The Market
Domestic buyers and new-builds dominate ‘soaring’ West End market
The resi sales market in the West End has "soared" since the election, reports CBRE, with enquiry levels and average values both up by nearly a third.
Investors now account for 42% of prime central London property purchases
Prime London property prices ticked up by 0.8% in Q2 - the first rise since September 2014, and quite the change from Q1's -0.6% - as "investors strengthen their hold" on the PCL market
39% of PCL deals go international as European buyers flock
39% of all buyers in prime central London during Q2 were originally from overseas, says Strutt & Parker, with a noticeable increase in buyers from Western and Eastern Europe, as well as from North America.
Sydney mansion smashes Australian price record
A ginormous house in a swanky suburb of Sydney has just sold for "between $60-$70m", making it the most expensive resi deal in Australian history.
Harrods Estates instructed to let ‘Marylebone’s most luxurious apartments’
The lettings team at Harrods Estates has landed a peach of an instruction in W1.
Knight Frank sells £5m Surrey mansion
Knight Frank's Guildford office has just tucked away a rather nice country house deal
Chelsea landlord offers £2,700 per week DIY rental
In an unusual move, the landlord of a rental property on Mulberry Walk is tempting prospective tenants with carte blanche to completely redecorate a whole house.
The "qui
85% of tenants are now opting to renew contracts – Foxtons
Foxtons is reporting that a record number - 85% - of all its tenancies are renewing contracts
‘Substantial uptick’ in Manhattan deals as prices dip
"The number of Manhattan apartment sales greatly increased in the four weeks leading up to July 1," says New York real estate website City Realty from across the pond.
South Bank Scramble: 1000 buyers register for Shell Centre apartments
How's this for a soft launch...
Over 1,000 buyers have already enquired about apartments in the soon-to-be-transformed Shell Centre, less than a week after the registration process began.
Immigration Bill: Why Greg Clark should let letting agents do their job
All this unpaid work is making life so tedious that it's almost not worth doing the job at all, says Trevor Abrahmsohn...
Prime London Lettings Market Overview: Analysing Q2’s ‘important shift’
In stark contrast to what's being going on in the sales market, average rental values across prime London are now 7.4% higher than they were at this point last year.