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.
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Developer sought for ‘iconic’ Chelsea cinema site with prime resi potential
The Grade II listed former theatre & cinema features a prominent Art Deco façade on the Fulham Road.
Green light for new Valouran & Marcus Cooper Group project in Knightsbridge
Luxury developers' revamp of a grand townhouse & mews promises to 'set a new benchmark' for the prestigious PCL neighbourhood.
Dexters buys another London estate agency
'This expansion marks an exciting step forward in strengthening Dexters’ presence across South London,' says prominent property firm as it opens two new branches & acquires James Alexander in Norbury.
Knight Frank bolsters super-prime lettings team with Strutts high-flyer
New KF partner Joss Hatcher-Davis spent nearly a decade at his former agency, and was consistently ranked as the highest biller.
Agency claims ‘dominance’ in super-prime Surrey with 75% deal share
Knight Frank highlights six big-ticket sales in the Home Counties, arguing that rising buyer interest in Surrey 'could be an indicator of a widespread market resurgence, marking the ground zero of the…
Knight Frank celebrates successful Wealth Report launch & media campaign
The property firm's flagship research report was unveiled in front of 300 private clients & their advisors last week, and has generated more than 1,000 pieces of media coverage so far.
US buyers dominant in PCL as government sends mixed signals to foreign investors – Knight Frank
Stability could be the UK’s strength right now, so it feels like unfortunate timing to be replacing our non-dom tax regime with something less competitive, says research boss Tom Bill.
Agency serves up hi-spec Wimbledon mansion for £10mn
The recently built residence, which has a zero on-site carbon operating footprint, is being billed as 'the ultimate in modern luxury'.
After the goldrush: Mayfair’s luxury new-build supply dwindles as development boom fizzles out
Planning restrictions & rising construction costs have driven a major shift in London's most exclusive neighbourhood.
Auriens brings in boutique estate agency for 2025 sales push
Luxury later living operator announces 'strategic collaboration' with longstanding firm in Chelsea.
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Luxury brokerage recruits another raft of top agents to drive SW London expansion
Fast-growing agency United Kingdom Sotheby’s International Realty confirms quartet of 'stellar' hires, including some big names from Knight Frank.
After the goldrush: Mayfair’s luxury new-build supply dwindles as development boom fizzles out
Planning restrictions & rising construction costs have driven a major shift in London's most exclusive neighbourhood.
Only three new £1mn+ property markets created in the last year
Stubbornly high mortgage rates mean fewer £1mn housing markets are being created, writes Tom Bill as Cambridge, Chichester & Winchelsea join the seven-figure club.
Rental growth ‘grinds to a halt’; reverses in London
UK rental values are rising at the slowest rate since September 2020, says Hamptons, dragged down by falling prices in London.
Landlords dominate UK Ltd company landscape
Hamptons estimates that 70-75% of new buy-to-let purchases now go into a company structure.