Headlines for Saturday 27th February 2021

Wealthy overseas buyers prepare to swoop on UK’s super-prime market

‘Be ready now to beat the rush when the flights resume’, Knight Frank tells vendors…

Rightmove profits plunge by 37%

Estate agents paid Rightmove an average of 28% less per branch in 2020 compared to 2019 – but the property portal expects marketing spending to recover to at least pre-pandemic levels this year.

Savills Mayfair reports bumper year; takes on £100m mega-instruction

The flagship office on North Audley Street has been flying with co-head of PCL Claire Reynolds at the helm…

Weekly Showcase: Ten featured prime resi listings

PrimeResi’s regular stock check, powered by LonRes

Property portal reports record traffic, but vendors continue to wait

Record numbers of people are browsing the internet for a new home – but there’s a dearth of new sales listings…

In Pictures: ‘Marbella’s finest villa’ offered for €85k a week

Casa Savannah in the Marbella Club is being pitched as “the ultimate summer holiday pad”, featuring “James Bond style” interiors.

Properties The latest luxury property deals, developments & instructions

View PropertiesView All
Oxfordshire stately home built by the Spencer family lists at £9m

Agents have listed a significant country instruction in Oxfordshire, involving an important 17th century manor house originally built by the Spencer...

Sir Cameron Mackintosh lists Regent’s Park ‘gem’ for £8m
  • 24th Feb 2021
  • by PrimeResi Editor
Chinese heiress rents high-profile Mayfair mansion for £1.55m a year
  • 24th Feb 2021
  • by PrimeResi Editor
Fairway tees up another PCL acquisition drive
  • 23rd Feb 2021
  • by PrimeResi Editor
View Properties

More: Properties

Grosvenor sells prime Mayfair block with penthouse planning
Euroterra Capital offloads Paddington apartment block
Deal sealed on £10.5m Belgravia townhouse
Weekly Showcase: Ten featured prime resi listings
National Trust lambasts PDR planning reforms, warning of ‘stagnant and characterless’ towns & villages
‘Extremely focused’ buyers see no need for a second viewing
View Properties

Opinions Views & analysis from prime resi insiders

View OpinionsView All
Future Homes Standard: The impact on build costs, supply chains & land values

Higher build costs to adhere to the government’s stricter energy requirements are already being factored into land bids, writes Lydia Mclaren... The...

Off-market activity ‘has been continuing at a cracking pace’ in Scotland

"While a superficial look at the current market might suggest an ongoing lack of supply, activity under the radar has been continuing at a cracking pace,"...

Why the Covid stamp duty holiday reveals big problems in the housing market

HM Treasury "misjudged" the property market when it introduced the Stamp Duty holiday last March, writes Michael Ball, Professor of Urban and Property...

The Market Sales, lettings & economic trends & analysis

View The MarketView All
Lloyds expects house prices to fall this year

Lloyds Banking Group expects house prices to fall towards the end of this year, having reached a record high in 2020. The bank's latest "base case"...

Knight Frank picks Notting Hill as one of the world’s top ten neighbourhoods ‘primed for growth in a post-pandemic world’
  • 25th Feb 2021
  • by PrimeResi Journal
Five Trends: Buying agency picks top PCL themes to watch
  • 25th Feb 2021
  • by PrimeResi Editor
Stamp duty holiday ‘to be extended until end of June’
  • 24th Feb 2021
  • by PrimeResi Editor
View The Market

More: The Market

26% of global UHNWIs are planning to buy a new home in 2021
Auction buyers unswayed by remote shift
Off-plan sales numbers slip
RBKC gets tough on owners of empty homes
Sales volumes could soar by 50% this year, predicts Mayfair agency
Savills predicts a ‘burst’ of rental price inflation next year
View The Market

Business & People Company news & people moves

View Business & PeopleView All
Estate agents lose over £4,000 for every property sale that falls through

Estate agents saw an average of 17 property transactions fall through per branch last year, costing them an average of over £4,000 each time. 42% of...

New Business Realities: Simon Deen on autonomy, reputation & building a new estate agency brand
  • 25th Feb 2021
  • by PrimeResi Editor
Reapit buys Aussie proptech firm Agentpoint
  • 25th Feb 2021
  • by PrimeResi Journal
LSL reports ‘very strong’ estate agency income in January and February
  • 25th Feb 2021
  • by PrimeResi Journal
View Business & People

More: Business & People

Propertymark names interim chief
Sims Hilditch recruits former 1508 London creative director
Assael Architecture moves into Australia
Keller Williams names new top table team
‘Less than 3%’ of all leads from property portals convert to sale or let
Eccord bolsters property management team
View Business & People

Appointments The latest career opportunities

View AppointmentsView All
View Appointments

More: Appointments

View Appointments

Videos Watch the latest videos

View VideosView All
Falling prices & transaction volumes are ‘a blip and not the start of a permanent trend’ – Garrington
  • 18th Feb 2021
In Pictures: Country music stars’ turn-key Caribbean private island offered for $35m
  • 16th Feb 2021
Watch: MPs discuss extending the SDLT holiday
  • 2nd Feb 2021

Design Architecture, interiors & gardens

View DesignView All
In Pictures: The ‘theatrical’ reworking of a palatial residence in Regent’s Park
  • 19th Feb 2021
  • by PrimeResi Editor
Galliard gets to work on £140m West End scheme
  • 17th Feb 2021
  • by PrimeResi Editor
Design team picked for Camden Highline park project
  • 16th Feb 2021
  • by PrimeResi Journal

International Luxury property news from around the world

View InternationalView All
London & New York named top wealth cities for 2021

Knight Frank has put London and New York as joint front-runners in its new City Wealth Index, published in the forthcoming Wealth Report 2021. These two...

Global UHNWI population set to grow by 27% over the next five years
  • 24th Feb 2021
  • by PrimeResi Journal
Bloomberg: Swiss Wealth Tax rakes in cash as Covid stokes global debate
  • 22nd Feb 2021
  • by PrimeResi Journal
New York dominates the world’s UHNW real estate scene, while London ‘stands out as a second-home destination’
  • 22nd Feb 2021
  • by PrimeResi Journal
View International

More: International

Super-prime developer offloads Manhattan portfolio stake
Hong Kong apartment breaks Asia price record
Chestertons moves into Morocco
High-end sales soar in Manhattan
‘Million Dollar Listing’ brokerage moves into Portugal
New Sicily base for Italy Sotheby’s International Realty
View International

Long Reads In-depth features on prime resi matters

View Long ReadsView All
Deal Digest: Nine notable penthouse sales from the last year

Much attention has focused on the appeal of large detached houses since the onset of the pandemic, but HNW buyers also appear to be looking up in the race...

Keeping Up Appearances: An architect’s guide to façade retention projects

The re-use of building parts is nothing new. Spolia, from the Latin for 'spoils', is the ancient custom of re-using stone or sculpture. For example, stone...

‘An unusual year’: Britain’s pandemic property market in nine charts

2020 was "an unusual year in the housing market", understates the Office for National Statistics. The annual rate of property price inflation spurted up to...

Prime Movers Indices The key players at the top of the market, ranked & profiled

View Prime MoversView All
Britain's Top 50 Buying Agencies
  • 22nd Jan 2018
London's Top 50 Boutique Estate Agencies
  • 22nd Jan 2018
Coming Soon
  • 26th Sep 2017