Berkeley profits on track to be at a ‘similar level’ to last year, despite a 20% drop in reservations
Sales reservations have "been robust where we have had availability of stock", says major house-builder Berkeley Group, while buyer enquiry levels have been "consistently strong" since November. Pricing has been "stable" and cancellation rates are at "normal levels". The overall impact of the pandemic on build costs “has been neutral.”
Irish property mogul Ronan plots a return to London next year
Johnny Ronan once again has "ambitions on the scale of Battersea" in London, says Ireland's Business Post, and expects to have his first return project underway next year.
GII’s Lucan Place scheme on track to complete next year
Gulf Islamic Investments says that construction works at the old Chelsea Police Station site are on track to complete in Q4 2022.
Berkeley adds three new Board members
Housebuilder appoints a private equity chief, an accountant and a priest as Non-exec directors.
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Knight Frank cuts house price forecast; PCL set for -4% drop this year
'A combination of high supply & faltering confidence means we now expect slower UK house price growth this year & in 2026,' says research chief Tom Bill - with prime markets set for sharp declines.
London property ‘no longer a safe bet’, warns top wealth manager
'The London property boom is well and truly over,' declares Rathbones
Super-prime Notting Hill development opp seeks £12mn
Buyer sought for standout freehold property with "one of the most ambitious planning consents in the area".
‘A market in transition’: Inside London’s evolving luxury resi development scene
New report reveals how policy, branding & global demand are reshaping the next phase of the capital’s ultra-prime development cycle.
Super-prime St John’s Wood mansion finds a buyer
Trophy home on Hamilton Terrace sold 'within a few months' of being listed at £20mn.
Indie estate agency Wilfords branches out in SW London
Boutique firm adds to its growing network with a new base close to Clapham Common.
‘A fundamental reshaping of the global wealth landscape’: Europe re-emerges as a prime destination for the super-rich
'What we’re witnessing is more than just a demographic shift,' says Knight Frank, as the firm reveals who is buying what, where, and why...
International luxury brokerage launches, promising ‘a new era of property marketing’
Led by former Nest Seekers boss Daniel McPeake, London-based Aperture Global UK wants to 'set a bold new standard for how prime properties are represented.'
£10mn price cut for trophy Knightsbridge penthouse
Ultra-prime residence at The Knightsbridge has been relaunched at £70mn.
Behind the Schemes: Crafting a family-friendly pied-à-terre at Chelsea Barracks
Rebecca Hughes Interiors lifts the lid on a recent project for a returning client at the super-prime scheme in SW1.
LATEST ARTICLES
Under-offer numbers climb after Prime London’s slow summer
Latest LonRes analysis shows transaction volumes were low last month, even by August’s standards, but other metrics give some cause for optimism.
Unanimous approval for luxury developer’s ‘transformative’ new Queensway scheme
Vabel's second project in Central London's most up-and-coming address will deliver 94 new homes opposite The Whiteley.
New name on the luxury development scene targets north London sites
Gracie Group launches with a £550mn portfolio & ambitions to expand across the capital.
W-branded apartment sets new Manchester price record
£3.5mn unit at ultra-luxe scheme achieved the highest per square foot rate ever recorded in the city.
Super-prime building firm appoints trio of new directors
Phin Isles, Philippa Waldron & Charlie Ellis have all stepped up as directors at London-based CC Construction Group.