Rightmove reports ‘a slower than usual August’
'Many sellers reacted to the summer holiday hiatus by reducing the asking prices of their properties,' says portal.
August sees ‘much larger than usual price drop’ – Rightmove
Average UK asking prices are now 2% lower than at their peak in May - but remain nearly a fifth higher than in August 2019.
Asking prices dip as buying activity falters – Rightmove
Buyer demand 'remains resilient', says property portal - but transaction numbers have fallen as higher interest rates bite.
‘The belated spring price bounce has quickly turned into an earlier than usual summer slowdown’ – Rightmove
Property portal still expects average asking prices to end 2023 2% lower than they started they started the year.
Most read
Interview: Inside Strutt & Parker’s big bet on a ‘hybrid’ broker model
Exclusive: Sales chief Claire Reynolds explains how the agency's new brokerage will operate alongside traditional offices, what the move could unlock, and what it says about the industry’s evolution.
RBKC approves 100% premium on second homes
Bills to double from 2026/27 as council moves to address £100mn-plus funding gap.
Strutt & Parker recruits Savills’ Hampstead sales head
Heritage agency boosts new broker network with senior north London hire.
The New 2% Club: Jamie Hope on pricing in Prime Central London’s leaner market
The era of the ‘comfortable 10% cushion’ is over, says boutique agency boss - today’s market rewards accuracy, not optimism.
British property mogul reportedly sells $55mn NYC townhouse
One Hyde Park co-creator is said to have sold the property after acquiring a Midtown penthouse.
In Pictures: ‘World-renowned’ Scottish estate seeks £67mn
Tulchan is one of the great Highland estates. 'The opportunity it offers is unmatched in Scotland today,' says Savills.
Why did Iran bomb Dubai? A Middle East expert explains the regional alliances at play
Andrew Thomas, a Lecturer in Middle East Studies and author of Iran and the West: A Non-Western Approach to Foreign Policy, explores 'a deliberate strategy by the Iranian government, designed to exact…
Super-prime rental deals surge in London
£5,000-per-week-plus tenancies up 8% year-on-year as internationally mobile tenants prioritise flexibility.
In Pictures: One of London’s oldest houses comes to market
Rare 17th-century survivor just off the Strand recently returned to resi use.
Big-brand agency franchise in PCL goes up for sale
Winkworth is seeking an 'entrepreneurial property expert' to take over the established hub in one of the capital’s top HNW hotspots.
LATEST ARTICLES
High-profile private members club seeks Branded Residences Director
Soho House reveals it is 'launching a new Branded Residences vertical.'
My Property Career: Quickfire Q&A with Alex Casaki
Recruitment guru Barry Collins chats with prime resi industry leaders & entrepreneurs, distilling decades of experience & career highlights into 60 seconds.
Savills forms Iberia platform
Spanish & Portuguese operations team up 'to leverage the strengths of both businesses'.
Ranked: The world’s top ‘trophy home’ markets
London falls just outside the top three super-prime hotspots, when looking at open-market listings above US$10mn.
Foxtons confirms ‘acquisition-led’ revenue growth as profits flatline
'We are making strong progress with our buy, build and bolt‑on strategy,' says estate agency boss Guy Gittins.