‘When you factor in cash and mortgaged transactions, the picture is less bleak’
Cash-based transactions are a significant part of the overall market and key in sustaining prices, notes Acadata.
Revealed: The UK areas with the highest percentage of cash buyers
The proportion of cash buyers ranges from less than 20% in Barking & Dagenham to nearly 60% in parts of Norfolk, new research shows.
Heatmapped: ‘The general picture is one of a slowing market’
The annual rate of inflation across England & Wales has slipped to 4.1%, reports Acadata, but ‘there will be no price collapse as some had previously suggested’
Ranked: The UK’s ‘cash buyer hotspots’
Cash buyers have accounted for 27% of sales recorded in the UK this year, according to new research, but the proportion in some areas has reached over half.
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Luxury agency UK Sotheby’s International Realty launches property buying arm
The London-based brokerage has already signed up private clients with a combined £300mn to spend on high-end homes in 2025.
Big-ticket townhouse sale completes in Marylebone
Buyer exchanged on 'incredible' mixed-use proposition, listed at £22.5mn, just before the Budget.
Some leasehold reforms to be enacted ‘at pace’ next year, promises government
The 'two-year rule' will end in January, but the announcement of more consultations mean major changes to the leasehold system are still some way off.
‘Game-changing’ new index promises transparency & clarity for luxury property projects
RedBook debuts 'industry-first' benchmarking tool for clients & advisors; reveals key insights into the design & construction sectors' 'world of smoke and mirrors'.
Wealth industry awards recognise top HNW advisors
UK Sotheby’s International Realty picked up the Grand Prix 'Private Client Firm of the Year' at the 2024 Spear's Awards, while Becky Fatemi was named Property Broker of the Year.
In Pictures: Manchester’s ‘most expensive completed penthouse’ seeks £3.5mn
'Our Viadux penthouses bring to Manchester’s prime city centre a level of quality and sophistication that’s usually only seen in London,' says Salboy chief Simon Ismail.
Eight Charts: Benchmarking luxury construction costs & practices
New report lifts the lid on the inner workings of the UK's high-end design & construction sectors.
In Pictures: Design studio completes ‘spectacular’ Nine Elms penthouse project
1508 London delivers a lesson in 'soft minimalism' with this ethereal creation for an international client.
Hamptons recruits SW London specialist
Russell Gooden has been named as the agency's new Head of Sales for Richmond, East Sheen, Kew & Barnes.
LonRes adds video reels as property marketing evolves
Video content has become an essential part of the marketing mix, says B2B prime London trading platform.
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Contractor signed for super-prime St John’s Wood Barracks scheme
Multiplex is aiming to complete shell & core works at Sir George Iacobescu's St John’s Wood Square development by the end of 2026.
Luxury housebuilder seeks financial support after ‘challenging year’
45-year-old firm specialises in delivering high-end family homes in London and the Home Counties.
Beauchamp recruits St John’s Wood lettings manager from Savills
Ziad Hijazi is now handling prime & super-prime rentals in north London for Gary Hersham's boutique estate agency.
Prime buyers now ‘less committed’ to moving home
But first-time buyers are more motivated to move following the Autumn Budget, according to a survey by Savills.
Rent growth cools to below pre-Covid levels across key world cities
But 'the structural under-supply of new accommodation in major cities means rents are likely to rise faster than trend levels over the next few years,' says Knight Frank's research chief.