Market Pressures
"Sales activity in London is weak, and this has implications for developers and future housing supply. For every home buyer with a mortgage, affordability has been severely impacted by heightened interest rates."
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"Sales activity in London is weak, and this has implications for developers and future housing supply. For every home buyer with a mortgage, affordability has been severely impacted by heightened interest rates."
"Cash buyers have supported activity across prime London, but the market remains price-sensitive as buyers’ budgets have come under pressure. As such, sellers who are most prepared to be realistic on price will likely garner the best end result"
"Looking back at the property headlines in 2023 so far, you would be led to believe that wealth and investment had deserted the UK, and the property market had halted. But there is a marked difference between the headlines and reality when it comes to prime central London property today."
"Our data-focused approach details the latest price and transactional activity, while providing valuable historical context to these movements."
"In the first half of 2023, global prime residential markets saw a continued slowdown in activity, with capital values rising by just 1.1% across the 30 cities included in the Savills World Cities Prime Residential Index during the first six months of the year."
"There’s been plenty of activity in the rental market in 2023 so far, with a steady stream of supply matched by tenants looking to put down roots in central what London."
"Our agents discuss what makes prime central London districts and micro-hoods so desirable."
"Whilst trying to predict what will happen to the prime housing markets has been something of a juggling act during the past few years, it seems that now there are more spinning plates than ever."
"Recent further increases in the cost of mortgage finance are likely to put further pressure on prices in the more mortgage dependent parts of prime London"
"Price growth stabilises across prime London following a dip at the end of 2022. But realistic pricing will be crucial to maintain momentum and activity this year"