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
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£11mn Mayfair townhouse snapped up in ‘ultra-fast’ deal
Former residence of Countess Raine Spencer on Farm Street sold within three days of listing, following a 'wave of enquiries from around the world'.
In Pictures: Cipriani Residences Miami’s London launch party
Mast Capital showcased its latest luxury branded residential project to Mayfair's deal-makers & glitterati last week.
By PrimeResi
Boutique agency goes big in Belgravia
Firm claims number one ranking after opening an office in the prestigious neighbourhood just ten months ago.
Rare new-build townhouse hits the market in Chelsea
Double-fronted project by boutique developer Wilben is the first new house on Gertrude Street for over 170 years.
PCL market ‘holds steady’ despite pre-Budget jitters
The number of applicants registering to buy was up by nearly 50% last month, reports JLL.
Banda moves into retail with virtual furniture & design gallery
Edo Mapelli Mozzi's new project showcases vintage interior design pieces that 'pay homage to global artisans and craftsmanship.'
By PrimeResi
Second-hand homes set new records in Mayfair
Wider uncertainty has failed to dent the historic district's appeal amongst global HNWIs, reports agency.
John D Wood & Co. recruits Savills’ Stuart-Mogg to lead Kensington sales
James Stuart-Mogg spent the last eight years with Savills.
By PrimeResi
Chancellor set to leave CGT rates for second homes ‘untouched’
New leaks from Downing Street suggest Rachel Reeves is planning to leave Capital Gains Tax on property sales unchanged, while increasing rates on other asset sales by 'several percentage points'.
By PrimeResi
Interview: Hamptons’ Craig Tonkin on positioning a heritage estate agency for success in today’s PCL property market
'Unlike a number of other agents we don’t feel threatened by the emerging ‘broker model’, indeed we see huge opportunity to evolve with it'
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