The Market
UK HPI: House prices increased by 2.2% in the year to May
London property values have increased for the first time on an annual basis since May 2023.
Prime London Property Market Snapshot: Week 28, 2024
Things continue to be relatively quiet in Prime Central London, with less home-buying and selling activity taking place in Week 28 2024 compared to the same seven day period in previous years
Luxury property values soar by a fifth on the French Riviera as international buyers return
Large oceanfront villas are now commanding an average value of over £20mn, higher than an equivalent residence in London’s St John’s Wood or a townhouse in Mayfair, as more UHNWIs opt for sunny wealth hubs…
‘The very best homes in Grosvenor Square are achieving £10k psf’: Peter Wetherell on how Mayfair’s super-prime market is faring
Luxury agency boss reveals what's been selling & who's been buying in London's most exclusive neighbourhood this year.
Completion rates running 40% below normal – Landmark
UK property market stagnated in H1 despite the strongest supply in years, reports data firm.
Agency reports ‘record’ super-prime spending in Prime Central London as property market stays ‘surprisingly robust’
Wealthy buyers bought a record £439mn-worth of £10mn+ homes in the first half of this year, reports JLL, contradicting some rival market reports.
Splash the Cash: Waterfront homes attract a 48% price premium
More than half of waterside properties sold in the UK go to cash buyers, reports Knight Frank.
Housebuilders back mandatory local housing targets as land values flatline
Prime Central London land pricing has "proven more resilient" than regional sites across England, says Knight Frank.
Top-end buyers downsize in London as Dubai, Miami & French Riviera woo world’s wealthiest
Competition from other wealth centres, concerns about a Labour government & taxation worries have led billionaires to spend less & buy smaller homes in PCL this year, reports Beauchamp Estates.
Labour’s First 100 Days: Prime resi leaders share their policy priorities for the new government
Property industry insiders reveal what they would do if they were in charge, from cracking on with planning reform and cutting Stamp Duty to clearing up the Building Safety Act
Prime London rental market slows after strong start to the year
LonRes recorded an annual decrease of 2.5% in lets agreed and a 5.1% fall in new instructions last month - while rental growth slipped to 0.4%.
Political certainty & a potential interest rate drop ‘bode well for Autumn market’
Rightmove heralds rising transactions as house prices 'remain stable overall' - despite 'more diversions than normal at this time of year.'