Format: News
Agency reports ‘record’ super-prime spending in Prime Central London as property market stays ‘surprisingly robust’
Wealthy buyers bought a record £439mn-worth of £10mn+ homes in the first half of this year, reports JLL, contradicting some rival market reports.
Splash the Cash: Waterfront homes attract a 48% price premium
More than half of waterside properties sold in the UK go to cash buyers, reports Knight Frank.
Housebuilders back mandatory local housing targets as land values flatline
Prime Central London land pricing has "proven more resilient" than regional sites across England, says Knight Frank.
Top-end buyers downsize in London as Dubai, Miami & French Riviera woo world’s wealthiest
Competition from other wealth centres, concerns about a Labour government & taxation worries have led billionaires to spend less & buy smaller homes in PCL this year, reports Beauchamp Estates.
Buyers compete over Residence One project in Belgravia
Rare mews house in a secluded enclave near Belgrave Square achieved over £2,850 psf.
Savills recruits new Brook Green sales boss from Marsh & Parsons
Agency announces 'key hire' in west London.
Prime London rental market slows after strong start to the year
LonRes recorded an annual decrease of 2.5% in lets agreed and a 5.1% fall in new instructions last month - while rental growth slipped to 0.4%.
Political certainty & a potential interest rate drop ‘bode well for Autumn market’
Rightmove heralds rising transactions as house prices 'remain stable overall' - despite 'more diversions than normal at this time of year.'
Monday Market Review: Key figures & findings from the last seven days
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from LonRes, Rightmove, Beauchamp Estates, Benham & Reeves, HMRC, Foxtons, Savills, Knight Frank…
Property industry bodies call on Rayner to regulate estate agents
An open letter from the RICS, PropertyMark, British Property Federation & more calls for the resurrection of RoPA legislation.
There is a sense that the summer slowdown has come a little early – LonRes
Latest Prime London data shows activity slowed in the lead-up to the General Election, while the annual rate of price growth dropped to -4.5%
HNW property developers & investors are ‘optimistic’ about UK real estate
We're 'past the eye of the storm', says Investec as property developers & investors display 'a clear sense of both growing optimism and activity levels.'