Company Tag: 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"
London’s prime property prices paint pretty picture for buyers – Coutts
Vendors are slashing prices by an average of 13% - and 21% in the £10m+ range - as transaction volumes slow to a six-year low, reports the Queen's bank...
London’s super-prime stock selling at fastest rate in three years
It's currently taking an average of just 12 weeks to shift a £10m+ instruction in the capital's prime postcodes, down from six months in 2017 and marking the shortest timeframe since the start of 2016;
Luxury price inflation is more than double the mainstream rate, says Coutts
Prices for high-end products and services have risen by 5.9% in the last 12 months, reports the Queen's bank
The City of Lights Vs The Big Smoke: Comparing prime property markets in Paris & London
Paris and London are very different cities - but they also have a lot in common, and both hold strong appeal for HNW property buyers.
Over half of prime London valuations are being marked down by surveyors, warns Coutts
Over the last 12 months, 52% of valuations in the capital's prime markets were revised downward before purchase, according to the Queen's bank, with average revisions ranging from 2.2% to 7.8%
Neighbourhood Watch: How local market performance is varying wildly across Prime London
The average price decline since 2014 now stands at just under -15% across Prime London, but new analysis shows how Fulham and Earls Court have sunk by more than 23%, compared to an average of 6% in Wimbledon…
Ranked: The top 10 British holiday home locations for HNWIs
Over 50% of Brits want to buy a holiday home in the UK, says Jackson-Stops, as Coutts bank ranks the ten most popular 'staycation' second home locations for its affluent clients
Prime London properties are selling with an average ‘discount’ of over 11%
It’s still a buyer’s market for luxury London property, says Coutts, but the market has 'stabilised significantly' & 'could be levelling out'
Down valuations risk scuppering deals as over half of prime London listings are discounted, warns Coutts
Falling prices & transaction numbers are prompting surveyors to mark down valuations on 40% of prime London deals, says the Queen's bank