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.
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