The Market
Mayfair mansion goes for £32m
A 10,000 square foot Grade II mansion in the heart of "Mayfair Village" has just sold on a guide price of £32m.
Crossrail hubs on track for 40% price surge
Residential prices around Tottenham Court Road, Farringdon and Canary Wharf look set to steam ahead by 40% over the next five years, as Crossrail cuts a swathe through the capital and drives massive -…
Rightmove adds lettings fees disclaimer to listings
Rightmove has added a little disclaimer to all lettings listings in an effort to mitigate against the Advertising Standard Authority's ruling last week, which requires agents to include all compulsory…
Battersea rents catching up with Notting Hill as PCL prices level
There are twice as many buyers and tenants to each property outside prime central London, compared to inside the PCL zone, according to the latest Douglas & Gordon Market Barometer.
Required Reading: New guidance on Leasehold Valuation Tribunals
Landlords of residential property who carry out repair works to their property have been given a helping hand by the Supreme Court, say Mishcon de Reya's Philip Freedman and Jonathan Warren.
Labour’s mansion tax plan defeated in the Commons
Labour's motion for a Mansion Tax on properties worth over £2m has been defeated by 304 votes to 241 in the House of Commons, after the Liberal Democrats sided with the Conservatives.
Parklife: One Cornwall Terrace goes for £80m
A company controlled by the entrepreneur Marcus Cooper has reportedly bought one of London's most expensive terraced houses - a Grade I listed mansion on Cornwall Terrace overlooking Regent's Park with…
The Westminster Constitution: The Portman Estate
Following this morning's news of the £37m purchase of the entire Eastern side of Portman Square, Martin Bikhit continues his analysis of Westminster's key micro markets with the in-demand Portman Estate...
Industry welcomes lettings regulation
A whole bunch of lettings industry organisations have been cheering the Lords decision to to introduce a modicum of regulation to the lettings business.
Scottish prime prices now 20% below peak (and they need to come down another 10%) – Savills
Prices in Scotland's prime market (classed as anything over £400,000) have fallen 20% from peak, according to the latest figures from Savills.
“Remarkable” resurgence in £5m+ activity – W.A. Ellis
There was a "remarkable" resurgence at the upper end of the prime central London sales market in February, according to W.A. Ellis, with a marked rise in both transaction volumes and instructions.
Balance of power shifts to tenants as supply of prime rental stock shoots up
After a significant shift in supply levels, the pendulum of power in London's prime lettings market appears to have swung away from the capital's landlords, according to Chesterton Humberts' latest findings.