Buyers spent a record £5.2bn on PCL property last year
...but prices and stock levels both fell in the final quarter, reports JLL.
Knight Frank's latest analysis of the prime London property market tells of a clear slowdown in buying activity - but a price crash seems unlikely.
Where in PCL have prices been rising fastest over the last 12 months? And which riverside neighbourhood has seen sales soar by 40% on pre-pandemic levels?
Agency now expects prices in the UK to fall by 5% next year and in 2024, wiping out the growth that took place during the second half of the pandemic.
Companies in this articleJLL
UK Sotheby's International Realty has recruited two industry veterans from Knight Frank to head up its new offering beyond the capital.
'Sensational' double-fronted residence near Harrods was created by one of London's top luxury developers.
In Pictures: Daniel Baliti and Jeremy Spencer's firm has secured planning consent for a significant resi-led scheme, located between The Whiteley and Park Modern in W2.
Georgian-inspired gem in Shropshire was built in a grand manner, using state of the art tech.
'Landmark' 50-storey tower at Bankside Yards is the tallest new resi structure currently under development in PCL.
IN PICTURES: 'Pearl of neoclassicism' sparked unprecedented global interest, reports brokerage.
This is the first phase of a 1,120-home redevelopment of Church Street in Marylebone - Westminster's largest regeneration scheme.
Jessica Del Gaizo has joined Knightsbridge Prime Property after a decade at some big-name corporate firms.
Louna Del Barrio has joined the agency after four years at John D Wood.
Prime Central London boroughs Westminster and Kensington & Chelsea saw property values fall sharply through 2023, but six London boroughs bucked the trend to record price growth through the year...
Rate cut expectations have softened since early January, but a seasonal spring bounce is taking shape, explains Knight Frank's resi research boss.
By Tom Bill
EXCLUSIVE: German auto giant Mercedes-Benz has teamed up with JDS Development Group and SHoP Architects to 'create a new mode of urban living with vibrant communities' in Miami.
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Foxtons, Lloyds Bank, Benham & Reeves, Rightmove, Knight Frank, Rettie & more...
Buying agency reports 'a healthy volume of off-market property that will be launched in spring, if not sold beforehand'.