The king is dead, long live the king: LonRes' Anthony Payne on the half-comm market
Throughout the many ups and downs of recent decades, the inter-agent market has prevailed - and those who have embraced it have tended to do rather well, says the LonRes MD.

Anthony Payne co-founded LonRes with William Carrington in 1999. He began his property career in a small North London estate agency in 1984 before moving to the Chelsea office of Mayfair based Beauchamp Estates in 1985 where he worked until 1997. In 1997, he joined PKL, a sizable rental agency (subsequently bought by Countrywide) where he built a successful sales and investment department specialising in investors based in the Far East.
Prime London’s sales market slowing as buyer confidence ebbs – LonRes
The market has cooled significantly in 2023 - and now there's even a chill running through the top-end of the market.
The pandemic boom is over for most of the Prime London housing market – LonRes
Activity levels are finally settling down across the prime postcodes, although the top-end is still going gangbusters.
Sellers are having to be much more realistic about pricing if they want to transact in this market – LonRes
Average discount to asking price hits -8.4% in Prime London, with data showing the longer it takes to sell, the bigger the cut.
Companies in this article
LonResMost read
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.
Super-prime brokerage to rev up PCL expansion with trophy Knightsbridge base
UK Sotheby's International Realty is taking over a former McLaren showroom at One Hyde Park, hot on the heels of another marquee branch opening in Kensington.
In Pictures: Inside an £18.5mn duplex at 60 Curzon, designed by De Rosee Sa
London & Lisbon-based studio delivers a mid-century-inspired, art-filled showstopper, as super-prime Mayfair scheme nears sellout.
Winkworth’s Knightsbridge office adds Mayfair specialist
George Simpson has spent the last decade working for Knight Frank.
Former boss of JLL Kensington joins Moveli
'Upper market' brokerage's latest signing will cover Cheltenham, the Cotswolds & London.
Barclays Private Bank: ‘Five signs the tide may be turning for London’s prime property market’
'The outlook remains varied,' bank tells HNW clients, but 'there are clear signs that interest is picking up at the top end of the London property market.'
By PrimeResi
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes
In Pictures: Rare beachfront mansion in Beaulieu seeks £12.5mn
1914 Arts and Crafts-style pile in 20 acres brought to market after 70 years in the same family.
Cadogan portfolio value hits £5.7bn as Chelsea blooms
Great Estate reports 16.6% boost in operating profit and 11.8% jump in total income as investments & placemaking initiatives pay off.
Super-prime property firm expands with new lettings division
New offering from The Private Office: Real Estate will be targeting the top-end of the rental market in Surrey and the South East.
LATEST ARTICLES
Boutique agency founder moves to top-end brokerage
Moveli signs up another well-known PCL operator as platform expands its coverage across the UK.
Veteran agency boss shares 11-step formula for closing a mega-deal
Glentree's Trevor Abrahmsohn says his 'tried & tested' technique has helped bring home multiple transactions ranging up to £100mn.
400 agents join new members-only prime property network
Former Black Brick partner's venture has attracted key London players since launching last year.
Real estate branding agency expands into the US & Middle East
Noë & Associates has brought in big-hitters Christina Falzano & Sailesh Jani to drive its international growth plans.
In Pictures: Turnkey Nash townhouse in Regent’s Park pitched at £9.95mn
Grade I listed residence on Chester Terrace comes with a private cinema & roof garden.