Format: News
‘The business of architecture is under stress’ as projects pause
45% of architects have reported a decline in personal income, says the RIBA
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.