UK housing market ‘returns to growth’ with £88bn spent in Q2 2024
Savills research highlights a resurgence of mortgage lending and the highest level of first-time buyer activity in eight years.
UK housing market ‘back to its pre-pandemic size’
Savills estimates the total value of the UK property market contracted by 21% in the year to March, falling back to 2020 levels.
Total value of UK housing stock falls for the first time since 2012
London saw the biggest decline in total housing wealth of any UK region last year, says Savills.
‘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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Knight Frank names new Senior Partner & Group Chair
Rory Penn is to succeed William Beardmore-Gray at the helm of the global property consultancy in April 2027.
Bentry lines up super-prime play in Hampstead after pre-Budget swoop
Investor-developer sees off strong competition to secure landmark Edwardian mansion for £16.4mn; plans to deliver around 50 top-end apartments as part of grand 'Sandringham-style' residence.
Lomond recruits Druce & Foxtons alumnus as new COO
Neil McGimpsey succeeds Lucy Jones, who is stepping down after a five-year stint.
London house prices to flatline until 2028 as prime markets ‘remain subdued’
Leading estate agency forecasts a property market 'power shift' as the capital's recovery is 'delayed' & regions significantly outperform.
Strutt & Parker brings in Madison for PCL expansion drive
Heritage estate agency recruits top-end operator - the latest in a run of high-profile hires - to extend prime market coverage as part of 'ambitious' growth strategy.
Rare Bayswater development opp sells for £21mn
Former office building came with consent for a 17-unit apartment scheme designed by Ross Alexander Lambie Architects.
High-value sales jump as Budget clarity brings ‘short-term relief’ in Prime London
£5mn-plus exchange volumes were 21% above the five-year norm last month, although PCL prices recorded their steepest annual fall since 2021.
Expert Panel: Prime Central London has hit a ‘critical inflection point’
Property & HNW industry leaders unpack the volatility, policy churn & changing buyer geography defining a new era for ultra-prime London.
Barnes joins UK Sotheby’s International Realty as Senior Director
Well-known dealmaker Simon Barnes has signed to George Azar & Alex Isidro's team in PCL.
Government confirms ‘developing approach’ to mansion tax valuations
Exchequer Secretary hints at how £2mn+ homes will be revalued for the new High Value Council Tax Surcharge.
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Treasury’s reliance on top-end property market exposed in new SDLT figures
Government's latest tax tinkering could be a risky move, warns Savills, given £2mn-plus deals contribute 42% of the total resi SDLT take for London.
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Accor to roll out Raffles-branded residences in Bali
28-unit scheme will be a 'showcase' for the hospitality giant’s next wave of branded projects.