Main image: Top - Aerial view of the former gasworks on Imperial Road, Fulham; Bottom - The site today, now called Chelsea Creek
Profits holding up despite a 35% slump in reservations, reports Berkeley
FTSE 100 housebuilder has blamed "The complexity and protracted nature of the current planning system and lack of clarity surrounding certain regulatory changes" for a dearth of new land acquisitions.
Winkworth reports ‘a slower sales market but ongoing strength in lettings’ as profits slide
Estate agency's pre-tax profits have slumped by 24% compared to last year, while total revenues are down 5%.
Savills profits slump as ‘obvious challenges’ hit global real estate activity
London-listed international real estate consultancy has seen pre-tax profits fall from £50.4mn in H1 2022 to just £6mn in H1 2023. But Prime Residential markets "have remained relatively buoyant".
Winkworth warns on profits as sales revenue drops 20%
"Property prices have held up reasonably well but transactions have slowed, leading to a high number of agreed sales being delayed to the second half of the year," says leading estate agency.
Most read
£81mn London property portfolio frozen
UWO granted over 85 flats as Crown Prosecution Service probes source of funds.
Lending in the Shadows: What the MFS collapse means for London’s prime property market
Is the high-profile failure of the bridging lender indicative of a wider issue in property finance, or an isolated incident - and what can we learn?
Bidder bags Belgravia duplex for under £1,000 psf
Three-bed apartment between Eaton and Sloane Square sold at auction last week.
Knight Frank toasts £1bn sales milestone at King’s Cross
Agency closes out long-running sales programme at 'transformational' 67-acre regen scheme.
South Ken Station’s mixed-use redevelopment ‘gathers pace’
Property developer Native Land is working alongside TfL and Places for London, to deliver 50 new homes and revamp the PCL transport hub.
Opinion: Lucian Cook on what recent global & economic events mean for the housing market
Savills' research chief analyses the ramifications of rising inflation & international tensions on the UK's prime and mainstream property markets.
‘State of the art’ Kensington townhouse with high-level heritage seeks £16.75mn
This Victorian home raised the game with one of the world's first hydraulic passenger lifts.
In Pictures: Inside Gunter & Co’s £9.6mn apartment at 60 Curzon
London studio joins roster of designers at the 32-home Mayfair scheme, where sales recently topped £270mn.
Where next for Europe’s branded residential sector?
Scheme numbers set to more than double by 2032 as brands ramp up expansion - but growth is being outpaced globally, new analysis shows.
FT: Meet the TikTok realtors selling £20mn mansions on their socials
The Financial Times profiles eight super-prime dealmakers using social media to build business.
LATEST ARTICLES
Real estate powered Dubai’s rise as a magnet for expats. Can its brand survive this war?
Professors Hassan F. Gholipour & Mohammad Reza Farzanegan explore the rise and potential fall of one of the world's leading luxury property centres.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes
Lanesborough launches in-house debt & capital advisory business
Nicholas Shaw & Henry Browne have teamed up with Marc Ahearne to create Lanesborough Capital.
Huge construction loan for super-prime Beverly Hills development project
Advisors claim 'the largest non–data centre construction loan ever secured for a mixed-use project in the United States.'
Georgian office-to-resi project in Bloomsbury heads to auction
Planning was granted last year for the conversion of the Grade II-listed gem on John Street.