick up as buyers negotiate rather than walk
Latest numbers put transactions 2% above the five-year average - but it’s a very different picture depending on where you look.
Trio of seasoned London agents sign to D&G’s self-employed broker model
Tania Smith, Dinishka Jayasena & Charlie Rosling previously held senior roles with the likes of Foxtons and Winkworth.
Real Estate Legal Digest: An essential guide to the latest developments shaping the UK property market
Stay abreast of the key policies & issues impacting the real estate sector with PrimeResi's regular legal briefing, prepared by Boodle Hatfield's team of experts.
Strutt & Parker names new regional Head of Estates & Farms
Fred Cook has returned to the firm after four years with Prime Purchase.
LATEST ARTICLES
Enness Global installs new Chief of Staff
Douglas & Gordon veteran joins the HNW finance firm.
Alex Michelin: How driverless cars will reshape the property market
Luxury development chief says driverless revolution could redraw the prime London map.
Aman unveils latest branded residences scheme
Ultra-luxe hotel group expands global resi portfolio as UHNWIs maintain strong appetite for branded format.
Four Charts: Inside Surrey’s prime property market in 2026
From a 15% post-mini-Budget correction to a 56% Surrey Hills premium, Savills data reveals what's been happening in 'one of the UK's most desirable residential markets'.
National short-let register to be ‘up & running in full’ by March 2027
New timeline revealed after Central London MP chases for news, but detail remains thin.