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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Savills launches London-based Spanish desk
Maria Santurio to lead new hub connecting global clients with key markets across Spain.
Fund snaps up Foster + Partners scheme in major Mayfair swoop
The £1.1bn investment play includes a key development site between Barlow Place and Grafton Street, along with a high-profile Grosvenor Square hotel.
New leadership for the Savills Private Office
Rory McMullen joins Alex Christian as co-head of the property consultancy's specialist global HNW team.
Jennings steps up to lead Chestertons’ resi business
Adam Jennings has been promoted to Head of Residential, in charge of the London estate agency's sales & lettings teams.
Forbes Gilbert-Green lands Property Vision veteran Connell
Seasoned London buying agent joins boutique property advisory firm after two decades at PV.
In Pictures: Canal-side mansion in Little Venice seeks £16.5mn
Grade II listed stonker on Blomfield Road is the complete package, say agents.
‘Our task was to act as both storyteller & swordsmith’: On reuniting two Belgravia townhouses into a grand family home
Tiam Architects walk us through a big project on Chester Row.
Success storeys: Top four development sales launches of last year revealed
Difficult market conditions haven't held these 'landmark' central London schemes back.
Anatomy of a market: Prime Central London explained in 10 charts
A data-led look at activity and pricing across the capital's £3mn-plus sector.
The main risk for the housing market now is political – Knight Frank
Lower mortgage rates should underpin demand, but this week's by-election outcome may shape sentiment, explains the agency's head of UK resi research Tom Bill.
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Property prices are already ‘bunching’ around new mansion tax thresholds
'Some sellers are adjusting asking prices downwards,' reports big agency, as pricing strategies adapt to keep properties below the £2mn mark.
St James’s Square trophy emerges from five-year ultra-luxe overhaul
Developer Henigman says freehold Lutyens mansion offers 'rare, generational opportunity to own one of the world’s finest residences'.
My Property Career: Quickfire Q&A with DDRE’s Oliver Ingles
Recruitment guru Barry Collins chats with prime resi industry leaders & entrepreneurs, distilling decades of experience & career highlights into 60 seconds.
Balearics reject foreign buyer ban
Proposal to prevent non-residents from buying homes on the islands fell at the first legislative hurdle.
‘Positive momentum to continue’ through the first half of the year, predicts mortgage broker
Alexander Hall is bullish about housing market activity in the next few months at least.