Property Market News
Muted May for Prime London sales as buyers hold back
'Feedback from agents certainly points to a tricky market,' reports LonRes, as transactions tumble & price reductions soar.
Analysts forecast ‘brighter second half’ for London & South East markets
Eased mortgage rules & expectations of falling interest rates could help offset affordability pressures, says Acadata.
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.
PCL dealmaker Harvey Cyzer on the state of play in Mayfair’s property market
The headlines may be bleak, but sales revenue at OB Private’s Mayfair office is up 228% year-on-year - so are smart buyers seeing what others aren’t?
Prime London sales dip after stamp duty rush; £5mn+ supply hits all-time high
Latest deal numbers from LonRes suggest strong March was a one-off, while other metrics indicate 'a market without much momentum'
‘This could be the moment to act for global investors’: Evaluating the UK’s prime residential markets in an era of uncertainty
Middleton Advisors & Yolande Barnes explain why the stage is set for a renewed influx of overseas investment in PCL & country markets.
Home-buyers ‘are increasingly turning to auctions as a way of securing a property’
Savills flags a notable rise in property auction interest & activity, suggesting the pandemic-driven shift to online sales has improved accessibility & 'levelled the playing field'.
Prime lettings market returns to growth
Savills had six prospective tenants for every London rental property on its books in March.
London records worst month for £5mn-plus sales since 2008
The top end of the market took an extended Christmas break in January, reports LonRes, and is 'unlikely to return to the highs of 2021 and 2022 any time soon'.
Ireland’s prime country homes market surges by 44%
Savills reports 'robust demand' for luxury residences from both domestic & international buyers.
Prime Central London prices down by over 20% since 2014
Latest figures show declines have ranged from -9.6% in Bayswater to -26.3% in Earls Court since the peak; market now an 'attractive value proposition', says major agency.
Is this Prime Central London’s most accurate property index?
Valuation firm collaborates with real-time data firm, LSE professor & top buying agency to track market movements since 2000, reflecting location, size & tenure.