£5mn+ property sales remain ‘well ahead of pre-Covid norms’ in London, despite sharp drop last year
Some £5.7bn-worth of luxury homes changed hands in London through 2023, reports Savills, despite a marked slowdown from the pandemic-era property boom.
What to read next
JLL slashes London property price forecast
Property consultancy had expected PCL values to bottom out this year, but 'geopolitical headwinds' mean a further 5.5% decline is on the cards before 2026 is done.
By PrimeResi
London house prices to flatline until 2028 as prime markets ‘remain subdued’
Leading estate agency forecasts a property market 'power shift' as the capital's recovery is 'delayed' & regions significantly outperform.
By PrimeResi
JLL tips SE London for top property price growth as developers line up a ‘transformational’ pipeline
More than 31,000 new private homes are in the planning pipeline in South East London, with property prices forecast to rise by some 17% over the next five years
By PrimeResi
Companies in this article
SavillsMost read
Government confirms 100% ‘mansion tax’ premium for empty homes
Latest Measures & Industry Reactions: More details of the incoming High Value Council Tax Surcharge bills have been revealed, with first bills due to arrive in March 2028.
By PrimeResi
Boutique London agency snaps up another lettings portfolio
Around 50 managed properties join the firm’s books as it continues its expansion across PCL & SW London.
Talking Heads: Prime resi industry insiders respond to the Budget 2026
'Doing no harm isn't quite the same as doing some good,' comments one estate agency chief.
Super-prime St John’s Wood project goes for above guide
'Buyers will move decisively for exceptional homes in the best locations,' says agency after sealing £10.1mn deal.
Buyer lands rare Georgian mansion in Fulham
The former home of Jemima Khan didn't hang around on the market for long.
Top-end Kensington scheme racks up over £70mn in sales
Developer unveils resident amenities and reports latest sales progress at Squire & Partners-designed project.
Agency reports ‘renewed momentum’ in Prime Central London’s £4mn+ market
High-value transactions are up 62% as the firm continues to make heavyweight hires and expand its new broker division.
By PrimeResi
Sale agreed on final Knightsbridge Gate apartment
The last of the PCL scheme’s 15 residences has found a buyer, rounding off a sales campaign that saw guide prices hit £25mn.
Queensway graduates to London’s luxury apartment big league
Ranked: Analysis reveals the top streets, squares & districts for £5mn-plus flat sales, as new developments redraw the prime property map.
Remarkable Bloomsbury portfolio hits the market with £20mn resi potential
Trio of listed buildings could deliver four townhouses and four apartments.
By PrimeResi
LATEST ARTICLES
Guy Meacock: ‘These are the best conditions I have ever seen, from my side of the negotiating fence’
Seasoned agency boss on what's next for buyers in Prime Central London.
By Guy Meacock
All 100 residences sold at ultra-luxe Manhattan supertall
Sales team claims fastest sellout of its scale since 2014, with prices to match.
£48mn price tag for Bryan O’Sullivan-designed penthouse at Chelsea Barracks
First Look: Inside one of the year’s biggest new-build launches.
PCL flat prices fall three times faster than houses
'It is a difficult moment for sellers, and an attractive opening for buyers who are ready to move,' says buying agency.
By PrimeResi
Contemporary Buckinghamshire mansion with award-winning garden seeks £11.5mn
'The architecture is what first strikes you here,' says Charlie Willis of UK Forbes Global Properties
By PrimeResi