Properties sell faster as buyers’ minds ‘focused’ by rising interest rates – OnTheMarket
'It seems astonishing that despite macroeconomic headwinds, and predictions from many estate agents that property prices will fall next year, serious sellers and buyers alike remain keen to proceed,' says property portal OnTheMarket in its latest market sentiment survey.
The housing market ‘is slowly transitioning to a buyers’ market’ – Zoopla
            Higher mortgage rates are reducing home-buying power by "as much as 28%", warns property portal.         
    Asking prices continue to climb as some buyers pause while others rush deals through
            'The vast majority of buyers who had already agreed their purchase are still going ahead,' says Rightmove, but some buyers 'have had their plans dashed by the sudden nature of the mortgage rate rises.        
    Higher mortgage rates set to erode house price ‘paper gains’ next year – Zoopla
            'Homeowners wanting to sell in 2023 will need to be realistic on price and may have to forgo some of the pandemic price gains to achieve a sale in 2023,' says Zoopla's research director, Richard Donnell.        
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Brace of Mayfair mansions offered as ultra-prime redevelopment opp
            A luxury resi reworking of the twin Georgian townhouses on South Audley Street could deliver a £65mn end product, agents suggest.         
    Rumourmill: Chancellor ‘plotting mansion tax raid’ on £2mn+ homes
            More speculation about potential tax hikes in November's Budget event.         
    
            By            PrimeResi                        
        
        
            
            
                
                
                
            
        
    Telegraph: ‘How Britain’s most expensive house became a £250mn white elephant’
            2-8a Rutland Gate is 'a barometer of the vigour of London’s so-called 'super prime' property market', says journalist Jonathan Ford.         
    
            By            PrimeResi                        
        
        
            
            
                
                
                
            
        
    Battersea Power Station owner reportedly mulls sale
            It is suggested that BNP Paribas has been brought in to 'explore options' for the sale of non-residential parts of the landmark building.         
    
            By            PrimeResi                        
        
        
            
            
                
                
                
            
        
    Tapping the Top End: Lucian Cook on the potential impact of taxing luxury homes
            As the Treasury signals tax changes, Savills' Head of Residential Research examines their potential impact on the prime property market.         
    
            By            Lucian Cook                        
        
        
            
            
                
                
                
            
        
    Knight Frank’s Rory Penn on resilience, recalibration & finding opportunity in London’s prime property market
            Q&A: The high-profile agency's London sales chief reveals a big-ticket deal tally and shares how the business is navigating 'peak uncertainty'.         
    London letting agency under fire over Chancellor’s rental mis-step
            Rachel Reeves 'had not been made aware of the licensing requirement' when she rented-out her home in Southwark via a letting agency.         
    
            By            PrimeResi                        
        
        
            
            
                
                
                
            
        
    Property & Pre-Budget Propaganda: Charles Curran on the real effects of policy leaks & speculation
            Maskells' MD reflects on how the recent raft of terrifying predictions are impacting on activity in the prime market - and why opportunistic buyers are still pressing ahead.         
    Knight Frank concludes South of France partnership
            Agency points to ‘evolving strategic priorities’ as it announces another change to its French network.         
    Industry Reactions: Renters’ Rights Bill gains Royal Assent
            New laws represent 'seismic' changes for landlords, tenants & letting agents.         
    
            By            PrimeResi                        
        
        
            
            
                
                
                
            
        
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            Design studio Taylor Howes completes a two-year reimagining of a storied Knightsbridge residence - which is now up for sale at nearly £17mn.         
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            By            PrimeResi                        
        
        
            
            
                
                
                
            
        
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