Zoopla flags ‘signs of demand weakening in high value markets’
Rising mortgage costs are likely to dampen the property market in the coming months, says Zoopla.
It's been a busy start to the year for the property market, with some 30% more sales agreed in Q1 than in pre-pandemic times.
“There are signs that the imbalance between demand and supply is starting to ease,” says Zoopla in its latest market update.
Surging house price inflation has pushed 4.3 million homes into a higher stamp duty bracket since the start of the pandemic, estimates Zoopla.
Companies in this articleZoopla
Caroline Foord has been at the helm of the high-performing KF branch in W11 for 23 years.
Anderson Rose was founded by ex-Hamptons director Jon Byers in 2011.
It may be world famous as a luxury retail destination, but Knightsbridge has emerged as the discount capital of PCL for dollar-based property buyers
Justin King CBE has been appointed Chair of London estate agency Dexters, replacing founder Jeff Doble, with a remit to 'accelerate growth from its existing London-wide network of over 70 offices.'
Edo Mapelli Mozzi's property design and development firm has formed a joint venture with Australia's Rory O’Brien to create the Masthead Ocean Club.
45 Clapham Common North Side is 'truly one of the finest Victorian homes to come to market in recent years', say agents.
Mark Pollack and Richard Bernstone's Aston Chase has capitalised on increased demand for the leafy urban villages of Central and North West London.
Top-end London property brokers are enjoying a bonanza of urgent interest from wealthy international buyers with US dollars to spend, looking to take advantage of a significant currency discount.
Christian Swaab has returned to Knight Frank as a Partner after ten years, having previously been the firm's Director of International Residential Sales in the Middle East.
London’s prime property market shows ‘signs of a slow but steady return to health’ – but super-prime sales struggle
Demand for £2mn+ homes in London continued to climb in Q3, according to analysis of property portal data, while a lower proportion of open-market £10mn+ properties are finding buyers than last year.
Former journalist Gráinne Gilmore is one of the most influential property market analysts in the business, having run research for Knight Frank, Zoopla and now Cluttons.
'Should the TV series Succession move to London, this would make the perfect home for one of the family', say agents.