Headlines for Friday 22nd February 2019

Market Snapshot: Mayfair

How have transactions and prices been holding up in the most exclusive of London enclaves?

Friday Showcase: Ten featured prime resi listings

A weekly showcase, powered by LonRes

Britain’s homes are ‘not fit for the future’, warns Gummer’s Committee on Climate Change

We are not ‘adequately prepared for the challenges of climate change’, warns the CCC, ‘both in terms of reducing emissions from UK homes and ensuring homes are adequately prepared for the impacts of climate change.’

Mayfair block next to Saudi Embassy heads to auction

6,260 sq ft chunk of Charles Street is looking for over £6m

Change at the top for Purplebricks as revenues fail to meet expectations

Hybrid estate agency announces replacement CEOs in the UK and USA.

The number of £1m+ homes Britain ‘has fallen by 35,000’ in the last year

Guildford, Cambridge & Sevenoaks are Britain’s top towns for property millionaires, says Zoopla, while over half of the homes in Kensington & Chelsea are worth more than £1m.

Properties The latest luxury property deals, developments & instructions

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‘Frustrating’ delay for U+I in RBKC

Regen specialist U+I has vented some frustration over planning-related delays to its forthcoming project in Kensington & Chelsea. The developer and...

In Pictures: Touring David Adjaye’s ‘Lost House’
  • 21st Feb 2019
  • by PrimeResi
Talking Heads: On the evolution of the master suite
  • 20th Feb 2019
  • by PrimeResi
Six of the best: Indulgent master suites
  • 20th Feb 2019
  • by PrimeResi
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More: Properties

Consero snaps up ‘substantial’ site in Hertfordshire for £50m luxury commuter scheme
London’s property ‘flippers’ forced to sell at a loss
Watch: The ‘formidable task’ of developing Ten Trinity Square
Deal sealed on rare new-build townhouse in Chelsea
‘One of a kind’ Georgian revival proposition asks £4.5m
Buyer picks up £9.75m penthouse amalgamation in St John’s Wood
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Opinions Views & analysis from prime resi insiders

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Surveying the shape of Britain’s development finance market in 2019

While some participants, such as high street banks, have reduced their exposure to UK development finance, others have stepped in to fill the void. There...

Street Views: International buyers in Prime Central London

The proportion of overseas purchasers in PCL is at a six-year high, according to new research out today, accounting for over half of the homes sold in the...

The time is ripe for agents to overvalue; don’t heed the hype

I recently read a stat, courtesy of Rightmove, that 72% of property sales fall under the second estate agency. In other words, where a vendor appoints a...

The Market Sales, lettings & economic trends & analysis

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Average mortgage payments as a proportion of income have dropped from 43% in 2008 to 31% in 2018

The average UK property price has risen by 29% over the last ten years, and by 225% over the last 20 (ONS figures). But the average cost of repaying a...

Transaction numbers hold up – ONS
  • 21st Feb 2019
  • by PrimeResi
Bumper start to 2019 for Chelsea stalwarts
  • 21st Feb 2019
  • by PrimeResi
Why interior design of the future will seem like magic
  • 21st Feb 2019
  • by Sara Nabil
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More: The Market

BTL investors look north in search of returns
Home-mover & buy-to-let lending falls as remortgaging booms
Westminster’s ‘voluntary mansion tax’ brings in over £600k
Proportion of international buyers in PCL hits six-year high
‘Buyer affordability is on the rise at the fastest rate in nearly eight years’ – Rightmove
These maps show how tricky it is to measure inequality in local areas across England
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Business & People Company news & people moves

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Forbes heralds Ekkist founders in Europe’s 30-under-30 innovators list

The co-founders of "architecture for wellbeing" consultancy Ekkist have been heralded in an index of Europe's top innovators, by HNW business magazine...

#TheCPRCup: Fixtures, teams & players
  • 21st Feb 2019
  • by PrimeResi
Six more proptech start-ups put on Pi Labs’ fast-track
  • 21st Feb 2019
  • by PrimeResi
Choosing the right estate agent (& valuation) is the biggest factor in selling a property, say vendors
  • 21st Feb 2019
  • by PrimeResi
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More: Business & People

Savills signs up intelligent ad platform to target Gen Z househunters
High-end property crowdfunding platform looks for investment
Public Rights of Way tool offers instant checks
Humberts reports positive results from its ‘holistic’ take on estate agency
Carter Jonas recruits six to boost Planning & Development team in London
Cluttons loses research chief to Knight Frank
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Appointments The latest career opportunities

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Director – Residential Land & Development
  •  Ends in 24 days

One of GKR London's biggest Clients have instructed us to find a Director level individual to join their expanding Land & Development team. • Working...

Design Managers
  •  Ends in 24 days
Sales & Lettings Negotiators
  •  Ends in 37 days
Residential Building Surveyor
  •  Ends in 24 days
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More: Appointments

Sales Manager
Lettings Manager
Site Sales Manager
Residential Sales Negotiator – Global Agency
Head of New Homes
Residential Sales Manager
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Videos Watch the latest videos

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‘Make yourself redundant every five years’, advises JLL boss
  • 7th Feb 2019
Watch: Guy Phoenix unveils extraordinary new ‘Iron Man’ project
  • 5th Feb 2019
Dubai developer prepares to spend up to £1bn on central London property
  • 25th Jan 2019

Design Architecture, interiors & gardens

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Helen Green Design appointed at No.1 Grosvenor Square
  • 20th Feb 2019
  • by PrimeResi
New knotweed tracking tool helps flag local infestations
  • 19th Feb 2019
  • by PrimeResi
Don’t forget the fundamentals: Ten tips for delivering a successful prime resi development
  • 14th Feb 2019
  • by Alan Waxman

International Luxury property news from around the world

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The real Crazy Rich Asian palace is worth a cool $3.5 billion

Bloomberg reports on two abandoned palaces in a "swathe of untended jungle" in the heart of Singapore, that could be worth US$3.5bn if they were ever sold...

Rumours swirl around Savills & JLL
  • 14th Feb 2019
  • by PrimeResi
UAE private island proposition lists at £360m
  • 13th Feb 2019
  • by PrimeResi
Vancouver’s sharp market correction sees sales tumble by 39%
  • 12th Feb 2019
  • by PrimeResi
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More: International

Paris apartment sells for record €39m
Wealth taxes are back in fashion – but they’re still a terrible idea
Super-tall, super-skinny, super-expensive: The ‘pencil towers’ of New York’s super-rich
MIPIM Awards 2019: Resi finalists in pictures
Iconic Monaco mansion asks €125m
NYC’s iconic Halston House sells for $18m
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Long Reads In-depth features on prime resi matters

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Friday Showcase: Ten featured prime resi listings

Each week, LonRes highlights a selection of properties currently available to buy and rent, from Prime Central London uber-pads to country retreats. This...

Couture Shift: Understanding the key trends shaping global interior design

Haute couture fashion clothing is increasingly influencing interior design, according to global design house Taylor Howes, with a growing preference for...

Friday Showcase: Ten featured prime resi listings

Each week, LonRes highlights a selection of properties currently available to buy and rent, from Prime Central London uber-pads to country retreats. This...

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

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