The average property is selling for 96% of its asking price
Homes in many Prime Central London postcodes are selling for c.10% less than their asking prices... Fewer than 1% of postcode areas in England & Wales manage an average selling price above asking...
Property sales boom ‘is not anticipated to last’ but ‘there is no sign of house price inflation losing any steam’ – RICS
Surveyors report the widest mismatch between property supply and demand since 2013, as agreed sales numbers continue to rise ahead of the end of the Stamp Duty holiday.
By PrimeResi
Average UK and London property prices dipped by 1.1% in January – UK HPI
Official pre-virus data indicates that the annual rate of UK property price inflation fell from +1.7% in December to +1.3% in January.
By PrimeResi
Central London property transactions jump – but buyers remain ‘cautious & price-sensitive’
Winkworth has reported a 48% surge in central London buying activity (15% ahead of the five-year average), but still describes the market as "muted".
By PrimeResi
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Major prime agency installs new lettings boss
Daniel Fisher will lead the 153-year-old firm's lettings business into its 'next chapter'.
Knight Frank launches new Windsor office
Agency looks to boost presence in the Home Counties with latest addition to its network.
Prime Purchase recruits well-known Home Counties buying agent
Mark Crampton has returned to the Savills-owned buying agency.
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Rumourmill: Reeves mulls new property levy to replace stamp duty
Treasury said to be weighing charge on £500k+ homes, with council tax overhaul also on the table.
Luxury brokerage adds Chelsea, Knightsbridge & Belgravia specialist
Joe Mason has joined United Kingdom Sotheby’s International Realty as Sales Director.
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Rumourmill: Treasury considers Mansion Tax with CGT on high-value homes
The Chancellor is reportedly looking into charging Capital Gains Tax on top-end homes, and/or the prospect of an annual levy on the most expensive properties.
By PrimeResi
In Pictures: Residence One project in Knightsbridge ‘sets a new benchmark for mews living’
Reworked freehold property on Ennismore Gardens Mews is being pitched at £8.35mn.
Ranked: The cost of buying, owning & selling a $2mn property around the world
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