Real estate stock market IPSX begins ‘wind-down’
The International Property Securities Exchange says it no longer has “sufficient financial resources to operate as a Recognised Investment Exchange”.
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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".
Ranked: Britain’s ‘most-recommended’ estate agency brands
New analysis reveals the UK's most recommended national estate agent brands, by customers who have used them.
Fast-growing Yorkshire estate agency launches ‘premium’ lettings service
North Residential broke away from Knight Frank to become an independent estate agency last year.
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Knight Frank brings in ex-CBRE director for new board-level role
Agency appoints Mike Knowles as Head of Lettings Business Development as part of wider lettings restructure.
Cluttons appoints top market analyst to lead resi business
Well-known research chief and former journalist steps up to lead major agency's residential division.
Luxury brokerage declares £1.3bn in H1 sales
Overseas buyers accounted for 52% of the UK agency's deals, while new instructions topped £2.3bn.
Art Deco gem in Notting Hill sells in off-market deal
'Landmark' £16mn residence was once owned by legendary soul singer Dusty Springfield.
des Forges: ‘When the London market turns up, it turns fast’
In Pictures: Top agents and designers gather in Knightsbridge to discuss the capital's prospects & evolving HNW trends.
UK Sotheby’s launches US buyer advisory
Veteran broker Jim Bell joins the Mayfair-based firm to help wealthy Americans navigate the UK's prime resi market.
In Pictures: Grosvenor Square emerges from £25mn redesign
Mayfair's historic public gardens to re-open after a significant revamp.
Knight Frank promotes 129
UK business names 18 new Partners in latest promotions round.
Financial Times: Is Rightmove taking us for a ride?
Influential journalist Jonathan Guthrie investigates the property portal's dominance, fees & standing in the industry.
Lucian Cook: Tax speculation returns but all of the complexities remain
Despite much chatter, 'the matter of whether [Andy Burnham] would pursue a substantial overhaul of property taxation remains one of conjecture,' counsels the Savills research chief.
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Savills: Prime landlords reassessing rents as costs mount
Many are reviewing rental values and adjusting portfolios in response to growing regulatory, tax and borrowing pressures, says agency.
Foxtons warns of sharp profit drop; prepares for ‘a prolonged lower transaction volume environment’
Estate agency says 'trading has been adversely impacted by the prolonged downturn in the sales market, as well as short-term volatility in the lettings market.'
Branded residence boom hits new heights as $200mn Aman penthouse finds buyer
Unfinished Beverly Hills residence is reportedly under offer at more than five times LA's current condo sales record.
My Property Career: Quickfire Q&A with Matt Staton
Recruitment guru Barry Collins chats with prime resi industry leaders & entrepreneurs, distilling decades of experience & career highlights into 60 seconds.
London’s Burning: Ollie Marshall on why reports of the capital’s demise are greatly exaggerated
The city has survived plague, fire, war and terrorism over the centuries; a few gloomy forecasts aren't about to finish it off, says top buying agent.