Home-seller profits shrink as gains fall back to pre-pandemic levels
But 91% of sellers in 2024 still sold their homes for more than they paid, with nearly a third making six-figure gains.
UK housing market ‘back to its pre-pandemic size’
Savills estimates the total value of the UK property market contracted by 21% in the year to March, falling back to 2020 levels.
By PrimeResi
Foreign investment in London property remains well below pre-pandemic levels, despite a surge in dollar-buyers
Dollar-based buyers enjoyed significant currency discounts on homes in London last year, but demand from European and Middle Eastern buyers remains low.
By PrimeResi
Ranked: Where home-sellers made the biggest profits in 2023
Homeowners who sold-up in 2023 did so for an average of £103k (48%) more than they initially paid for their home, says Hamptons, down from a record high of £113k in 2022.
By PrimeResi
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Strutt & Parker launches ‘refreshed’ Private Client Department
Agency's new-look offering for the super-rich, headed by Keir Waddell, provides 'one-stop' access to over 200 specialist services.
Well-known boutique agency moves into Mayfair
Hermione Russell & Ed Woolgar are leading Russell Simpson's third Prime Central London office.
By PrimeResi
London resi veteran launches boutique buying agency
Matt Leitch's OQO London specialises in property searches & acquisitions for buyers & investors.
By PrimeResi
Dubai developer taps London agency to launch mega-tower with £218mn penthouse
Fine & Country will showcase the 'astonishing' 725-metre Burj Azizi to buyers in Mayfair from next week.
Off-market deal sealed on £14.5mn Academy Gardens trophy home
Boutique agency finalises another hefty sale in the prestigious scheme on Kensington's Phillimore Estate.
Interview: Laura Conduit of Farrer & Co on navigating the legal side of luxury property
'It’s about being a normal human being and not a stuffy lawyer'; PrimeResi meets the head of property at one of London's oldest & best-known law firms.
Original Chelsea farmhouse brought to market
Georgian 'gem' overlooking Chelsea Green was once surrounded by open countryside.
James-Wright joins Cuthill’s Blue Book Agency
Top country house expert moves from The Buying Solution to Lindsay Cuthill's two-year-old firm.
By PrimeResi
Simon Rose: Why 2025 is the year of buyer value in Prime London
Seasoned PCL specialist makes sense of the conflicting messages & market data coming out of the prime postcodes.
By Simon Rose
Cadogan completes Sloane Street’s ‘grand transformation’
The £46mn public realm revamp was designed by John McAslan + Partners with Andy Sturgeon.
By PrimeResi
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Knight Frank: Five reasons developers should bet on London’s land market
Resi development boss Nick Alderman makes the case for building in the capital, amid market resilience & 'unique opportunities' in the residential space.
Luxury Bankside scheme nears £300mn sales milestone
JTRE London's Triptych Bankside project is now 80% sold, following a run of deals which included 'the most exceptional residence within the development'.
It now takes an average of 127 days to sell a £1mn-plus property
New listings & deals were both up across the UK last month, new data shows, but the average time taken to sell has hit a six-year high.
Top Surrey letting agency adds Area Manager
APW Property is part of John D Wood & Co.
By PrimeResi
Australia to ban foreign property buyers for two years
'This isn’t a silver bullet, because there is no silver bullet,' says Housing Minister Clare O'Neil as the country prepares for an election - 'but this is an important piece of Labor’s absolutely massive…
By PrimeResi