The Market
The Return of the Russians: Super-prime deals soar as vendors cut prices
"The Russians are back" in London and there's some "serious interest" from mainland Chinese buyers says Knight Frank, as it reports a 92% increase in the number of super-prime £10m+ deals compared to…
Cooking Apple: New York super-prime sales up 120%
As median home prices across the US finally return to the kind of levels last seen in 2004, sales of New York's multimillion dollar resi properties have rocketed.
Midtown sales spike as buyers look beyond London’s golden postcodes
CBRE has reported 60% spike in sales in Q3 this year compared to last in Midtown - twixt Mayfair and the City - as buyers look beyond Mayfair and Knightsbridge.
Homeowner positivity chills out
Homeowners still tend to think that the value of their property is on the up, although "there is a clear shift towards a more moderate view of current and future price growth potential," says Knight Frank.
Mortgage lending jumps by 5% in a month as market steadies
Gross mortgage lending reached around £19n in October, estimates the Council of Mortgage Lenders.
Soho Works Estate comes up for sale
The Soho Works Estate, a half-acre site fronting both Great Marlborough Street and Poland Street, has just been listed for sale with a £67.5m price tag.
Knight Frank opens up in Barnes
Knight Frank has just opened the doors to its new office on Barnes High Street, SW London.
Chelsea Crossrail station ‘still on track’ as safeguarding plans updated
It looks like the King's Road option, rather than the World's End, is the front-runner for the location of a new Crossrail 2 station in Chelsea.
‘Use the current economic sunshine’ before the next global slump in 2018 – Grosvenor
The UK is on track to be hit by another downturn in real estate markets in 2018, just after the US, claims Grosvenor's Group Research Director Graham Parry.
Strong start for Derwent’s Art Deco cinema conversion
Derwent London's redevelopment of a former cinema on Queensway has got off to a flyer, with 50% of the units selling within the first two weeks of launch.
Permitted Development Rights fails to deliver as policy deadline looms
Less than 6% of homes approved through Permitted Development Rights in major London schemes of 20 units or more have actually been delivered, according to some startling new findings.
FORECASTS: ‘Ugly Betty’ properties, the £2m opportunity, and the rise of rural – Stacks
Property search agency Stacks has canvassed its senior types to come up with a series of mini-forecasts for next year.
Here are some nuggets: