Transactional Friction: Dealing with the property market’s real villain
The post-Brexit vote story is not prices, but turnover, says Charlie Ellingworth, as transactions tumble and estate agents suffer

Charlie Ellingworth started acquisition firm Property Vision over thirty years ago. He is on the board of the Cadogan Estate and a trustee there, as well as a director of other smaller property companies. He writes novels, plays and regular articles for the FT and other magazines.
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Rising interest rates and a slowing global economy top property market risk list
Rising interest rates are the biggest threat to property price performance in the UK, says Knight Frank, as it charts the biggest risk factors to the market.
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‘Almost mythical’ Chelsea estate could be worth £250mn-plus, says luxury broker
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£15mn Clarges Mayfair apartment sparks global bidding war
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Luxury property brokerage adds two more big-hitters in PCL
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Non-dom changes create £401mn stamp duty ‘black hole’ – Knight Frank
Policy shift blamed for slump in £5mn-plus deals and mounting pressure on Treasury purse strings.
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Berkeley names new Chair & CEO as profits dip
Housebuilding Plc aims for continuity leadership as Chair Michael Dobson steps down & a new ten-year strategy kicks in.
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In Pictures: St John’s Wood Police Station reworked as ‘design-led rental concept’
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