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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Buyer exchanges on £70mn London property in pre-Budget mega-deal
What jitters? Agency ties up one of the largest super-prime sales of 2024, just days before the biggest fiscal event in years.
Survey: The prime resi sector’s hopes & fears for this week’s Labour Budget
Changes to Capital Gains Tax, Stamp Duty & non-dom status are causing concern amongst PrimeResi's panel of business leaders ahead of Wednesday's Autumn Statement.
Super-prime mansion project in Jersey seeks buyer
Currently in shell and core form, the rare new-build will be delivery turnkey to its new owners following a fit-out by a 'globally recognised' team of designers.
Kaye & Carey founders move on
Matthew Kaye and Adam Carey have closed their 21-year-old Knightsbridge estate agency, but remain in the PCL property arena.
London is ‘still by far Europe’s most mature & expensive high-end residential market’
New CBRE analysis takes a deep dive into the capital's luxury living sector, and how it compares to other wealth hubs.
New super-slim skyscraper in Dubai will ‘work with nature rather than against it’
In Pictures: Muraba collaborates with Pritzker Prize-winning RCR Arquitectes on 'daring' luxury resi project that draws on ancient design techniques.
Meriam Lock-Necrews on putting homes at the heart of Battersea Power Station’s redevelopment
Two years after the regenerated Battersea Power Station opened, BPSDC's Head of Residential shares insights into how the project created a sought-after residents' experience within a new mixed-use neighbourhood
Talking Heads: What property industry leaders fear most from the Autumn Statement 2024
Of the tax and housing proposals floated by the Chancellor ahead of this week's Budget event, which do you think would have the biggest impact on the prime property market and why?
Green light for old Hampstead Police Station development
Redington Capital and dMFK Architects have secured planning consent for the reinvention of a Grade II listed landmark building in prime North London.
Talking Heads: Property industry leaders’ Autumn Statement wish lists
What announcements would you most like to see in this week's Budget event, that would benefit the UK housing market?
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Mishcon de Reya legal & tax experts talk us through the key points & policies announced by Chancellor Rachel Reeves - including significant changes to Stamp Duty & Inheritance Tax.
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‘This Budget raises taxes by £40bn’: Reeves targets second homes, inheritance, capital gains & non-doms
Stamp Duty on additional homes is going up from tomorrow, but there's no change to CGT on residential property.
‘Frantic’ night for HNW advisors following Chancellor’s SDLT surprise
Buyers given hours to get deals over the line before higher rate kicks in - but will there be a longer-term impact on the PCL market?