Main image: Whilst the property market has led by example throughout the pandemic and afterwards, it will not be immune from interest rate rises and inflation’
Carrington on Q3: Punishing rates of SDLT continue to undermine the London market
'Much of what happened in the immediate aftermath of the referendum now appears to have been a knee-jerk reaction'
William Carrington co-founded LonRes.com in 2000. A subscription-only service providing real-time data for estate agents, relocation agents, valuers and surveyors operating in the London area, Lonres.com owns the largest archive of sales and lettings transactions in central London and further provides tailored data and research analytics to its customers. William is a director of CLEA Ltd, which publishes the London Magazine, and is a consultant to Boston Radford Chartered Surveyors. He has nearly 30 years’ experience in the central London residential market and is known to all of London’s best agents. He commutes to and from Northumberland every week.
What to read next
London’s prime property market dip to drive a £1.6bn cut in this year’s SDLT receipts
Stamp duty receipts "so far this year have been much weaker than expected" says the OBR
By Prime Resi
Carrington on Q2: ‘There are better ways to deflate a bubble’
'The market is adjusting as it always does, but HM Treasury will bear some of the pain this time as they forgot that the London residential market is part of the economy, not a cash cow needing to be milked'…
The role of overseas investors in London’s new-build resi market
Major LSE study for GLA finds that overseas investment since 2010 has had a 'positive net effect on the availability to Londoners of new housing, both private and affordable'
By Prime Resi
Companies in this article
LonResMost read
Super-prime broker Fatemi reports £700mn deal run
£100mn-plus sale among standout transactions as UK Sotheby's exec flags changing UHNW property tastes.
Industry Panel: How 15 prime resi leaders would redesign England’s property tax system
Exclusive PrimeResi survey finds most respondents favour shifting the tax burden away from transactions and towards property ownership - but opinion is split over abolishing SDLT altogether.
By PrimeResi
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.
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.
By PrimeResi
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.
By James Moran
In Pictures: Inside Christian Bense’s new Park Hyatt show homes
South African designer kicks off series of interiors collaborations at new high-rise addition to London’s luxury branded resi scene.
‘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.
By PrimeResi
UAE developer lodges plans for 47-acre East London mega-scheme
Arada's team has drawn up a 'landscape-led masterplan' for the big Thameside West regen site.
By PrimeResi
Boutique agency secures high-profile £9mn listing at Riverwalk
Plumbing tycoon instructs Mayfair-based firm to find a buyer for his spectacular Thameside pad after upping sticks to Spain.
LATEST ARTICLES
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.
£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.
Savills recruits new resi sales head in Guernsey
Agency hires former Chestertons manager to run its expanding team on the island.
Value is in the eye of the buyer: Frances McDonald on Prime Central London’s new market reality
The Savills research chief highlights key trends at play in PCL, including some surprising statistics...
‘Pain in the post’ for UK housing market as transactions slip
Activity will be squeezed in the final three months of the year as the impact of higher mortgage rates from the Middle East conflict takes its toll, warns Knight Frank.