Format: News
Investors now account for 42% of prime central London property purchases
Prime London property prices ticked up by 0.8% in Q2 - the first rise since September 2014, and quite the change from Q1's -0.6% - as "investors strengthen their hold" on the PCL market.
39% of PCL deals go international as European buyers flock
39% of all buyers in prime central London during Q2 were originally from overseas, says Strutt & Parker, with a noticeable increase in buyers from Western and Eastern Europe, as well as from North America.
Sydney mansion smashes Australian price record
A ginormous house in a swanky suburb of Sydney has just sold for "between $60-$70m", making it the most expensive resi deal in Australian history.
US operations drive Savills revenue up 27% despite weak UK resi performance
Savills plc's global revenue shot up by 27%to £547m in the first half of the year, despite "the expected weakness in the UK Residential market."
Harrods Estates instructed to let ‘Marylebone’s most luxurious apartments’
The lettings team at Harrods Estates has landed a peach of an instruction in W1.
Chelsea landlord offers £2,700 per week DIY rental
In an unusual move, the landlord of a rental property on Mulberry Walk is tempting prospective tenants with carte blanche to completely redecorate a whole house.
Former Good Relations partner launches ‘no fluff’ property PR firm
Two former members of Good Relations' specialist property PR division have teamed up to launch a new indie agency in Midtown.
Savills buys Aussie estate agency; opens flagship resi office
Savills has completed its acquisition of Sydney-based real estate agency Cordeau Marshall.
‘Ability to buy’ improves across the country – Hamptons
Britain's 'ability to buy' is better now than it was in 1997, says Hamptons International, as the affordability of housing has improved in recent months.
85% of tenants are now opting to renew contracts – Foxtons
Foxtons is reporting that a record number - 85% - of all its tenancies are renewing contracts.
‘Substantial uptick’ in Manhattan deals as prices dip
"The number of Manhattan apartment sales greatly increased in the four weeks leading up to July 1," says New York real estate website City Realty from across the pond.
Pace of price growth in global prime cities halves – Knight Frank
"Asian cities are rising up the rankings," says Knight Frank, as seven of the top ten cities in its Prime Global Cities Index are now based in the Asia Pacific region.