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.
Property price cuts on the rise as higher mortgage rates ‘hit buying power by up to 20%’
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.
By PrimeResi
‘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…
By PrimeResi
Tom Bill: Prime London market resilient despite rising mortgage costs
'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 article
SavillsMost read
First Look: £500mn ‘vertical village’ takes shape in Kensington
100 Kensington is due to reshape the West London skyline with the tallest resi tower ever delivered in the Royal Borough.
Strutts bolsters country house team with hires from Savills & Knight Frank
James Machell & James Robinson have joined the BNP Paribas-owned estate agency's National Country House Department.
By PrimeResi
Benchmark deal in Marylebone demonstrates art of ‘old-fashioned agency’
£9.95mn apartment attracted multiple bids and set a new 2025 price record - with zero public exposure.
‘I have never known such a challenging marketplace’: Inside 2025’s great country house slowdown
Mishcon de Reya's Idina Glyn speaks to some of Britain's top rural property agents to uncover what's really been happening in the prime country house market.
By Idina Glyn
Talking Heads: How the business of luxury property has evolved over the last 25 years
PrimeResi’s panel of seasoned property leaders unpacks the major shifts reshaping the industry in the 21st century - from greater transparency & regulation to tackling discrimination & rethinking collaboration.
By PrimeResi
Social Circuit: ‘Off-market’ networking series debuts in Knightsbridge
Invite-only soirées aim to reimagine offline networking for London’s prime property insiders.
Huge St John’s Wood apartment block heads to auction
157-unit freehold building just around the corner from Lord's will be going under the hammer next week.
Massive payout in ‘landmark’ Bankside Rights-of-Light ruling
'These are believed to be the highest negotiating damages ever awarded in a rights of light case,' say lawyers.
By PrimeResi
Altius picked to deliver ‘once in a generation’ West End tower scheme
The Huguenot House development team includes architects Foster & Partners and contractors Erith.
By PrimeResi
LATEST ARTICLES
Huge St John’s Wood apartment block heads to auction
157-unit freehold building just around the corner from Lord's will be going under the hammer next week.
A sea view adds a third to a property’s value – Rightmove
Property portal reveals the price premium sellers are seeking for a home with a sea view in 2025.
By PrimeResi
Talking Heads: How the business of luxury property has evolved over the last 25 years
PrimeResi’s panel of seasoned property leaders unpacks the major shifts reshaping the industry in the 21st century - from greater transparency & regulation to tackling discrimination & rethinking collaboration.
By PrimeResi
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes.
Social Circuit: Luxury real estate design leaders gather at The Groucho
The famous Soho establishment provided the backdrop for the second outing of The Vanguard Collective.