Property Market News
Property market activity builds in Prime Central London
Knight Frank reports more exchanges going through above £2m, more offers being made, and more viewings taking place
London super-prime prices have fallen by 21% in five years – but ‘things may be beginning to change’
There's 'a sense of opportunity' at the very top of London's property market, reports Savills, with 'some encouraging signs of activity' in the super-prime £10m+ arena.
Asking price discounts grow as property price inflation in UK cities softens
The average gap between asking and selling prices in 16 tracked cities has widened from 3.3% in 2018 to 3.9%, according to Zoopla's latest index
Agents see more deals per branch, despite falling supply & demand
'Sales are still happening at the rate we would expect to see at this time of year', says the National Association of Estate Agents
Q1’s Brexit deadline deal ‘surge’ has subsided – LCP
There was a flurry of buyers looking to 'beat the Brexit deadline' in Prime Central London in the first few months of the year, according to London Central Portfolio - but 'this flurry appears to have …
‘Top of the ladder’ properties lead Spring’s asking price bounce
The average asking price of a new property coming to market increased by 0.9% in the last month, reports Rightmove, with four regions reaching record highs
After its longest property market downturn, Prime London ‘is beginning to find its level’
Property prices in Prime Central London have fallen for the last 19 quarters, but the Savills research team is now spying a return to positive growth -although we're still five years away from a 'normal'…
Mapped: Searching for value in Prime London
Savills: 'As the prime London market shows signs of stabilising, new areas of value are emerging while traditional enclaves retain their premiums'
Brexit & Beyond: Where next for prime property prices?
Savills' Head of Residential Research Lucian Cook considers how the Brexit pendulum will swing, and takes comfort in the longer-term view
‘Over a quarter of properties are still on the market after six months’ – Rightmove
28% of listings on Britain's biggest property portal have lingered there for more than six months; 8% have been stuck on the market for over a year...
New instructions are still falling, but vendors are pricing more realistically
'Although there are signs of greater realism on pricing from vendors, there is little conviction ..
London’s super-prime lettings surge tails off as uber-tenants take another look at buying
After two years of strong growth, Knight Frank reports a fall in the number of super-prime tenancies agreed across the prime postcodes; increasing numbers of prospective tenants are eyeing the sales market…