Format: News
Luxury home sales ‘skyrocket’ in the USA while the mainstream market slows
Redfin has reported a significant increase in high-value home sales in the USA, while more affordable markets dwindle.
PCL’s altered rental market in eight charts
"Anyone worried about the future of city life should take reassurance from the 21% increase in under 30-year olds starting new tenancies compared with the same period prior year," notes the CEO of London…
Agency advertises ultra-prime Chelsea mansion ‘at a preferential price for a quick sale’
'VVIP owners' on Boltons Place are looking for c.£50m, according to an intriguing new listing...
Important Jacobean mansion sold in Somerset
The Grade I listed Newton House dates back to the early 1600s and had been completely restored by the vendors over a number of years...
Hybrid estate agency doubles headcount in the UK
eXp is gaining "serious traction", claims UK boss Adam Day, with nearly 100 local agents on the books.
More spent on super-prime homes in London this year than last, despite the pandemic
Knight Frank reports that £1.13bn was spent on £10m+ homes in London in the first eight months of this year - 16% more than the £977.5m recorded in 2019.
Post-lockdown activity surge continues in Prime London
New instructions have been running at double the levels of last year and more properties have been going under offer, but transaction volumes are taking a while to catch up...
UK comes close to last in OECD property tax rankings
Britain slips down to 22nd position in the International Tax Competitiveness Index, and is now ranked 33rd out of 36 on property taxes...
Glam Art Deco mansion in St John’s Wood seeks £17.25m
Unusual 1938 specimen on Hamilton Terrace was once the home of the Marquis & Marquise de Casa Maury.
UAE & USA lead international HNW mortgage activity in the UK
Over a third of the UK's high-end international mortgage activity has come from UAE-based buyers, according to some analysis by broker Enness.
Heat Mapped: London & national house price growth
Prices continue to rise fastest in the capital, according to the latest Acadata/e.surv HPI, with a monthly movement of 2.6% taking the annual change to 7.6%.
Rents rise to record levels outside London
London rents continue to fall, reports Rightmove.