Supply improves but agents’ books ‘are still bursting with those who have missed out on previous properties’
"The amount of properties going for over the asking price is still a figure that’s over three times more than what we would see in a pre-pandemic market," says Propertymark's CEO, "but with the cost of living, energy and interest rates all looking to increase it’s possible we will start to see buyers being more cautious with their cash."
‘No sign from agents that the good times have yet ended’ – Propertymark
Estate agents "continue to report a strong, stable market," says Propertymark, with 78% of sales being agreed above asking price.
UK house price growth hits a 15-year high, but supply is starting to improve – Zoopla
Surging house price inflation has pushed 4.3 million homes into a higher stamp duty bracket since the start of the pandemic, estimates Zoopla.
Prime London Market Snapshot: Tight supply & returning demand push prices & rents up in PCL
"The property markets in central and outer London are increasingly on different trajectories," says Knight Frank, as the latest market indices shine a light on sales and lettings trends.
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Reality bites in Prime Central London as buyers step back & sellers cut prices
Recent tax changes have led to falling sales and downward price pressure across the capital's top postcodes, reports Knight Frank.
Winkworth’s Knightsbridge office adds Mayfair specialist
George Simpson has spent the last decade working for Knight Frank.
In Pictures: Rare beachfront mansion in Beaulieu seeks £12.5mn
1914 Arts and Crafts-style pile in 20 acres brought to market after 70 years in the same family.
Blockbuster debut for Native Land’s Opus as sales top £100mn
Developer reports strong early take-up at luxury South Bank tower, as five-star lifestyle offering hits the right note with wealthy buyers.
Super-prime property firm expands with new lettings division
New offering from The Private Office: Real Estate will be targeting the top-end of the rental market in Surrey and the South East.
Cadogan portfolio value hits £5.7bn as Chelsea blooms
Great Estate reports 16.6% boost in operating profit and 11.8% jump in total income as investments & placemaking initiatives pay off.
UK proptech boss named ‘future leader’ in US real estate list
ADVSR co-founder Elliot Jones recognised by Inman as London-based global marketing platform passes $15bn in listings.
Boutique agency founder moves to top-end brokerage
Moveli signs up another well-known PCL operator as platform expands its coverage across the UK.
Knight Frank promotes 170
Agency names 31 new Partners and 58 Associates across its UK business.
400 agents join new members-only prime property network
Former Black Brick partner's venture has attracted key London players since launching last year.
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