10%-plus price cuts “are not uncommon” in today’s PCL
Vendors are "re-basing their expectations", reports The Buying Solution
Sotheby’s recruits Knight Frank man to lead PCL expansion plans
UK Sotheby’s International Realty has recruited Knight Frank's Simon Tollit as Sales Director.
PCL transaction levels running at 35% below five-year average
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.
Mayfair penthouse sells for £19.5m (a 400% price increase in 16 years)
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.
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UK Sotheby’s International Realty confirms departure of Managing Partner Reynolds
Claire Reynolds spent 19 years with Savills before joining George Azar's brokerage to lead a dramatic expansion in prime London.
Trio of developers completes hidden scheme in the heart of Mayfair
Three agencies are jointly handling sales at Three Kings Mayfair, where one apartment has already sold for more than £5,000 psf.
£50mn trio of trophy apartments sold at 9 Millbank
Series of super-prime sales at the landmark St Edward scheme marks a 'significant milestone' for Westminster's property market, says agency.
Turning the page: Why it’s time to exit the ‘Wexit’ echo chamber
It would be impossible for prime markets not to feel the impact of recent tax changes, but the reality of the 'wealth exit' on the ground is different from the media perception, say top property advisors…
Former Berkeley Group sales boss joins Harding Green
Radhika Bedford previously ran sales for Berkeley's St George brand in North London.
Historic Chelsea gem with artistic pedigree hits the market at £9mn
Buyer sought for 'once-in-a-lifetime opportunity' between the King's Road and Fulham Road.
Big-brand luxury property brokerage launches ‘flagship’ West London office
UK Sotheby’s International Realty has opened a fifth branch in the capital, setting up shop with a strong team on Kensington Church Street.
New boutique agency eyes SW London expansion
Beaufort Green was launched last year by former Dexters sales director Charlie Ince-Green.
Property agents face ‘major changes’ as Material Information rules replaced
'The risks for non-compliance are potentially much higher' now, warns Propertymark, as Trading Standards removes Material Information guidance in favour of regulation under the new Digital Markets, Competition…
Knight Frank downgrades PCL house price growth forecast
'Needs-based' housing markets are likely to see prices rise faster than previously thought, but Knight Frank has cut its near-term forecast for Prime Central London 'due to the fact the political backdrop…
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Gravett takes over as CEO of Cluttons
Outgoing boss James Gray is retiring at the end of August after 35 years with the business.
Imposing Berkshire school site pitched for sale with resi potential
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New land & development consultancy launches in the Home Counties
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Lendlease confirms ‘late stage’ negotiations for major Crown Estate JV
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