Format: News
International prime property prices surged in 2021 as ‘luxury homes became the asset class of choice for UHNWIs’
Knight Frank's Prime International Residential Index posted its biggest ever year in 2021, with luxury property prices around the world rising by an average of 8.4%.
Foxtons confirms first profit in five years; opts to keep mortgage arm Alexander Hall
London estate agency Foxtons made an £8.9mn operating profit in 2021 - up from £1.9mn in 2020, and from a £700k loss in 2019.
‘It seems everyone is after the same thing’: UK families hone in on Earl’s Court & South Ken
Savills has reported some interesting goings-on in the key west London markets of Earl's Court and South Ken, as “seriously committed” domestic buyers put down roots in the capital.
Abramovich selling off London homes, claims MP
Chris Bryant told parliament the Russian billionaire was 'terrified of being sanctioned'
Savills announces huge raft of promotions
48 UK resi agency staff move upwards, including ten to director level
BoE considers withdrawal of mortgage affordability test, as rates set to rise
“Letting people borrow more money looks like a risky move at a time when house prices are sky high and the outlook is uncertain," comments one analyst as the Bank of England opens a consultation on loosening…
Knight Frank recruits Goldschmidt & Howland director to lead St John’s Wood sales team
Neir Gigi takes the reins from James Simpson, who is retiring after 20 years with the agency
Grand Registry: Surveying last month’s biggest registered deals
Sizeable sales were recorded in South Ken, Hampstead and Surrey in January, according to the latest Land Registry data
Mortgage lending rises
January's mortgage lending data shows activity is running above pre-pandemic levels.
PCL buying agency ‘inundated’ as city living regains appeal
The great retreat from urban life appears to have gone into reverse, says Black Brick
Winkworth takes over Vickers & Co in Maida Vale
Franchised estate agency Winkworth has opened its 13th office in prime London, covering Maida Vale and Little Venice.
‘There will be nowhere to hide’: Government fast-tracks Economic Crime Bill & register of overseas property owners
"Time is up for Putin's cronies hiding dirty money in the UK and this new legislation will help to crack down on economic crime, including removing key barriers to using Unexplained Wealth Orders," says…