Britain now has 622,939 ‘property millionaires’
What to read next
Prime property prices set “to plateau” in 2013
More agents are joining the ranks predicting a drop-off in price growth next year; the latest - top London-based firm WA Ellis - is tipping a shift to more realistic pricing as the main driver.
London’s property boom is over, and UK property prices won’t recover until 2019
A double-header of gloom from Knight Frank's latest house price reports: Liam Bailey and Gráinne Gilmore believe that next year will see the end of prime London's house price boom, and that property…
Rise in number of property millionaires
43 per cent of properties in prime areas of London are now worth £1m, up from 34.6 per cent a year ago, according to new research from Marsh & Parsons.
Most read
Changing of the guard at Knight Frank’s National Country Department
‘Stan’ Matthews steps up to lead £400mn-a-year operation after 23 years with the agency.
Warwick revives 1880s Notting Hill terrace as luxury resi scheme
Four top-spec residences will be released to the market throughout the autumn.
Billionaires’ Row mansion changes hands for £30mn
Official records reveal big-ticket resi deal on one of north London's most famous addresses.
US buyer lands super-prime pied-à-terre at The Whiteley
PCL buying agency sources off-market 3,000+ sq ft apartment at landmark Bayswater scheme, amid signs of 'real momentum' returning to the prime London market.
Knight Frank appoints new Group CFO
'Knight Frank is primed for growth and I am looking forward to helping deliver this,' says Chris Davis.
High-profile royal mansion heading for the private rental market?
Former home of Andrew Mountbatten-Windsor has 30 rooms and is said to cost £400k-a-year to run.
‘Ever increasing taxes cannot continue’: Charles Curran on fear, flight & the changing PCL market
The Maskells boss weighs up the impact of tax uncertainty on prime London – and spots an opportunity amid the gloom.
HMRC wins high-stakes developer tax battle
Tax authority said £5.4mn dispute potentially had £1bn implications.
Real Estate Legal Digest: An essential guide to the latest developments shaping the UK property market
Stay abreast of the key policies & issues impacting the real estate sector with PrimeResi's regular legal briefing, prepared by Boodle Hatfield's team of experts.
London headquartered architecture firm lands major Singapore masterplanning project
Singapore Land Group's Marina Square will include a 49-storey residential tower alongside reworkings of three 'tropical modernist' hotel buildings.
LATEST ARTICLES
Prime London deal volumes pick up as buyers negotiate rather than walk
Latest numbers put transactions 2% above the five-year average - but it’s a very different picture depending on where you look.
Time vs Money: Ollie Marshall on the changing calculation for Britain’s wealthy
Top buying agent on the expats who left to preserve their money - but may ultimately return to preserve their time.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes
Pininfarina shifts into US resi market with $17mn ‘collectible’ villas
Ferrari collaborator takes its branded resi concept stateside with a limited run of bespoke super-homes.
Knight Frank installs new Managing Partner in Berlin
'Germany is our number-one priority market for expansion in Europe,' says KF's Europe MD.