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Archive
16 July 2024
From: Breaking News
![LonRes: ‘Summer slowdown started earlier this year’](/upload/images/3%20shutterstock_1750387934.jpg)
The General Election sparked an early summer slowdown for London’s prime housing market, research suggests. Analysis of the prime London housing market...
12 July 2024
From: Breaking News
![Industry veteran joins LonRes board](/upload/images/shutterstock_1731140968.jpg)
Lomond chief revenue officer John Ennis has joined the LonRes board as a non-executive director. Ennis began his property career at Foxtons...
04 July 2024
From: Breaking News
![Veteran agent behind biggest-ever UK sale wins lifetime award](/upload/images/Shutterstock-only%20images/Property%20Market/shutterstock_1697309575.jpg)
Gary Hersham, the founder of high-end London-focussed agency Beauchamp Estates, has been given a Lifetime Achievement Award by the property data...
25 June 2024
From: Breaking News
![LonRes: Half of prime properties sold this year had price reduction](/upload/images/shutterstock_1278837049.jpg)
Almost half of properties sold in prime central London (PCL) this year had a price reduction, research suggests. The latest data from...
18 June 2024
From: Breaking News
![LonRes: Longer sales times are creating ‘vicious cycle’ of fall-throughs](/upload/images/Shutterstock-only%20images/Property%20Market/HousePrices_balancing-400x310.png)
Prime London property sales are taking longer to go through once under offer, which is creating a vicious cycle of fall-throughs,...
16 May 2024
From: Breaking News
![Prime London sold prices hit decade low but agents ‘remain busy’ - research](/upload/images/Shutterstock-only%20images/Property%20Market/DemandDown-400x310.jpg)
Average sold prices in prime London have returned to 2014 levels, research suggests. The latest market data from LonRes shows the prime...
19 March 2024
From: Breaking News
![Prime London prices drop at fastest level for five years - LonRes](/upload/images/shutterstock_1204548853.jpg)
The number of properties going under offer and new instructions are on the rise but this has yet to translate into...
16 February 2024
From: Breaking News
![LonRes: Prime London market slowed in 2023 but remains up over the long-term](/upload/images/Shutterstock-only%20images/Property%20Market/1-HousePriceRising.png)
Prime London prices fell 6% annually over 2023 but remain higher over the long term, LonRes claims. Analysis by the data company...
19 January 2024
From: Breaking News
![Prime prices hit new low but sellers are ‘more motivated’ - LonRes](/upload/images/Shutterstock-only%20images/Property%20Market/HousePriceDrop-400x310.png)
Achieved prime London sale prices fell by their largest levels since May 2021 last month, research suggests. Analysis by property data firm...
14 November 2023
From: Breaking News
![‘Price sensitivity’ continues to hit prime markets](/upload/images/Shutterstock-only%20images/Property%20Market/House-pounds_400x310.png)
September has been ‘underwhelming’ for sales in prime London except for at the high-end £5m price point, figures suggest. Separate analysis from...
17 October 2023
From: Breaking News
![LonRes: Quieter property market may continue until Christmas](/upload/images/Shutterstock-only%20images/Property%20Market/HouseForSale_400x310.png)
High mortgage rates and a lack of supply may mean the prime property market misses its typical seasonal boost in the...
14 September 2023
From: Breaking News
![LonRes: There isn’t enough buyer urgency to get deals done](/upload/images/Shutterstock-only%20images/Property%20Market/MortgageCalculated_400x310.png)
A lack of urgency is limited the number of deals being agreed in prime London, LonRes has warned. New analysis from the...
17 August 2023
From: Breaking News
![Prime London market “subdued” but with cause for optimism - LonRes](/upload/images/Shutterstock-only%20images/Property%20Market/PropertyNews1-400x310.png)
LonRes has declared the prime London sales market to be “subdued” entering the second half of 2023. The data consultancy says that...
12 July 2023
From: Breaking News
![The super-rich are returning to prime London - claim](/upload/images/Shutterstock-only%20images/Property%20Market/Recruitment-400x310.png)
Rising mortgage rates and falling house prices don’t appear to be deterring the super-rich. A report from upmarket agency Beauchamp Estates suggests...
20 June 2023
From: Breaking News
![LonRes: Prime property sales remain slow amid reduced buyer confidence](/upload/images/Shutterstock-only%20images/Property%20Market/House-pounds_400x310.png)
A standoff between sellers looking back at the 2021 and 2022 markets and buyers anticipating a weaker one is stifling the...
14 June 2023
From: Breaking News
![Spring market stalls as buyers wait for price drops - LonRes](/upload/images/Rental%20Market/New%20Rental%20Index-400x310.png)
The prime London market appears to be lacking its usual spring buzz as buyers wait for prices to drop research suggests. Analysis...
17 May 2023
From: Breaking News
![Prices and activity fall across prime London housing market](/upload/images/Shutterstock-only%20images/Flags%20%26%20Locations/London1-400x310.png)
The prime London property market appears to be finding a new level as sales, demand and prices slide, LonRes claims. Figures from...
19 April 2023
From: Breaking News
![LonRes: Asking price discounts are widening](/upload/images/Shutterstock-only%20images/Property%20Market/Housing_Market-400x310.png)
The average discount to asking price on a sold property has almost doubled since last July as sellers are becoming ‘more...
14 March 2023
From: Breaking News
![LonRes: The prime London pandemic boom is over](/upload/images/Shutterstock-only%20images/Flags%20%26%20Locations/London1-400x310.png)
Record numbers of prime properties were reduced in price last month as the pandemic boom is officially over, LonRes claims. Analysis by...
16 February 2023
From: Breaking News
![£5m-plus homes driving prime London market - LonRes](/upload/images/Shutterstock-only%20images/Misc/newdev%20(695%20%C3%97%20395px).jpg)
The top-end of the prime London market was a key driver for sales and new listings last year, LonRes figures suggest. Analysis...
19 January 2023
From: Breaking News
![LonRes: It’s been a mixed year for prime London property](/upload/images/Shutterstock-only%20images/Flags%20%26%20Locations/LondonPropertySector-400x310.png)
It has been a mixed year for prime London markets, with some areas faring better than others when it comes to...
30 December 2022
From: Breaking News
![LonRes unveils new app for agents on the move](/upload/images/Shutterstock-only%20images/PropTech/PropTech2-400x310.png)
LonRes has launched a new mobile app for its subscribers to access listings while on the move and support agents while...
25 November 2022
From: Breaking News
![Fall-throughs up and under offers down as prime market pauses](/upload/images/Shutterstock-only%20images/Flags%20%26%20Locations/London2-400x310.png)
Fall-throughs are up and the number of properties under-offer in prime London areas has fallen below the pre-pandemic average for the...
16 November 2022
From: Breaking News
![Prime London instructions rise but fall-throughs increased over the summer](/upload/images/Locations/LondonSummer-400x310.png)
There are signs of caution in the prime London market with an increase in sales falling through during August, new figures...
23 September 2022
From: Breaking News
![Prime London property market moves from ‘frantic to normal’](/upload/images/Housing%20Market%20%26%20Property%20Images/PCL-coloured-homes-400x310.jpg)
Prime London sales activity remains above pre-pandemic levels despite an annual drop, figures suggests. Analysis of the prime London market for the...
13 July 2022
From: Breaking News
![Prime instructions back above pre-pandemic levels](/upload/images/Housing%20Market%20%26%20Property%20Images/PCL-coloured-homes-400x310.jpg)
Prime London prices continue to hit record levels but actual sales vary depending on values. Figures from property data company LonRes for...
06 June 2022
From: Breaking News
![On the house! Prime buyers continue to snub flats](/upload/images/Housing%20Market%20%26%20Property%20Images/london-property400x310.png)
Houses continued to be the preferred property type for prime London buyers last month as flat sales continue to struggle amid...
09 May 2022
From: Breaking News
![Buyers 'returning to London' as offers surpass pre-pandemic levels](/upload/images/library/Central-London400x310.png)
London’s prime sales market is set to underperform compared with 2021 but is still looking to be better than the pre-pandemic...
19 April 2022
From: Breaking News
![GDPR Compliance - new partnership offers help to agents](/upload/images/library/compliance400x310.png)
LonRes has teamed up with compliance consultancy iCompli to launch a range of services which they say will keep estate agents...
23 March 2022
From: Breaking News
![Property Guru predicts ‘Roaring 2020s’ boom for London’s richest](/upload/images/library/Poundsign-400x310.png)
The estate agent known to his thousands of followers on Twitter as Mayfair Guru is predicting a ‘Roaring 2020s’ for the...
09 February 2022
From: Breaking News
![Some London vendors asking too much, says agency](/upload/images/Locations/London400x310.jpg)
Cluttons has given its market snapshot for the sales market in central London - and it’s echoing the familiar story of...
17 November 2021
From: Breaking News
![Prime London recovery on hold as transactions show mixed messages](/upload/images/Housing%20Market%20%26%20Property%20Images/london-property400x310.png)
The latest LonRes market snapshot for prime London carries mixed messages in terms of transaction volumes. Overall, for the month of October,...
16 November 2021
From: Breaking News
![Wealthy prime London buyers choose larger homes](/upload/images/Housing%20Market%20%26%20Property%20Images/london-property400x310.png)
More buyers in prime central London are choosing larger properties - a function of the pandemic and the race for space. That’s...
07 September 2021
From: Breaking News
![London still in trouble as transactions tumble once again](/upload/images/library/Central-London400x310.png)
Transaction volumes in prime London fell in July according to data from LonRes. Transactions were down 22 per cent compared with July...
10 August 2021
From: Breaking News
![Stamp Duty holiday helps improve prime central London market](/img/default/eat.png)
Property consultancy LonRes says June was a record-breaking month for property sales in the capital, with exchanges up 140 per cent...
20 July 2021
From: Breaking News
![Tragedy as well-known industry expert dies suddenly](/img/default/eat.png)
The founder and managing director of FCS Compliance, Jerry Walters, has died suddenly. A statement from the company says he died during...
01 July 2021
From: Breaking News
![In Conversation Today – ‘I've always believed agents should be regulated’](/img/default/eat.png)
In this week’s In Conversation Today, I am delighted to chat with Lucy Morton, Head of Residential Agency at JLL, about...
27 May 2021
From: Breaking News
![Glimmers of hope in Prime London data from LonRes](/img/default/eat.png)
Data consultancy LonRes has given a typically upbeat assessment of the Prime London sales market - despite the effects of Coronavirus...
20 May 2021
From: Breaking News
![Free anti-money laundering training for Rightmove member agents](/img/default/eat.png)
The anti-money laundering compliance service that is now part of data company LonRes is holding a training session for Rightmove member...
04 May 2021
From: Breaking News
![More signs of recovery in Prime London market](/img/default/eat.png)
There’s been a surge in activity in London’s prime housing market according to LonRes. The property data company says that new instructions in March...
19 April 2021
From: Breaking News
![In Conversation – Data Sharing with LonRes chief Anthony Payne](/img/default/eat.png)
In this week’s In Conversation Today, I speak with Anthony Payne, Managing Director and co-founder of LonRes, a data and network...
04 March 2021
From: Breaking News
![Agency claims it’s No 1 seller of prime central London property](/img/default/eat.png)
An agency says it now sells more prime London properties than any of its rivals. Chestertons makes the claim based on figures...
22 February 2021
From: Breaking News
![Corona kindness - the best of agency in 2020](/img/default/eat.png)
The industry seems almost back to normal. Not the ‘new normal’ we spoke so much of a few weeks and months ago,...
12 December 2020
From: Features
![What leaving the EU means for anti-money laundering legislation](/img/default/eat.png)
The coronavirus pandemic has somewhat eclipsed Brexit this year – which is no mean feat. Cast your mind back to pre-Covid...
12 December 2020
From: Features
![Many firms sceptical of automated anti-money laundering systems](/img/default/eat.png)
Over a fifth of key businesses say they do not trust any element at all of automated anti-money laundering checks and...
06 November 2020
From: Breaking News
![Offers and instructions show signs of promise in Prime London](/img/default/eat.png)
New instructions almost doubled across prime areas of London in September compared to the same period a year ago, while the...
15 October 2020
From: Breaking News
![20 Years of LonRes - The changing face of prime central London](/img/default/eat.png)
How prime London has changed. In 2002 work began on The Knightsbridge. Located within a stone’s throw of Harrods and a near-neighbour...
06 June 2020
From: Features
![Demand plummets for ultra-expensive London homes, says agency](/img/default/eat.png)
London estate agency Benham & Reeves says there’s been a sharp fall-off in demand for ultra-expensive homes in prime suburbs of...
21 May 2020
From: Breaking News
![Prime London market may take until early 2021 to resume fully - agent](/img/default/eat.png)
One of prime central London’s most respected estate agencies is warning that it could take until spring 2021 for the luxury...
23 April 2020
From: Breaking News
![LonRes at 20: the lightbulb moment behind one of the first PropTech firms](/img/default/eat.png)
The lightbulb moment for LonRes was born out of sheer frustration. I’d just missed out on a deal and the postman...
14 March 2020
From: Features
![Up! Up! Prime Central London transactions and prices rise at last](/img/default/eat.png)
Figures released this morning by data firm LonRes provide the latest evidence of a so-called Boris Bounce with the market improving...
21 January 2020
From: Breaking News
![London agency welcomes market pick-up but says uncertainty rules](/img/default/eat.png)
Winkworth says the central London market has picked up from its lows of a year or more ago, but warns that...
25 November 2019
From: Breaking News
![Comfort for prime central London as transactions and instructions rise](/img/default/eat.png)
Stories with good news about the prime central London market seem few and far between but the latest figures from B2B...
17 October 2019
From: Breaking News
![LonRes snaps up anti-money laundering training and compliance service](/img/default/eat.png)
London-focussed business-to-business deal data service LonRes has acquired an anti-money laundering compliance consultancy specialising in residential and commercial property. Financial Crime Services,...
01 October 2019
From: Breaking News
![Off-market service launched in bid to combat sales slowdown](/img/default/eat.png)
Prime London subscription-based property platform LonRes has launched an off-market service for its subscribers. It says that as transactions across prime London...
15 August 2019
From: Breaking News
![London alarm - more price and supply problems hit prime areas](/img/default/eat.png)
Despite optimistic reports on prime London’s housing performance from some sources in recent weeks, figures from subscription service LonRes paint a...
06 August 2019
From: Breaking News
![New service allows buying agents to fast-track requirements to selling agents](/img/default/eat.png)
Subscription-based business-to-business prime London platform LonRes has launched a new service for retained agents. The Retained Agent Buyer Alert enables buying agents...
07 June 2019
From: Breaking News
![More prime central London woe as prices fall 10% in a year](/img/default/eat.png)
New data from respected property consultancy LonRes shows that prices in prime central London fell 9.7 per cent in the 12...
28 May 2019
From: Breaking News
![Over-valuing: agents fight back after press allegations](/img/default/eat.png)
There’s anger in the industry over an article in The Times which accused agents of overvaluing properties - although why this was happening...
08 April 2019
From: Breaking News
![Big slump in Prime Central London exchanges says high-end agency](/img/default/eat.png)
Knight Frank says the number of exchanges in Prime Central London in the year to the end of February slumped 14...
02 April 2019
From: Breaking News
![More Brexit woe for prime London property as prices tumble 5.7%](/img/default/eat.png)
New data from LonRes shows that prices of homes in three key prime areas of London tumbled 5.7 per cent last...
13 February 2019
From: Breaking News
![Brexit impacting prime London as prices drop again - LonRes](/img/default/eat.png)
The LonRes data consultancy that monitors transactions right across prime central London says Brexit is the single biggest factor impacting the...
07 November 2018
From: Breaking News
![Banned advert highlights dangers of sales claims about rental yields](/img/default/eat.png)
The Advertising Standards Authority has banned an advertisement for a new development in London after complaints over claims about the yields...
10 October 2018
From: Breaking News
![Online agents have under 1% share in prime central London - LonRes](/img/default/eat.png)
The chairman of LonRes says online estate agents have only a one per cent share of the market in prime central...
13 August 2018
From: Breaking News
![Transactions slump 6% in prime London, says LonRes](/img/default/eat.png)
LonRes says transactions in prime locations in London dropped another six per cent when the second quarter of 2018 is compared...
10 August 2018
From: Breaking News
![Prices fall again in prime central London, admits Knight Frank](/img/default/eat.png)
Average prices dropped another 1.1 per cent in prime central London in the year to March according to new figures released...
06 April 2018
From: Breaking News
![63% of homes in parts of London on sale for 12 months or more](/img/default/eat.png)
Garrington Property Finders says some two-thirds of homes in two high-value parts of prime central London have been on sale for...
27 October 2017
From: Breaking News
![London’s prime housing market is no longer roaring](/img/default/eat.png)
Being a leading world-class city comes at a price – they are the most expensive for occupiers and the most lucrative...
14 July 2017
From: Features
![New LonRes product aims to boost flagging new build sales in capital](/img/default/eat.png)
LonRes has launched a new product which it says helps developers and agents ensure maximum exposure to previously untapped buyers. A new...
28 June 2017
From: Breaking News
![General election 2017: Facing the UK’s housing crisis](/img/default/eat.png)
Theresa May’s call for a snap general election on June 8 took many by surprise. But estate agents have been broadly...
03 June 2017
From: Features
![More London vendors quitting the capital according to LonRes](/img/default/eat.png)
Almost half the agents in London surveyed by LonRes say that 10 per cent or more of their vendor clients intend...
18 May 2017
From: Breaking News
![Prime Central London sales down 21% last year says investor body](/img/default/eat.png)
Sales in Prime Central London were down 21 per cent in the year to December according to investment consultancy London Central...
01 February 2017
From: Breaking News
![LonRes launches customised reports information for subscribers](/img/default/eat.png)
Agents who subscribe to LonRes are being offered a personalised report builder offering sales and lettings data at postcode level, and...
11 January 2017
From: Breaking News
![Savills talks of prime London sales 'boost' - but only after price falls](/img/default/eat.png)
Sales of homes in prime central London improved towards the end of 2016 says Savills - but only after prices were...
06 January 2017
From: Breaking News
![Traditional agents have got fat and lazy says high-profile buying agent](/img/default/eat.png)
Prominent buying agent, TV housing market commentator and hard-core tweeter Henry Pryor has accused traditional estate agents of becoming “fat and...
23 November 2016
From: Breaking News
![Sales in Prime Central London down 47% in a year, calculates agency](/img/default/eat.png)
Strutt & Parker says both the volume of sales and the sum of the selling prices of homes in Prime Central London...
02 November 2016
From: Breaking News
![£100,000-plus asking price cuts commonplace in central London](/img/default/eat.png)
Figures from London data consultancy Lonres show that since the referendum the average price cut on homes across most of central...
26 October 2016
From: Breaking News
![Top agency says London slump down to stamp duty, not Brexit](/img/default/eat.png)
One of the most respected buying agencies in the country, Property Vision, says the estate agency industry's turnover is down not because of...
13 October 2016
From: Breaking News
![Prime London transactions tumble 41% during referendum build-up](/img/default/eat.png)
New data from LonRes shows that transaction volumes across the capital’s prime markets tumbled 41 per cent in the second quarter...
11 August 2016
From: Breaking News
![Over 80% of recent prime central London sales have had price cuts](/img/default/eat.png)
Buying agent Johnny Turnbull claims that 83.2 per cent of the properties sold in prime central London in the second quarter...
13 July 2016
From: Breaking News
![LonRes and Eversheds launch anti-money laundering service for agents](/img/default/eat.png)
London transaction data company LonRes and law firm Eversheads are launching an agent-to-agent anti money laundering compliance service for LonRes subscribers. The...
07 June 2016
From: Breaking News
![So much bleating, I thought a goat had got in!](/img/default/eat.png)
It was interesting to see the report on Estate Agent Today about the meeting between London estate agents, NAEA, and HMRC. No,...
25 September 2015
From: Features
![LonRes says prime central London now a buyer's market](/img/default/eat.png)
Transactions in prime central London have plummeted and prices per square foot have dipped. Data from LonRes shows that in the second...