Main image: According to LonRes, around 50-55% of the current available stock in PCL postcodes has already had a price reduction
Is the Prime Central London market ready for the Great Wealth Transfer?
Alpa Bhakta explores 'a profound generational & cultural transition that could have a significant impact on how & where money is spent, saved & invested.'
Alpa joined Butterfield in 2011 to develop the UK property finance unit at the Private Bank in the UK and has since been promoted to Managing Director of Butterfield Mortgages Limited, and subsequently named CEO. She now manages a team of dedicated colleagues in servicing niche areas of the HNW mortgage industry. Prior to Butterfield, Alpa worked at BNP Paribas Fortis, where she headed up the private property finance team and was integral to launching and growing the lending portfolio from 1999. Previously she held positions with Credit Agricole Indosuez private bank and NatWest.
Billionaires face headwinds as ‘the greatest transfer of wealth in human history’ looms
"After more than 20 years of unprecedented wealth creation, the Second Gilded Age has stalled"
By Prime Resi
Starboard! Ollie Marshall on wealth, Reform & what’s next for Prime Central London
The political tide is turning & savvy buyers may only have a limited window to capitalise on a heavily discounted market, explains Prime Purchase director Ollie Marshall.
House of the Rising Sun: Why Prime Central London property is out of sync with global market cycles
Various factors have led to an unusual disparity between PCL values and those of major financial hubs around the world, writes Ollie Marshall; it's no surprise that overseas buyers are making their move...
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Strutt & Parker launches broker team to ‘super-charge’ prime London business
Exclusive: After six months building a crack team of PCL brokers, sales chief Claire Reynolds has unveiled a new 'hybrid' operating model that promises to 'redefine agency' in the capital.
By PrimeResi
OB Private scales up with senior hires & new brokerage arm
Six new recruits arrive - including an established team from Chestertons - as PCL agency rolls out broker platform alongside employed structure.
Grant J Bates Property installs new lettings boss
Ex-Hamptons associate director to spearhead prime lettings push at fast-growing luxury brokerage.
Talking Heads: How a cyber-attack put the PCL property sector in limbo
PrimeResi hears from some of the capital's top property brokers, lawyers & developers, about how November's IT hack exposed a fragile planning system, put transactions on ice, and continues to cause 'havoc'…
By PrimeResi
Ex-Savills & JLL duo take on Winkworth franchise in north London
Seasoned operators acquire Crouch End outpost & eye expansion.
Dubai luxury scheme sells out on launch after 3,000-broker preview
DIFC Zabeel District’s first resi development fully sold as city's market momentum continues.
Buyer picks up rare project on Belgravia’s Chester Square
Unmod townhouse on arguably the neighbourhood's classiest garden square sold off a £11.95mn guide.
High-end estate agency opens Cotswolds HQ
Boutique firm expands with flagship base in Oxfordshire hotspot.
Cohort agrees £20mn loan against £56mn Mayfair home
Big-ticket refinancing was agreed in only three weeks.
By PrimeResi
Heaton returns to LCP Private Office as Executive Chair
PCL big-hitter 'steps aside' from hospitality venture The Other House; takes up exec role at the buying agency she founded in 1990.
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Consero starts works on ‘flagship’ Virginia Water scheme
Construction has started on a ten-house development in the affluent Surrey area.
By PrimeResi
‘Buyers remain firmly in control,’ says national buying agency
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