Format: News
‘$500mn’ LA mega-mansion fetches $126mn at auction
Five bidders went head-to-head over Nile Niami's 'The One' last week; pending sale still requires approval by a bankruptcy court judge
Savills raises £52mn in biggest March auction since 2015
One lot received more than 70 bids in 45 seconds
Weekly Showcase: Ten featured prime resi listings
PrimeResi’s regular stock check, powered by LonRes
Leaders Romans Group buys another West London estate agency
LRG has made its first acquisition under new ownership, picking up four-branch London estate agency Northfields.
Prime resi leaders’ new podcast promises ‘intimate chats about luxury, property & lifestyle’
Caroline Donaghue and Priya Rawal have teamed up to create a new podcast, "delving into the true stories behind the leaders, influencers and personalities within property, luxury and lifestyle."
Global luxury housing boom to continue, with more subdued price growth
Knight Frank is predicting continued price rises for international luxury property markets in 2022 - although the pace of growth is likely to be significantly lower than 2021's extraordinary performance.
Pre-pandemic stability beckons for UK property market as supply levels finally pick up
New listings have been running at 5% above the five-year average in 2022 so far, reports Zoopla, but demand is still at near-record levels - half of all homes where sales were agreed were snapped up within…
Market Snapshot: New York reaches new heights as exodus goes into reverse
After a record year in 2021, prime prices in Manhattan are tipped to rise by another 5% in 2022, despite the dual headwinds of rising inflation and interest rates
Westminster’s important new building rules ‘place sustainability at the heart of the built environment’
New guidance for property developers "will ensure the highest possible proportion of development requiring planning permission achieves net zero carbon emissions," says Westminster Councillor Matthew Green.
UK housing market to cool after 2021 boom – Oxford Economics
"A soft landing is more likely than an abrupt correction" in house prices, says a top forecasting house.
Housing Secretary eyes seizure of UK property owned by sanctioned Russians
“Freezing assets is not enough”, says a DLUHC insider, as Michael Gove reportedly considers steps to seize Putin-linked homes in the UK without compensation.
Knight Frank expands super-prime lettings offering in the Home Counties
New department head Jamie-Leigh Harvey has achieved record prices on a number of flagship rentals across the region