Is this the sign that the London market is bottoming out?
LCP has just recorded the smallest annual decline in transaction levels across Prime Central London since 2014; 'an increase in activity normally presages price growth', says the firm, but investors 'may hold back again' with the prospect of a no-deal Brexit looming...
What to read next
Prime London Market Snapshot: Rents roar while sales ‘return to normal conditions one step at a time’
"There has never been a busier lettings market at any time over the last 20 years," says Knight Frank's head of prime lettings, David Mumby.
By PrimeResi
‘London’s overall influence on the prime market has dropped’, says Rightmove, as Scotland becomes Britain’s fastest-moving £1m+ property market
London now accounts for 40.5% of all seven-figure transactions in the UK, down from 47% before the pandemic.
By PrimeResi
Prime London property market ‘shrugs off’ end of stamp duty holiday
"We can confidently predict a strong end to the year," says Knight Frank, "just less frenetic than the first six months."
By PrimeResi
Companies in this article
London Central PortfolioMost read
Knight Frank puts heavyweight duo at helm of London Private Office
Specialist division brings together the firm's 'most accomplished advisers' for UHNWIs.
Boutique London agency snaps up another lettings portfolio
Around 50 managed properties join the firm’s books as it continues its expansion across PCL & SW London.
Italy’s exit tax plan raises eyebrows in Britain
'Perhaps we don’t look so bad after all?' quips top London buying agent as Rome pitches a departure charge for wealthy residents.
Top-end Kensington scheme racks up over £70mn in sales
Developer unveils resident amenities and reports latest sales progress at Squire & Partners-designed project.
PCL agency bolsters team after high-end deal run
Former Aston Chase ops manager joins alongside two agents as the Mayfair-based firm sets its sights on further expansion.
Buyer swoops on ‘one of London’s most celebrated historic houses’
Architecture wins out over postcode as purchaser searching in Westminster exchanges on landmark mansion south of the river.
£48mn price tag for Bryan O’Sullivan-designed penthouse at Chelsea Barracks
First Look: Inside one of the year’s biggest new-build launches.
Native Land teams up with Singaporean investor for PCL acquisition drive
Kensington block changes hands as new venture targets the capital’s prime rental market.
Elicyon names new Creative Director
Rebecca Larn steps up at Charu Gandhi's London-based luxury design firm.
Guy Meacock: ‘These are the best conditions I have ever seen, from my side of the negotiating fence’
Seasoned agency boss on what's next for buyers in Prime Central London.
By Guy Meacock
LATEST ARTICLES
Foxtons reports revenue drop across sales & lettings
Plc reports 6% decline in total revenue thanks to lower sales fees and 'initial disruption' following implementation of the Renters' Rights Act.
By PrimeResi
UK Sotheby’s signs Surrey specialist from Savills
Experienced agent joins as firm gears up for ‘important next step’ in the county.
Down-valuations at the top end: What agents can do before & after the surveyor’s number
Islay Robinson on why valuations come in short on prime property, how agents can head them off, and what to do when the figure still falls below the agreed price.
Watch: Becky Fatemi & Priya Rawal on where global wealth is moving
Priya Rawal's Luxury Property Forum has launched a podcast series, featuring conversations with super-prime insiders.
By PrimeResi
My Property Career: Quickfire Q&A with Winkworth’s Christian Lock-Necrews
Recruitment guru Barry Collins chats with prime resi industry leaders & entrepreneurs, distilling decades of experience & career highlights into 60 seconds.