10%-plus price cuts “are not uncommon” in today’s PCL
Vendors are "re-basing their expectations", reports The Buying Solution
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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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Savills consolidates flagship PCL teams
Big-brand agency is relocating its Knightsbridge operations to Sloane Street.
Full-floor shell penthouses atop Park Lane ‘Grande Dame’ building seek £50mn
Agents instructed on 19,000 sq ft with planning for four big laterals in Art Deco landmark overlooking Hyde Park.
High-profile buying agency toasts 20 years in business
Sloane Square-based firm reveals acquisition record and says industry shifts have made the market 'increasingly difficult' for buyers to navigate.
What do the wealthiest want? Four questions, 32 experts, ten key findings
'Something has shifted at the very top of the market,' declares LPF boss Priya Rawal after consulting a panel of luxury property insiders.
High-profile developer wins £1.9mn SDLT battle over Chelsea mega-mansion
Upper Tribunal dismisses HMRC appeal in long-running tax dispute.
Super-prime construction firm builds leadership team
Knowles makes trio of senior appointments amid ‘increasing demand’ for top-end services in London and further afield.
Developer offers £42k private school sweetener to homebuyers
Two years of fees are on the table at a north London scheme as firms look to tempt purchasers with increasingly inventive incentives.
‘2026 likely to prove one of the lowest years for London transaction volumes on record,’ warns Foxtons boss
Major estate agency's profits hit hard by 'materially lower' sales volumes and 'short-term volatility' in the lettings market.
Knightsbridge Gate nears sell-out after £30mn double deal
Middle Eastern buyer picks up two neighbouring apartments at the luxury PCL scheme, leaving just one residence available.
Burnham ‘rules out’ scrapping Stamp Duty in the next Budget
But other reports suggest the new government is 'actively looking' to replace council tax & stamp duty with a new system.
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Rare receivership sale completed on Eaton Square
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In Conversation: William Bles on the changing HNW client & the new rules of super-prime design
HBA Residential's new EMEA Principal discusses the dramatic shift in expectations among global buyers over the last decade - and what it means for luxury designers and developers.
Latest UK transaction figures suggest ‘increase in underlying property market activity’
Industry Reactions: Property insiders weigh in as sales volumes edge higher.
Rightmove revenue climbs as agent retention hits decade-high
Plc's profits rise as estate agents continue to spend more with the property portal.
Required Reading: What the Royal Lodge saga tells us about subletting
Andrew Mountbatten-Windsor's recent example highlights how crucial it is to get the rules in writing, explains Kate Stockdale.