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
Interview: Inside Strutt & Parker’s big bet on a ‘hybrid’ broker model
Exclusive: Sales chief Claire Reynolds explains how the agency's new brokerage will operate alongside traditional offices, what the move could unlock, and what it says about the industry’s evolution.
New leadership for the Savills Private Office
Rory McMullen joins Alex Christian as co-head of the property consultancy's specialist global HNW team.
Jennings steps up to lead Chestertons’ resi business
Adam Jennings has been promoted to Head of Residential, in charge of the London estate agency's sales & lettings teams.
St James’s Square trophy emerges from five-year ultra-luxe overhaul
Developer Henigman says freehold Lutyens mansion offers 'rare, generational opportunity to own one of the world’s finest residences'.
Forbes Gilbert-Green lands Property Vision veteran Connell
Seasoned London buying agent joins boutique property advisory firm after two decades at PV.
Success storeys: Top four development sales launches of last year revealed
Difficult market conditions haven't held these 'landmark' central London schemes back.
Property prices are already ‘bunching’ around new mansion tax thresholds
'Some sellers are adjusting asking prices downwards,' reports big agency, as pricing strategies adapt to keep properties below the £2mn mark.
Prime property listening: five industry podcasts worth tuning into
Catch up on conversations with resi insiders in PrimeResi's regular round-up, featuring episodes from Knight Frank, Russell Simpson, Strutt & Parker & more...
British property mogul reportedly sells $55mn NYC townhouse
One Hyde Park co-creator is said to have sold the property after acquiring a Midtown penthouse.
In Pictures: ‘World-renowned’ Scottish estate seeks £67mn
Tulchan is one of the great Highland estates. 'The opportunity it offers is unmatched in Scotland today,' says Savills.
LATEST ARTICLES
RBKC approves 100% premium on second homes
Bills to double from 2026/27 as council moves to address £100mn-plus funding gap.
Prime off-market network builds senior team ahead of launch
The London Broker founder Rupert Collingwood joins AgentWise as Chair, with former Trustpilot CTO Steve Garland also on board, as the WhatsApp-born platform looks to scale.
Prime London transactions dwindle as supply outpaces demand
'Activity in the property market is likely to soften as the Westminster drama escalates further,' warns Knight Frank's research chief following the Green Party's by-election triumph.
Monday Market Review: Key figures & findings from the last seven days
Your essential five-minute briefing, featuring data, forecasts and analysis from Knight Frank, Alexander Hall, Savills, Zoopla, HMRC & more...
Why did Iran bomb Dubai? A Middle East expert explains the regional alliances at play
Andrew Thomas, a Lecturer in Middle East Studies and author of Iran and the West: A Non-Western Approach to Foreign Policy, explores 'a deliberate strategy by the Iranian government, designed to exact…