Cash buyers dominate in Prime Central London as mortgage rates climb
Nearly three-quarters of recent residential property deals in Prime Central London involved cash buyers, according to analysis by Savills.
The average asking price discount has climbed to 3.8%, says Zoopla, as one in six vendors accept offers at least 10% below their initial asking price.
‘We are beginning to see clear signs of a rebound in Prime Central London’: Strutt & Parker flags resurgent property market
'Regained optimism signals a spring rally' for prime property markets in and around London, says Strutt & Parker, as the estate agency stands by its 2023 house price forecasts despite a turbulent economic…
'The economic mood has darkened but the market is far from grinding to a halt,' says Knight Frank's research chief, Tom Bill - although 'the air continued to slowly come out of the prime London property…
By Tom Bill
Companies in this articleSavills
Longstanding independent firm ramps up resi division with recruitment of high-profile broker & star of Britain’s Most Expensive Houses as head of sales.
Inside an Elm Park Road townhouse reworked by the world-famous design studio.
CBRE and Beauchamp Estates are about to launch sales at Three Kings Mayfair, for JV developers 1.61 London, Urbanwise and Valpre.
Boutique development on Mount Street houses four luxury apartments designed by Rigby & Rigby, plus some retail and office space.
High-end specialists from Savills summarise the key drivers shaping the PCL lettings & sales markets this year.
Almacantar reports strong interest from domestic and international buyers across its West End portfolio.
Hamish Bruce has joined Inhous following stints at Marsh & Parsons and Black Brick.
Rare 3,000 sq ft duplex overlooking the famous Piazza is expected to attract wide-ranging interest.
Freehold swathe on sought-after Tite Street has scope for a significant prime resi scheme.
Buying agent Marcus Gondolo-Gordon agrees with the Climate Change Committee, that EPCs 'create market uncertainty and are in urgent need of reform' - and he has some practical suggestions for how things…
Andrew Russell & Ben Bentley's independent firm, The Country House Department, is on course for a 'record' year following a number of big-ticket deals.
Monthly survey of UK estate agencies shows a bounce in market activity through August.