Deals drying up in Prime London as sales market goes into holiday mode
Last month's activity was on the low side, even by July standards, and there are signs the £5mn-plus market is finally beginning to buckle.
The market has cooled significantly in 2023 - and now there's even a chill running through the top-end of the market.
'A double-digit price fall does not exactly feel imminent', says Knight Frank, after recording some encouragingly high activity levels given the circumstances...
London’s super-prime market returns to pre-Brexit heights as wealthy buyers splash over £3bn on £10mn+ homes
Political uncertainty now creeping in again after top-end market enjoys best year since 2016.
Companies in this articleLonRes
Longstanding independent firm ramps up resi division with recruitment of high-profile broker & star of Britain’s Most Expensive Houses as head of sales.
Andrew Russell & Ben Bentley's independent firm, The Country House Department, is on course for a 'record' year following a number of big-ticket deals.
Freehold swathe on sought-after Tite Street has scope for a significant prime resi scheme.
The luxury estate agency is assembling a stellar team as it embarks on a 'new era' under its new owner.
Hamish Bruce has joined Inhous following stints at Marsh & Parsons and Black Brick.
Property firm adds new faces to its top-tier lettings teams in Prime Central London and in South West London & the Home Counties
Apartments at The Lucan - London’s first standalone Autograph Collection Residences - will come with a suite of five-star services laid on by luxury hotelier Marriott.
Election 2024: Prime property sector sees “cause for optimism” in the prospect of a Labour government
'The likelihood of an incoming Labour government no longer feels like a massive threat to prime property markets in London and the country,' says Middleton Advisors.
In Pictures: ‘Wild-luxury’ scheme in Dubai aims to ‘define the next generation of 21st century buildings’
European developer's 'holistic' waterfront project has been inspired by the Banyan tree and will feature thousands of crystals to 'eliminate any negative energy'.
Alex Michelin & Matthew Robertson's new development firm announces plans to deliver a 30-unit scheme on The Bishops Avenue, just weeks after embarking on a top-end project in St John's Wood.
Buyer confidence has been boosted by a number of factors over the last few weeks, and enquiries levels are back up to last year's levels, reports Eccord's MD.
By Jo Eccles
The RICS says it is its "duty to advocate policies that provide solutions to some of the most important challenges of our time."
'The rapid approach of peak rates is coinciding with a modest improvement in housing market conditions in some key global markets,' says Knight Frank.