Property Market News
PCL trophy homes renting for up to £1.3mn per year as wealthy buyers take pause
Concerns around Labour's tax policies are driving a luxury lettings boom in the capital's top neighbourhoods, reports Beauchamp Estates.
Prime London sales market in post-election bounce
Deals started flowing again last month, new LonRes data shows, but are the conditions in place for a sustained recovery?
Rich pickings for Prime London buyers as supply rises & sellers cut prices
Demand for homes is still out there but tending to be price sensitive, reports LonRes - and motivated vendors are taking action...
Long-term analysis points to ‘significant upturn in residential property market conditions’
Developers should 'act now for the best chance to capitalise on the coming market shift,' says new report, as historic data indicates we are 'close to the trough'
Revealed: The PCL neighbourhoods where more than 9 in 10 homes sell at a discount
Private bank Coutts tells its clients where to unearth the biggest price cuts in the capital's Golden Postcodes.
Q1 in Review: Prime London’s resi markets enter recovery mode
Prices picked up in the first three months of 2024 after bottoming out at the end of 2023, and activity levels are also on the rise - but caution remains the watchword.
Prime London’s top-end outperforms in ‘slow’ spring market
The £5mn-plus market has been the most active prime London sales sector since 2021, reports LonRes.
Why the price expectation gap between buyers & sellers risks widening
Rising supply and mortgage rates may increase downwards pressure on asking prices, explains Knight Frank's head of UK resi research.
UK house prices rise for fifth month in a row
Prices in London are now showing the first positive annual growth since the beginning of 2023.
There are signs of green shoots in the prime London housing market – LonRes
More offers are being agreed and new instructions are on the rise, but achieved prices have seen the largest annual fall in almost five years.
Prime property sellers prune prices in the Home Counties
Private bank flags buying opportunities in commutable locations, as reductions on £1mn-plus properties outpace London.
Industry reacts to another slide in transaction volumes
Latest figures from HMRC point to a 'subdued' performance in the final quarter, but housing experts say 2024 has started on a brighter note.