A record 50% of homes sold last year took a price cut
After a subdued 2023, Hamptons expects the supply of homes available to buy to improve this year, although 'confidence could still be vulnerable to economic shocks and global events'.
More than one in five London homes sold in 2023 went above £1mn
17,590 properties have sold for more than £1mn in the capital so far this year - which is 21% of all resi transactions.
More than half of homes sold in September had their asking price reduced
'With some sellers still holding out for last year’s prices, it’s the number of homes changing hands rather than their price that’s bearing the brunt of the slowdown,' says Hamptons.
‘London leavers’ spent 29% less on homes outside the capital in 2023
Londoners' spending on homes outside the capital has returned to pre-Covid levels, reports Hamptons.
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LonRes chief joins super-prime London estate agency
Beauchamp Estates has recruited two heavyweight names to its Board of Directors: LonRes co-founder William Carrington & finance maven Gerard Soames.
Knight Frank’s Lock-Necrews to lead Winkworth’s Knightsbridge office
Prime Central London specialist takes over national agency's high-profile Knightsbridge, Chelsea & Belgravia franchise.
Developer sought for ‘iconic’ Chelsea cinema site with prime resi potential
The Grade II listed former theatre & cinema features a prominent Art Deco façade on the Fulham Road.
Dexters buys another London estate agency
'This expansion marks an exciting step forward in strengthening Dexters’ presence across South London,' says prominent property firm as it opens two new branches & acquires James Alexander in Norbury.
Agency reports surge in Prime London deals as buyers return
Knight Frank’s sales team kicks off the spring market with its best February for exchanges in three years.
Knight Frank bolsters super-prime lettings team with Strutts high-flyer
New KF partner Joss Hatcher-Davis spent nearly a decade at his former agency, and was consistently ranked as the highest biller.
20 major London property developments seek £22bn at MIPIM
Mayor Sadiq Khan is heading to the Riviera to 'bang the drum' for more foreign investment in London's big housing & infrastructure projects.
Agency claims ‘dominance’ in super-prime Surrey with 75% deal share
Knight Frank highlights six big-ticket sales in the Home Counties, arguing that rising buyer interest in Surrey 'could be an indicator of a widespread market resurgence, marking the ground zero of the…
Knight Frank celebrates successful Wealth Report launch & media campaign
The property firm's flagship research report was unveiled in front of 300 private clients & their advisors last week, and has generated more than 1,000 pieces of media coverage so far.
Green light for new Valouran & Marcus Cooper Group project in Knightsbridge
Luxury developers' revamp of a grand townhouse & mews promises to 'set a new benchmark' for the prestigious PCL neighbourhood.
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Berkshire Hathaway HomeServices refutes reports of Compass acquisition
The WSJ suggested America's biggest brokerage could make another major acquisition. But BHHS says 'there are no discussions, negotiations, or agreements to sell HomeServices or any of its affiliated companies'.
Green light for new Valouran & Marcus Cooper Group project in Knightsbridge
Luxury developers' revamp of a grand townhouse & mews promises to 'set a new benchmark' for the prestigious PCL neighbourhood.
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Required Reading: What property owners need to know about incoming empty home Council Tax premiums
New relief exemptions only apply if the property is up for sale, writes lawyer Matt Crawford.
Cadogan recruits Capital & Regional heavyweight
New FD Stuart Wetherly has been brought in to support the great estate 'through its financial strategy and continued growth'.