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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Recent tax changes have led to falling sales and downward price pressure across the capital's top postcodes, reports Knight Frank.
Winkworth’s Knightsbridge office adds Mayfair specialist
George Simpson has spent the last decade working for Knight Frank.
In Pictures: Rare beachfront mansion in Beaulieu seeks £12.5mn
1914 Arts and Crafts-style pile in 20 acres brought to market after 70 years in the same family.
Blockbuster debut for Native Land’s Opus as sales top £100mn
Developer reports strong early take-up at luxury South Bank tower, as five-star lifestyle offering hits the right note with wealthy buyers.
Super-prime property firm expands with new lettings division
New offering from The Private Office: Real Estate will be targeting the top-end of the rental market in Surrey and the South East.
Cadogan portfolio value hits £5.7bn as Chelsea blooms
Great Estate reports 16.6% boost in operating profit and 11.8% jump in total income as investments & placemaking initiatives pay off.
UK proptech boss named ‘future leader’ in US real estate list
ADVSR co-founder Elliot Jones recognised by Inman as London-based global marketing platform passes $15bn in listings.
Boutique agency founder moves to top-end brokerage
Moveli signs up another well-known PCL operator as platform expands its coverage across the UK.
D&G brings in talent chief from Chestertons for UK growth drive
James Evans' firm is looking to double its headcount of self-employed brokers to 50 by the end of this year.
400 agents join new members-only prime property network
Former Black Brick partner's venture has attracted key London players since launching last year.
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Agency names 31 new Partners and 58 Associates across its UK business.
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Two-thirds of buyers offer under asking price, but only 4% of homes sell at a discount
'Buyers could be negotiating harder, although not all sellers are willing to budge,' says Barclays Bank.