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Published: 04 December 2022

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The last week of September marked a turning point for the prime London housing market. The market was not immune from the political and economic turmoil arising from the minibudget. As we noted last month, sales fell through, properties were withdrawn from the market, and price reductions spiked. The caution has continued into October with some mixed signals.

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Published: 11 October 2022

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The events of the last two weeks have added an unwelcome degree of uncertainty to the UK’s economy and housing markets. Prime London has not been immune to that uncertainty with evidence of more cautious buyers. Sales falling through, properties withdrawn from the market, and price reductions all spiked in the week following the mini budget. But the fallout has also created an opportunity for some, with new instructions rising and the number of properties under offer both higher than the same period last year. Meanwhile, the weakness of the pound may encourage some international buyers to take advantage, potentially offsetting some of the challenges facing the more mortgage dependent markets across the rest of the UK.

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Published: 15 September 2022

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On Monday 19 September the nation will gather to reflect on the long and happy life of the late Queen Elizabeth II on the occasion of her funeral. 

As a mark of respect, Hoffen West will be closed for the day reopening on Tuesday 20 September at 0900.

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Published: 08 September 2022

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The housing market across prime London continues to record rising prices (up 4.2% over the last year) and robust transactions (11.6% higher than prior to the pandemic. However, there are growing concerns about the challenges facing the wider economy and the broader housing market. While these may not immediately affect the prime London market, it is something that we will of course be keeping an eye on as we head into the winter months