New instructions are still falling, but vendors are pricing more realistically
'Although there are signs of greater realism on pricing from vendors, there is little conviction ... that activity in the housing market will pick-up anytime soon', warns RICS Chief Economist Simon Rubinsohn
UK house prices likely to drop 13% this year as incomes tumble, predict economists
A looming "shortfall in incomes has a tremendous potential to disrupt the UK’s housing markets", warns the Centre for Economics & Business Research.
By PrimeResi
‘The end of the cycle’: House price inflation to slow, predicts Hamptons
"We’re more likely to see a continuation of modest price growth, such as we’ve witnessed during the last five years, rather than a boom followed by a bust," says Hamptons, as it forecasts the start…
By PrimeResi
Property transactions to plummet by 38% this year, predicts Knight Frank, but PCL prices are set to surge in 2021
Over half-a-million property sales will be "lost" due to the Coronavirus lockdown, predicts Knight Frank, but prices are likely to "recover sharply" once restrictions are lifted.
By PrimeResi
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Lai among senior hires as UK Sotheby’s bolsters PCL line-up
Brokerage's recruitment drive continues as top-end operators join from firms including YOUhome and Chestertons.
In Pictures: Soho House founder’s private Scottish island hits the market with £10mn eco-lodge plans
Inchconnachan has been listed for sale at £3mn as-is, or at £10mn for a turn-key luxury retreat delivered under the 'direction & vision' of hospitality maven Nick Jones.
By PrimeResi
‘Absolutely brutal pricing’ now the only way to get activity, says top PCL agent
Winkworth flags 'major reset' as market adjusts to a new reality.
Knight Frank notches up £173mn of prime country sales in Q1
Correctly priced homes are still attracting competitive interest despite an uncertain backdrop, says agency.
Jo Eccles: Overconfidence is costing buyers in the core market
Eccord's MD runs through three key themes in the PCL market this month, including a disconnect between buyer expectations and reality - and why it's becoming harder to correctly interpret pricing.
By Jo Eccles
Interview: Knight Frank’s Peter Mayo on the changing role of auctions in the prime market
Agency's auctioneer and partner discusses outdated misconceptions, unusual lots and why more discretionary sellers are turning to the gavel.
‘This is not the time to put on a brave face’: London property advisor urges financial candour from homeowners
Farnaz Fazaipour has some advice for HNW home-owners who 'bought into the hype cycles' of 2005, 2007 & 2014.
By PrimeResi
Landlord exodus ‘overestimated’ says property portal as major rental reforms come into play
Yet data from both OnTheMarket and Savills confirm a clear rise in sales of former rental homes.
By PrimeResi
‘Luxury assets may be about to turn a corner’ – Knight Frank
The global luxury investment market appears to be stabilising after a 'volatile decade' for art, wine, jewels and the like.
By PrimeResi
Sobha unveils plans for 38mn sq ft Abu Dhabi debut
'City within a city' masterplan marks developer’s first major resi play in the UAE capital.
LATEST ARTICLES
Coutts flags ‘deep value’ in PCL heartlands as discounts hit seven-year highs
King’s bank points clients towards historic neighbourhoods still trading more than 20% below peak, as performance continues to diverge across the prime postcodes.
£23.5mn price tag for SHH-designed Little Venice villa
In Pictures: Grade II listed specimen has been fully reworked and kitted out with a subterranean wellness complex.
Park Lord brings in ex-JLL & Foxtons duo
Sebastian Born and Alexi Earl join Joshua Marks' Mayfair-based brokerage.
Cotswold agency makes trio of senior appointments
Ben Rymer, Henry Coram-James and Russell Taylor have recently joined Butler Sherborn.
By PrimeResi