Brexit uncertainty weighs heavy on Prime London as vendors and buyers ‘withdraw from the market’
LonRes records further declines in transactions, instructions and prices, but notes a boost in the number of homes going under offer; 68% of agents expect political uncertainty to be the biggest factor influencing demand in the year ahead...
Summer scramble in Prime London as vendors head to market
Latest data from LonRes shows the number of new properties reaching the market in July was up 39% on the same month last year, with 9% more deals agreed;
By PrimeResi
High-End Time: The super-prime buyers shrugging off Brexit uncertainty
Britain's political machine may be stuck in a rut, but the upper end of the property market is still very much moving and some exceptional properties have been changing hands across Mayfair, Chelsea, Belgravia,…
By PrimeResi
Prime London’s Brexit-weary buyers run out of patience
A burst of activity in Q3 bodes well for further improvements once the fog begins to lift, says LonRes...
By PrimeResi
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Talking Heads: Prime property industry reactions to the Budget 2025
A Council Tax surcharge for high-value homes is 'probably the least worst outcome for owners of prime property', comments Savills, but our pundits are less sanguine about changes to landlords' income…
By PrimeResi
International buyer lands £25mn Knightsbridge Gate penthouse
Marquee 6,214 sq ft residence drew multiple offers despite wider market caution.
Budget 2025: OBR leak confirms ‘mansion tax’ on £2mn+ homes from April 2028
Office for Budget Responsibility report published early 'in error' - including details of a new Council Tax surcharge on high-value homes.
By PrimeResi
Budget 2025: Chancellor confirms a ‘mansion tax’ & higher rates on property income
High-value homes will face significantly higher Council Tax bills, while landlords will pay a larger share of their property income to HMRC.
By PrimeResi
£10.95mn Regent’s Park mansion sold ‘within minutes’ of Budget speech
UK buyer accelerated exchange on Grade I listed residence after Chancellor delivered a softer-than-expected property tax package.
Top buying agent launches independent firm
Lucie Hirst's new operation will specialise in high-end acquisitions across PCL & the Cotswolds.
Super-prime developer Binghatti appoints London sales lead
Dean Elgafar previously worked at Wetherell, Chestertons & UK Sotheby's International Realty.
By PrimeResi
£10bn Earls Court scheme gets green light from H&F
Borough's unanimous approval marks 'major milestone' for central London's biggest cleared development site.
Hoffen West acquires well-known PCL agency’s lettings & management book
26-year-old Belgravia specialist's portfolio will be integrated into Rupert Hoffen & Neil West's operation.
By PrimeResi
Required Reading: The Budget 2025 for HNWIs & business owners
Mishcon de Reya's team of tax & legal experts delivers a thorough briefing on the Autumn Budget's key announcements & policy changes - including the new High Value Council Tax Surcharge affecting £2mn+…
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Knight Dragon recruits new CEO to lead 150-acre Greenwich Peninsula project
Emilie Giles has taken the reins from Matt Hawkins.
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Property consultancy faces six-figure fine for unauthorised works on Grade I listed building
Court rules Knight Frank made alterations to an historic building in Bath without the necessary consents.
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