Format: News
London’s super-prime market ‘changes direction’ as sales slow from a surge to a trickle
A flurry of £10m+ transactions in Q1 has been brought to an abrupt halt by Covid-19, reports Knight Frank, although "buyer interest remains strong pending the market reopening".
High Court quashes Crime Agency’s super-prime Unexplained Wealth Orders
The NCA says it will appeal the decision, as it continues to go after Kazakh-owned luxury properties in Hampstead, Highgate and Chelsea.
A London agency has generated 250 offers and agreed 88 sales since the lockdown began
The market is 'quieter than normal...but far from dead', according to 33-branch Chestertons...
BTL purchases sink to record low as landlords leave be
Landlord purchasers accounted for just 8% of sales across the country in Q1, down from 15% in the previous quarter; 'Maybe they got a surprise when they filed their tax returns in January', says Hamptons...
HNW mortgage lenders move to remote valuations to keep super-prime markets moving
"Private banks once opposed to accepting remote and desktop valuations began tentatively changing their approach this week in a move that could stem sharp declines in prime property market activity," says…
Nuclear-proof LA mansion with rooftop tennis court lists at $30m
Once rented by Prince, this 1953 estate is the stuff of Hollywood real estate legend
Lenders have now pulled half of all home-buyer mortgage products
Banks have shelved around half of their mortgage products in the least few weeks in response to the Coronavirus crisis and 0.25% interest rate.
Zoopla extends Coronavirus freebie offer to five months
Property portal confirms a two-month extension to its free usage period for agents affected by the Covid-19 lockdown.
NYC apartment sells for over $50m mid-lockdown
Buyer with nerves of steel signs on the dotted line for a full-floor unit at 220 Central Park South
Foster + Partners designs reusable visor for mass production
World famous architecture practice hopes its design nous can help the fight against Covid-19
Property sales have slumped by 70% since the lockdown
Transaction numbers have plummeted since the start of the Coronavirus lockdown, but homes continue to be listed for sale, says Zoopla.
Prime London’s property market was surging before the lockdown
Prime Central London saw its fastest quarterly rate of property price inflation in five years in Q1, before the Coronavirus hit.