Buyer demand dips in prime London, but appetite for super-prime homes grows
A drop in demand for prime property is 'hardly surprising', says the boss of estate agency Benham and Reeves - but the very top-end of the London market appears buoyant in the face of an economic downturn.
US billionaires splashed over £600mn in London’s top postcodes last year, with more to come in 2023
Ultra-wealthy Americans spent a record amount on luxury PCL homes in 2022, and are tipped to continue dominating the super-prime property market in the year ahead.
Buyer demand builds in Prime Central London
Property prices dipped in PCL in Q2, reports JLL - but the estate agency has seen a sharp rise in potential buyers registering with its central London offices.
London’s super-prime property market ‘has very much found its feet again’ as transaction levels remain high
Spending on £10mn+ homes in London has reached a seven-year high, leading Knight Frank's Rory Penn to suggest that 'for now, the super-prime market in London has very much found its feet again.'
Companies in this articleBenham & Reeves
Chestertons picks up well-known PCL lettings business
Estate agency takes over letting and management arm of boutique firm Henry & James as acquisition drive continues.
‘There is no lack of interest’: Peninsula London pauses sales after world’s wealthiest pick up 70% of residences
New five-star destination opposite Buckingham Palace has been described as 'the most significant addition to London's ultra-prime market in recent memory'.
Tom Bill: What does the higher bank rate mean for the UK housing market?
Lenders are tinkering with mortgage rates as a contradictory set of events unfold but higher rates are here to stay, says Knight Frank's head of resi research.
By Tom Bill
In Pictures: Former PM Johnson buys moated Oxfordshire Manor House
A source tells us that Boris Johnson has exchanged on Brightwell Manor for £3.8mn.
Foxtons takes cues from Netflix & Amazon in bid to ‘modernise estate agency’
Agency reveals how it is using AI to identify new leads in real time and get them 'to the right person at the right time'.
Ranked: The UK’s best places to live in 2023
Wadhurst in East Sussex has been crowned the overall winner in this year's influential Sunday Times rundown.
City Slicker: Inside a new Foster + Partners-designed penthouse in east London, asking £9.9mn
Principal Tower, a new 50-storey landmark on the edge of the Square Mile, is the only resi building in London designed inside-and-out by the world-famous architecture firm.
Luxury developer Mountwood unveils new boutique scheme in west London
Nearly half of the 24 units at Lexington House in West Ken have been picked up off-plan.
‘Reassuringly uneventful’: Stability returns to the prime London market, for now
'Some will be reassured by the current period of uneventfulness and take it as an opportunity to act', suggests Knight Frank, but this rare window of calm is unlikely to last...
Peak Chic: British design firm reimagines the traditional ski chalet
IN PICTURES: OB Architecture unveils concepts for a striking new take on the classic alpine building.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes
London is no longer ‘the clear leader’ amongst global financial centres, says City of London
London and New York rank joint-first as the world’s top financial centres, according to new analysis by the City of London Corporation.
Cadogan starts work on £46mn Sloane Street ‘transformation’
Cadogan and RBKC have brought in architects John McAslan + Partners and landscapers Andy Sturgeon to revamp the famous Chelsea thoroughfare.