Relying on property instead of pensions could cost Britain £55bn over the next decade
The UK’s "obsession with housing wealth could be making the country poorer", argues an economic think tank
What to read next
Britain ‘set for worst decade of housebuilding since WW2’
Housebuilding numbers have fallen in every decade since the Second World War, and the 2010s are set to continue to the downward trend - despite a rising population.
By PrimeResi
Three Phases: How prime London’s property market will emerge from the Covid-19 lockdown
The ongoing Coronavirus lockdown will be followed by a "mini-boom" in prime London's property market, predicts super-prime specialist estate agency Beauchamp.
By PrimeResi
Most surveyors believe Covid-19 will drive property demand away from urban areas, high rise blocks & communal spaces
The latest RICS survey of surveyors included a question about potential shifts in the desirability of certain features of properties over the next two years.
By PrimeResi
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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.
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.
Knight Frank promotes 129
UK business names 18 new Partners in latest promotions round.
In Pictures: Grosvenor Square emerges from £25mn redesign
Mayfair's historic public gardens to re-open after a significant revamp.
By PrimeResi
Lord Snowdon’s former country retreat on the open market for first time in more than 500 years
In Pictures: An ancient house with high-society provenance seeks £3.95mn.
By PrimeResi
Behind the Schemes: How ‘invisible tech’ helped reimagine a Grade I listed Fitzrovia townhouse
Award-winning collaboration between James Gorst Architects and Mosaic Audio & Visual concealed cutting-edge systems within one of PCL's most significant heritage homes.
Rare St George’s Hill plot goes for record sum
Agents seal off-market deal for unconsented site after three-year pursuit.
First Look: Ballymore unveils Bryan O’Sullivan Studio interiors at The Capston
Developer debuts sales gallery and show apartment at Embassy Gardens' 'final chapter'.
Country house buyers hold back in third summer of uncertainty
Exchanges are down 10%, buyer registrations are down 14%, and average prices have fallen by 5% in the last year, reports Knight Frank.
By PrimeResi
LATEST ARTICLES
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.
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.
By Lucian Cook
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.
Art Deco gem in Notting Hill sells in off-market deal
'Landmark' £16mn residence was once owned by legendary soul singer Dusty Springfield.
Major agency reports ‘more uneven’ trading as uncertainty weighs on confidence
Winkworth says H1 sales remained resilient while lettings were largely unaffected by the Renters' Rights Act.
By PrimeResi