‘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'.
By PrimeResi
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.'
By PrimeResi
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.
By PrimeResi
Companies in this article
Benham & ReevesMost read
Knight Frank rolls out new commission and pay structures
‘Significant evolution’ across estate agency business includes new performance incentives, as 130-year-old firm looks to 'provide visibility over earning potential'.
Ranked: Britain’s top 10 prime & super-prime property agencies by market share
Savills leads for £1mn+ listings, but is just pipped by Knight Frank in the super-prime arena, according to a specialist marketing firm's analysis.
By PrimeResi
Trio of agents appointed to lead sales at REDD’s One Palace Green
Super-prime resi scheme overlooking Kensington Palace Gardens is set to complete this summer, delivering a collection of top-end apartments priced from £15mn.
St John’s Wood Square marches towards launch, hitting major construction milestone
The former barracks site in NW London is being transformed into a 120-home super-prime scheme by a team led by Sir George Iacobescu.
Knight Frank doubles down on super-prime lettings amid ‘surging’ top-end demand
Agency appoints new Co-Head of Super Prime Lettings for PCL as globally mobile UHNWIs continue to drive activity above £5,000 per week.
Rich List 2026: Britain’s 50 wealthiest property tycoons
Annual rundown of Britain’s richest families and individuals puts combined wealth at £784bn - up slightly on last year - but shows more UHNWIs are now based overseas.
Top-end brokerage tests auction route with Grosvenor Square penthouse
Mayfair duplex once asking £22mn returns with an £11.5mn opening bid via a rarely used super-prime sales process.
After Starmer: Becky Fatemi on the property stakes in Labour’s leadership contest
The UK does not need to be the lowest-tax country to attract wealth, but it does need to feel steady, warns luxury brokerage chief as buyers & sellers brace for renewed uncertainty.
By Becky Fatemi
Battersea tower decision ‘extremely disappointing’, says developer
Appeal dismissed over controversial Farrells-designed scheme beside Battersea Bridge; Rockwell laments rejection of ‘great addition to London’s skyline’.
‘Truly best-in-class’ Eaton Place trophy seeks £37.95mn
Agents are billing this Belgravia behemoth as the 'pinnacle of London luxury living'.
LATEST ARTICLES
London rental market momentum ‘unimpeded’ by Renters’ Rights legislation
Foxtons' lettings boss says 'applicant numbers have spiked, supply is strong and budgets are holding firm.'
By PrimeResi
In Pictures: 300-year-old Berkshire estate with royal roots & working vineyard hits the market
1705 mansion in 146 acres 'captures the English countryside dream’, say agents.
From sweet spots to sticking points: How property taxation is reshaping the UK’s prime markets
IN DEPTH: Analysis by Yolande Barnes and Middleton Advisors points to widening gaps between high-friction and low-friction parts of the market - and the implications for pricing and liquidity.
Luxury property auction firm launches super-prime home furnishing service
Concierge Curated 'directly responds to rising demand for move-in ready, fully furnished luxury properties.'
By PrimeResi
May ‘could prove one of the more interesting buying windows of the year’ – Garrington
'Correct pricing is now what brings serious buyers to the table,' says buying agency.
By PrimeResi