Property demand drops by nearly a fifth
Estate agencies report 19% fewer house-hunters registered per branch in January 2019 compared to January 2018.
Buyer demand bounced back immediately as the property market reopened
Rightmove points to some big potential changes in the post-pandemic property market, as many people "re-appraise their housing needs".
By PrimeResi
Property demand ‘nears a seven-year low’ as ‘buyers approach the market with caution’
There was an average of 252 would-be buyers registered per estate agency branch in February, according to the NAEA. That's 18% fewer than a year ago, and 46% fewer than in 2016.
By PrimeResi
Post-lockdown surge in property demand likely to be ‘short-lived’, warns Zoopla
"Active engagement" with property listings has jumped to exceed pre-lockdown levels by some 20%, reports Zoopla - but more than four in ten would-be buyers say they have put moving plans on hold...
By PrimeResi
Most read
Rising star joins super-prime brokerage as its youngest PCL director
Chelsea specialist Jessica Moreton has made the move to UK Sotheby’s International Realty from Douglas & Gordon.
Savills installs new sales boss in Notting Hill
Dan Martin returned to the agency earlier this year following a stint at UK Sotheby’s International Realty.
‘Westminster’s fastest-selling luxury residential development’ reaches completion
With 70% of apartments sold before completion, Native Land heralds 'not only a design triumph but a commercial success' at 100 George Street.
By PrimeResi
Beyond interior design: St George MD on rethinking the role of the showhome
Marcus Blake talks us through the Berkeley Group developer's new creative direction, and shows off its first completed in-house design effort.
By Marcus Blake
Property industry reactions: Tories pledge to ‘abolish’ Stamp Duty
Stamp Duty is 'a bad tax, an un-Conservative tax', says Kemi Badenoch.
By PrimeResi
Homes of the Rich & Famous: Celebrity-owned properties sell twice as fast as ‘normal’ listings
An A-list occupant can generate a huge buzz for a new instruction, reports Beauchamp Estates, but the effect on the property's value is less obvious.
By PrimeResi
Five-star Belgravia project sets London price records
The Peninsula London has reportedly proved popular with billionaire buyers from the United States.
Grosvenor names new UK CEO
Jamie Whitty-Lewis has been promoted following James Raynor's move to lead the international property business.
By PrimeResi
Blue Book partners with French heritage property agency
Specialist agency announces first international tie-up, creating 'a joint Anglo-French platform for historically & architecturally significant property.'
By PrimeResi
Sotheby’s International Realty debuts in Abu Dhabi; closes record-breaking penthouse deal
George Azar’s expansion drive continues as luxury brand targets 'one of the world’s most exciting real estate markets'.
LATEST ARTICLES
Chestertons bolsters London super-prime lettings team
Big-brand estate agency eyes 'strategic growth' in top-end rental sector with new Head of Super Prime Lettings.
By PrimeResi
‘They want to come back’: Wealthy expats are holding onto London homes, says brokerage boss
UK Sotheby's International Realty's George Azar reveals the firm's latest sales figures, and says the capital's luxury housing market could rebound 'within three years' if the government rethinks its policies.
No such thing as bad publicity: On navigating negativity, noise & nuance in Prime London’s property market
Beyond the algorithm-driven echo chambers, prime buyers remain focused on quality and long-term value, report Richard & Sophie Rogerson.
Nest Seekers ramps up UK expansion with new recruitment campaign
Global brokerage unveils plans to grow its London team from new Pall Mall HQ.
Prime country house market ‘gains momentum’ as prices fall
Average country house prices have fallen -5.4% in the last year, reports Knight Frank - but the agency has seen a +9% increase in the number of offers accepted.
By PrimeResi