The Market
How much prime resi will US$1m buy around the world?
Monaco, Hong Kong and London are the most expensive places to buy a single square metre of prime residential real estate, according to the latest sums from Knight Frank and Douglas Elliman.
Gothic masterpiece by famous Bugatti hill climb asks £3m
An important early Georgian Gothic Revival house has hit the market complete with a private driveway over the legendary Prescott Hill Climb, home of the Bugatti Owners' Club.
£350m Old War Office sale goes through
The sale of the 580,000 square foot Old War Office was formally put to bed yesterday, paving the way for Churchill's former stomping ground to be turned into resi apartments and a luxury hotel.
A third of West End sales now achieve over £2250 psf – CBRE
CBRE has reported a particularly strong few months in the West End market, after tucking away just shy of £60m worth of stock in Q4.
Prime central London rents slip on global volatility
Annual rental value growth in prime central London has fallen to -0.2%, says Knight Frank, the first time the annual rate has pointed downwards since June 2014.
Mapping the Market: London’s Golden Postcodes lose their shine
London's Golden Postcodes are losing their shine, as both sale and rentals values slip according to the latest analysis by Knight Frank.
Sale prices across prime central London dipped by 0.
Sub-£1m properties ‘face extinction’ in Mayfair and the West End
The sub-£1m home is soon to become a thing of the past in Mayfair and the wider West End.
Mayfair townhouse tops January’s recorded deals
Only a handful of super-prime resi deals featured in the latest release of Land Registry data, which looks increasingly like the new normal.
The £15.
Osborne trumpets a ‘fair, workable, lasting’ SDLT reform
George Osborne says that over 780,000 homebuyers saved an estimated £657m on Stamp Duty Land Tax (SDLT) in the year since the tax was reformed, while receipts from £1m+ sales increased by 15%.
Demand slips in prime central London as uncertainty catches on
"Uncertainty in financial markets and domestic political concerns have moderated demand in prime central London," says Knight Frank.
JLL cuts central London resi development growth forecasts
Weakened demand has prompted JLL to significantly downgrade its forecasts for central London's resi development market.
Two-unit amalgamation deemed ‘development’
An owner looking to combine two London flats into a single unit has been denied a LDC after a planning inspector decided the work would come under the official sec.55 definition of "development".