10%-plus price cuts “are not uncommon” in today’s PCL

UK Sotheby’s International Realty has recruited Knight Frank's Simon Tollit as Sales Director.

In the first quarter of 2015, there were 35% fewer transactions across PCL than there were, on average, in the last five years, notes buying agency Turnbull Property.

A penthouse on Park Lane has just sold for £19.5m, breaking the £4,000 per square foot barrier and achieving a 400 per cent appreciation since being sold by the same agent in 1996.