Rising interest rates & cost of living ‘yet to impact’ prime property buyer budgets
“With the market as competitive as it is, motivated buyers can ill afford to reduce budgets, despite rises to mortgage rates and household bills," says Savills.
Prime London buyer demand is running 72% above the five-year average, while property supply is 12% down
Prime London Market Snapshot: Knight Frank's latest indices tell of a significant mismatch between property supply and demand in both the sales and rental markets.
UK house price growth to slow as cost of living bites – Knight Frank
House price inflation is likely to "unwind" back to single figures across the UK, predicts Knight Frank, although Prime Central London is set for higher price growth as global travel resumes.
Five factors shaping prime property demand right now
Savills' latest buyer and seller survey highlights how prime property buying intentions are evolving.
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Lomond buys 60+ branch London agency KFH
'It's a big one,' says CEO Ed Phillips, as Lomond makes its first business acquisition under new backer ICG.
Savills expands Private Office in London & Dubai
Commercial real estate specialists James Purdon and Edward Price join the consultancy's elite cross-border network.
Boutique luxury developers secure consent for ‘landmark’ Notting Hill scheme
Echlin & Bodker have been given the green light to create six luxury townhouses & two apartments on Lansdowne Walk.
Prime Central London property prices likely to fall 4% next year, suggests Savills
Top-end residential markets are set to under-perform mainstream UK housing, says top consultancy.
Prime London buying agency reveals top deals from £120mn year
'It is 100 per cent a buyers’ market', says Black Brick boss, trumpeting the firm's biggest acquisitions of 2024.
Trio of seasoned agents join The London Broker
Expanding high-end brokerage signs up Adam Carey, Silvina Paz & Ryan Steenfeld-Kristensen.
Why London’s Golden Postcodes are still a safe bet for UHNW buyers in uncertain times
Fresh forecasts released this week have predicted another challenging year ahead for the PCL property market. Yet, as buying agent Toby Downes explains, the world's elite purchasers are thinking big-picture.
US & Middle East super-rich behind nearly half of £20mn+ London property deals
American & Gulf billionaires dominating PCL's trophy home market, with UK buyers making up just 10% of top-end deals, survey reveals
Developer declares brace of penthouse sales at Lord’s View One
Asian families snapped up both available duplex homes for a combined £15.5mn, reports LandCap.
£16mn mansion changes hands in St John’s Wood
Standout family residence was secured by an international buyer in a fast-tracked deal.
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Savills adds London-based Dutch desk
Agency's new offering will cater to Netherlands-based & and Dutch-speaking clients seeking homes abroad.
DDRE trumpets ‘instrumental’ year as Netflix fame helps transactions top £320mn
Daniel Daggers' high-profile brokerage DDRE Global updates on a year of big growth, and says there is 'so much more to come'.
How rising private school fees are redrawing the country property map
Labour's move to introduce VAT is already having a knock-on effect on families' requirements and decision-making, reports buying agent Emma Seaton.
Buyer snaps up historic mews house in Marylebone Village
The Grade II listed property was being sold on behalf of the Howard de Walden Estate.
RIBA Chartered Practices push revenue past £4bn
'Architecture remains a powerhouse of the UK’s creative economy and global trade,' says RIBA President, but annual survey reveals firms are facing tighter profit margins amid rising costs.