‘Stubborn sellers rewarded’ as gap between asking and sold prices narrows
'The house price crash that so many experts said was an inevitability appears to have been averted,' says Benham and Reeves' boss, adding that 'we fully expect the market to go from strength to strength as we move into 2024.'
Industry Reactions: Official data reveals UK house prices falling at fastest rate in 12 years
The latest UK House Price Index tells of 'a frosty end to the year', says Jackson-Stops, while buying agency Garrington says November 'was the moment the slowdown turned into a slide'.
House prices continue to fall despite improving market sentiment
'UK housing still looks expensive by historic standards,' says Zoopla, which expects prices to fall a further 2% in 2024 'as prices and incomes re-align.'
UK house prices dipped 0.7% in October; property industry reactions to the latest official data
The property market 'remains a tad lethargic with no real movement planned until the new year comes,' says one estate agency boss after checking the latest ONS/Land Registry House Price Index.
Most read
Budget 2025: The luxury property industry’s hopes, fears & expectations
PrimeResi has surveyed 50 industry leaders, including estate agency owners, sales brokers, buying agents, luxury developers, financiers, legal advisors, and more.
PCL agency co-founder joins UK Sotheby’s International Realty
George Vernon has taken up a Consultant Senior Lettings Director role at the luxury brokerage.
Buyer sought for £100mn-GDV luxury resi project in Mayfair
Agents are expecting global interest in the ‘oven-ready’ development opp on Upper Grosvenor Street.
London estate agency announces major recruitment drive
Dexters wants to take on 200 new recruits via its Training Academy in 2026.
Knight Frank appoints Head of Short Lets amid expansion drive
The high-profile agency is looking to ramp up its presence in the short-term rental market.
New sales & marketing boss at The OWO Residences
Alex Rusling will be leading sales & marketing activities at the super-prime Raffles-branded scheme in Whitehall.
‘Ambassadorial’ St John’s Wood townhouse sells for £11.5mn
A £3.25mn price cut did the trick for the Grade II listed pile on Hamilton Terrace.
Former CBRE resi chief Collins joins Kingdom
Mark Collins is now a Non-Exec Director at Raihan Jumah & Obaida Al-Ghazawi's property consultancy.
Penthouse ‘jewel’ unveiled at Chelsea Waterfront’s Powerhouse
In Pictures: Fiona Barratt-Campbell designs duplex spread atop century-old SW London landmark.
American investment boom could ‘lift London house prices’ by up to 3%
Top-end mortgage broker reports a spike in transatlantic enquiries following the recent US State Visit.
LATEST ARTICLES
House prices lower than 20 years ago across a quarter of Great Britain – Savills
While nominal prices have jumped by an average of 95% over the past two decades, analysis shows inflation-adjusted gains remain below 9%.
Former CBRE resi chief Collins joins Kingdom
Mark Collins is now a Non-Exec Director at Raihan Jumah & Obaida Al-Ghazawi's property consultancy.
Nobu moves on Miami’s luxury resi scene with Foster + Partners-designed tower
The 74-storey 619 Brickell will deliver 300 residences and the US city's second Nobu eatery.
Penthouse ‘jewel’ unveiled at Chelsea Waterfront’s Powerhouse
In Pictures: Fiona Barratt-Campbell designs duplex spread atop century-old SW London landmark.
Agency reports ‘strong buyers’ market’ as developers ‘struggle to sell new homes’
Chestertons has flagged a 'momentary imbalance of supply & demand' in the new-build sector, putting buyers in 'a particularly strong position to negotiate incentives & price reductions.'