Property sellers are ‘slashing’ asking prices within weeks of first listing to entice buyers
'It’s a challenging landscape for sellers at present,' says Yopa, explaining: 'Higher mortgage rates have caused buyer numbers to dwindle and this has very much transferred the balance of power from seller to buyer.
Property prices to bottom-out in 2024, predicts JLL
Property firm expects 'a gradual improvement in the economy' and highlights 'a positive outlook for the residential sector' - despite a 'significant undersupply of homes' that's set to 'worsen further'…
Ranked: Britain’s strongest buyers’ Vs sellers’ markets
Bristol dominates a list of areas where homes are selling fast, says Rightmove, while London enclaves (including Knightsbridge) are the top sellers' markets.
Prime London property sellers are willing ‘to let properties go cheaply’ – Coutts
38% of prime London property listings have had their asking price reduced, which Coutts bank says "demonstrates the continued willingness of sellers to let properties go cheaply and take the income available,…
Most read
Luxury hotel group Maybourne recruits Walsh to lead ‘ambitious’ branded resi drive
Owner of Claridge's, The Berkeley & The Connaught brings in The OWO's former sales chief to lead global branded residential strategy.
Knight Frank boosts PCL lettings team with senior hires
Agency recruits seasoned operators from Hamptons & CBRE for key roles in Chelsea & Knightsbridge.
Deal sealed on rare penthouse overlooking Regent’s Park
Boutique firm tucks away 4,000 sq ft spread at close to its £7.5mn guide as part of £30mn deal run.
London property ‘no longer a safe bet’, warns top wealth manager
'The London property boom is well and truly over,' declares Rathbones
Historic St John’s Wood school building set for luxury resi revival
Swift consent secured for MWA-designed plans to restore former residence & studio of the artist John O’Connor.
Super-prime St John’s Wood mansion finds a buyer
Trophy home on Hamilton Terrace sold 'within a few months' of being listed at £20mn.
Jamie Hope: Uncertainty is the only certainty we have
'Buyers are looking at the market through an ultra-cautious lens,' but boutique agency boss still sees positive signs.
Indie estate agency Wilfords branches out in SW London
Boutique firm adds to its growing network with a new base close to Clapham Common.
International luxury brokerage launches, promising ‘a new era of property marketing’
Led by former Nest Seekers boss Daniel McPeake, London-based Aperture Global UK wants to 'set a bold new standard for how prime properties are represented.'
‘A market in transition’: Inside London’s evolving luxury resi development scene
New report reveals how policy, branding & global demand are reshaping the next phase of the capital’s ultra-prime development cycle.
LATEST ARTICLES
£10mn price cut for trophy Knightsbridge penthouse
Ultra-prime residence at The Knightsbridge has been relaunched at £70mn.
Super-prime Notting Hill development opp seeks £12mn
Buyer sought for standout freehold property with "one of the most ambitious planning consents in the area".
Earls Court regeneration ‘will deliver £3bn a year to the local economy’
New analysis talks up the ambitious & long-playing Delancey-led development project in West London.
‘Business as usual’ says Zoopla owner after sale speculation
Private equity firm has reportedly hired investment bankers to 'examine options' for UK property portal & tech assets.
Real estate investor recruits trio to drive European growth
Maya Capital is looking to expand across the UK, Italy, Germany & France.