Residential transactions ‘have been considerably lower than historically’, says ONS as the official UK HPI turns negative for the first time since 2012
Industry reactions to the latest ONS/Land Registry House Price Index from Knight Frank, Savills, Foxtons, Jackson-Stops, Fine & Country, SPF Private Clients, Propertymark, and more.
Industry Reactions: UK HPI shows no change for the average house price in May
The annual rate of property price growth slowed from +3.2% in April to +1.9% in May, according to the UK's official House Price Index.
Larger homes are taking ‘considerably longer’ to sell
'One of the early underlying trends of 2023 and a direct effect of higher mortgage rates has been strengthening demand for smaller homes,' says Hamptons, as the housing market slows down.
Edinburgh house price growth turns negative for the first time in over a decade
Knight Frank expects Edinburgh's average property value to drop 10% over the next 18 months.
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Super-prime sale completes on Mayfair’s South Street
5,000 sq ft townhouse, guided at £14.95mn, attracted interest from a number of buyers.
Sale agreed on Spink-designed super-home in Kensington
11,000 sq ft contemporary mansion was guided at £27.5mn and attracted competitive interest.
Savills bolsters Primrose Hill sales team
Former model agent Gabriella Palmano has made the move from Foxtons' West End sales department.
The Standard: The inside story of Highgate’s unsold £32mn mega-mansion
Lee Koffman, Trevor Abrahmsohn and Jo Eccles have spoken with The Standard about high-profile but sticky super-prime listing in North London.
In Pictures: £6.5mn price tag for Mayfair gem with interiors by Cartier maestro
Bruno Moinard-designed pad on South Audley Street is being pitched at 'bon viveurs, socialites and power players'
In Pictures: Previewing Six Senses’ first-ever standalone resi development
New Renderings: Collaboration with UAE developer is delivering the world's tallest resi tower & a 'new chapter in ultra-luxury living'
Revealed: The PCL neighbourhoods where more than 9 in 10 homes sell at a discount
Private bank Coutts tells its clients where to unearth the biggest price cuts in the capital's Golden Postcodes.
‘Australia’s most iconic residence’ tipped to set new price record
Sydney super-home 'ranks amongst the best in the world'
In Pictures: Brace of King’s Cross penthouses pitched at £7.6mn apiece
Marquee units launched at 67-acre estate's flagship resi heritage building, Gasholders London.
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Sale agreed on Spink-designed super-home in Kensington
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‘Sentiment has shifted’ as property developers feel more upbeat
Housebuilder confidence is building, but development land 'is not changing hands at a rapid pace yet.'