Company Tag: Coutts
‘Well & truly on the rebound’: Property prices rise & discounts drop in Prime Central London
“The market for properties worth £1 million or more in London is well and truly on the rebound, having been in the doldrums over recent years,” says Coutts’ CEO, Peter Flavel. “Pric
Mapped: Which prime London enclaves have seen the biggest property market shifts since 2019?
Coutts bank has highlighted some prime London locations that have seen notable shifts in property buying activity compared to pre-pandemic times.
Record number of £1m+ sales in London
"Happy holiday for luxury London property", declares Coutts bank, as the prolonged Stamp Duty tax break drives record sales in the capital.
Prime property sellers ‘prioritise a quick sale rather than hold out for a higher price’ – Coutts
Prime London properties are selling faster than last year, but prices continue to fall.
Prime London ‘buying frenzy’ cuts price discounts & sales times
Q4 saw the average prime London property price rise by 3.6%, according to Coutts bank, taking it back to roughly the level seen just before the pandemic struck the UK.
PCL prices have ‘fallen back to Earth’ despite activity surge – Coutts
"Prime Central London looks cheap," the Queen's bank tells its HNW clients in its latest property market report.
There are ‘bargains for buyers in the capital’s coveted postcodes’ – Coutts
"Some parts of central London are now looking extremely cheap compared to their previous price levels," suggests Coutts Bank, going so far as to advise its HNW clients that there are "bargains for buyers…
Under offers piled up as the lockdown halted prime London’s property market recovery
Nearly a third (30%) more London homes were marked as "under offer" at the end of March compared to the same time a year ago, according to LonRes data mined buy Coutts bank, as deals piled up under the …
Prime London stock levels drying up as new instructions halve
Most areas have seen new listings fall by over 50% since the height of the market in 2014, reports Coutts
Luxury lifestyle prices are rising twice as fast as mainstream consumer inflation
Coutts bank's measure of luxury price inflation has risen by 4.7% a year since 2016; twice the rate of the mainstream Consumer Prices Index
‘Chill winds returned to the London prime property market over the summer’ but ‘there are now reasons for optimism’
"Chill winds returned to the London prime property market over the summer," says Coutts bank, although "there are now reasons for optimism regarding a potential bottoming of the market"
Prime London price rises ‘an indication that the bottom of the market has been reached’ – Coutts
"Prices are edging up" and gazumping is back in prime London, Coutts bank tells its HNW clients - "but don’t get excited"