PCL prices continue to fall, but there’s ‘early evidence’ of a transaction uptick
"It would be premature to suggest a recovery is underway" says Knight Frank
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‘Relative stability’ over the Summer as house prices continue to climb
UK HPI indicates +8.4% annual property price inflation
Weakness in PCL demand ‘to continue until at least September’
Six weeks on from the election and the capital's supply and demand levels remain way off-kilter, according to these reports from buying agents on the prime front line...
Exchanges down and fall-throughs up but plenty of new applicants and stock for Chestertons
Chestertons has reported a 20% drop in the number of exchanges it put through in Q1, along with an 11% rise in the number of fall-throughs, compared with Q4 2014.
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Brokerage pulls off £48mn Belgravia hat-trick
Big-brand agency defies tough market conditions to complete three super-prime deals in as many weeks, as younger international wealth turns its attention to one of PCL’s traditional strongholds.
Strutt & Parker recruits PCL heavyweight to head Knightsbridge & Belgravia office
Jonny Fieldman has moved from Knight Frank to lead Strutt's Sloane Street operation, as the agency continues a high-level hiring spree in the capital.
Knight Frank adds four more London brokers to affiliate network
Latest recruits take on key patches across South West, West and North London as agency presses on with rollout of its US-style broker model.
‘The industry is changing dramatically’: Russell Simpson’s Bertie Russell on growing the family business & the future of prime agency
INTERVIEW: PCL agency boss discusses carving out a place between the corporates and brokers, pushing into new prime London markets and keeping the boutique edge.
£13mn Wentworth trophy home sparks competitive bidding
Agency reports ‘robust’ demand for best-in-class homes as British buyer snaps up standout new-build residence on the exclusive private estate.
Savills profits jump 47% despite UK resi slowdown
Boss Simon Shaw is 'delighted with the significant improvement in performance' - although the UK residential business saw revenue & profits decline in H1.
London’s super-prime market goes into summer recess
Latest LonRes Data: Under-offer numbers halve as £5mn+ deals and new instructions fall sharply amid 'uncertainty and a lack of urgency'.
Malins Group rolls out private client arm
Property group launches new division for owners restoring, remodelling and creating ‘exceptional’ homes.
New price benchmark set at Marylebone scheme
Warwick Investment project nears sell-out after one-bed pad achieves more than £2,000 per sq ft.
Big London agency reports 22% drop-off in buyer registrations
Chestertons flags steepest annual fall in prospective buyers since last November amid political and tax uncertainty.
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Required Reading: Government rewrites planning rulebook
The revised National Planning Policy Framework has landed, heralding some significant changes to England's planning regime. Here's what prime resi professionals need to know...
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