Main image: Ovington Court, Knightsbridge £2,500,000
An eighth floor flat with far reaching north westerly views over Montpelier Village towards the Albert Hall, beautifully presented to provide three bedrooms. Portered block with lift. 950 sq ft/88m2 GIA. Three bedrooms/ two bathrooms (one en-suite), kitchen open to reception. (Ames Belgravia)
Bloomberg: Ultra-wealthy pull cash from mansions to buy beaten-down assets
Tom Metcalf reports for Bloomberg how UHNW homeowners are turning to their real estate holdings to access cash as the pandemic pummels global markets
What to read next
Sunak floats CGT hike in a ‘triple tax raid on the wealthy’
Bank Holiday weekend newspapers carry "leaks" of Treasury plans for a "£30bn triple tax raid" and/or a "quintuple whammy of tax increases".
Mortgage market could be frozen as lenders pull products
Banks & Government said to be in talks about pausing or adapting the mortgage market in light of the Coronavirus lockdown.
Cash buyers pay an average of 9% less for a home than mortgagers
The average price paid by cash buyers for a home in the UK is 9% less than that paid by mortgaged buyers... But it's a different story in London.
Most read
UK Sotheby’s adds new directors covering PCL & West London
Luxury brokerage extends recruitment drive across prime postcodes with brace of sales appointments.
‘Buyers today have more choice than ever before’: Savills global resi chief on the battle for international wealth
Interview: Victoria Garrett discusses London’s place on the world stage, Dubai’s next phase, the impact of tax & geopolitics, and how developers are catering to an increasingly discerning clientele.
New platform opens door to distressed property deals
Exclusive: Receiv-r promises an early heads-up on property and land opps - and already has a big-name brokerage on board.
Where did the Knightsbridge buyer go? James Moran on PCL’s shifting geography
Middleton Advisors' London sales boss explores the changing fortunes of one of the capital’s most famous enclaves - and where today’s moneyed purchasers have been turning their attention.
£37.5mn Banda-designed super-duplex unveiled at The OWO
In Pictures: Top-end studio delivers 3,804 sq ft heritage-inspired residence at luxury Raffles-branded scheme in Whitehall.
Investor snaps up nine Notting Hill flats in £11mn bulk deal
Agents flag renewed appetite for bulk resi acquisitions from overseas investors as prime London rents climb.
Government ramps up plans to regulate property agents
Update Industry Reactions: Ministers unveil licensing regime and independent regulator, going much further than proposals announced last year.
In Pictures: Historic Cotswold estate hits the market at £15mn
Substantial pile with Sims Hilditch interiors and a party barn launches with autumn selling season in full swing.
‘First hard evidence’ emerges of £2mn mansion tax effect on property prices
Fresh data confirms that transactions are 'bunching' below the incoming High Value Council Tax Surcharge threshold.
Alexander Main brings in senior hire for big lettings push
Former Domus Nova & Foxtons operator joins line-up to lead ambitious two-year-old agency’s new division.
LATEST ARTICLES
The $84trn Question: Which global hotspots are leading the race for next-gen wealth?
London ranks third in new Savills study of the locations best placed to attract and retain younger HNWIs, as vast wealth shifts across borders and generations.
Grand Registry: Surveying the latest big-ticket deals to hit the official record
Land Registry data reveals a telling resale at one of Kensington’s most prestigious schemes, alongside a clutch of eight-figure deals across the capital.
Building Safety Levy goes live, with highest rates in prime London
Developers face new charge from today as Government begins £3.4bn drive to fund building safety works.
Aston Martin & Mouawad schemes help drive 66% revenue jump at Dar Global
London-listed luxury developer more than doubles first-half profits as portfolio GDV hits $23bn.
My Property Career: Quickfire Q&A with Jane Cronwright-Brown
Recruitment guru Barry Collins chats with prime resi industry leaders & entrepreneurs, distilling decades of experience & career highlights into 60 seconds.