Lack of permissions to hit new-build pipeline after bumper year
252,500 new homes were completed in 2022, the second-highest figure since the Global Financial Crisis.
Enquiries are up 60% this year, reports PCL buying agency
Black Brick notes some 'green shoots of hope' across the prime postcodes.
‘Love at first sight’ for 30% of UK buyers last year
Buyers are 'increasingly decisive' during viewings these days, reports Knight Frank.
US billionaires splashed over £600mn in London’s top postcodes last year, with more to come in 2023
Ultra-wealthy Americans spent a record amount on luxury PCL homes in 2022, and are tipped to continue dominating the super-prime property market in the year ahead.
Companies in this article
SavillsMost read
Trophy Lancaster Gate apartment block offered for sale
Agents instructed on rare unbroken freehold building just off Hyde Park, with investors and developers expected to target.
Watch: Beauchamp boss reveals how billionaires really buy homes in Prime Central London
Veteran super-prime agent Gary Hersham discusses the psychology of trophy-home purchasing, shifting UHNW demand patterns - and why the very top end has effectively detached itself from the wider Prime…
In Pictures: Ashgrove Homes & Studio Indigo collaborate on Belgravia mews project
Luxury development and design teams complete 3,000 sq ft residence on one of PCL's sought-after cobbled backstreets.
Art Deco-inspired ultra-prime mansion changes hands in Knightsbridge
Luxury developer sells pair of trophy homes - including the former residence of ballerina Margot Fonteyn - in fresh boost for PCL market.
Licence to Sell: Firethorn brings former Westminster ‘spy school’ to market
Agents instructed on 'landmark' London office block with MI5 links and consent for a significant resi reinvention.
Super-prime Barnes gem changes hands in landmark off-market deal
Sale of Grade II listed house ranks among SW13's biggest in recent years.
In Pictures: Met-linked Palladian masterpiece hits the market at £12mn
Oxfordshire’s Grade I listed Kirtlington Park sits in the very top echelon of England’s country houses, says Savills, as it lands another trophy instruction.
Rare fully-consented PCL development opp seeks buyer
The oven-ready boutique scheme in Bayswater could have a GDV of £9mn.
By PrimeResi
High-Value Tenancies & SDLT: What agents and advisors need to know
Required Reading: Olivia Minghella & Sean Randall explain why stamp duty remains a live issue in the prime rental market despite recent legislative changes.
Grosvenor backs Westminster resi scheme with £22.6mn loan
Prominent Vincent Square building is being reworked as 26 homes.
LATEST ARTICLES
Off-market properties outnumbering online listings by 5:1 in PCL, says buying agency
Fear of not having seen everything available is now the main factor weighing on buyers’ minds and undermining confidence, reports Eccord.
Notting Hill villa changes hands for nearly £32mn
Mid-19th century residence is one of the area's finest examples.
Rupert Collingwood: The property ladder is freezing from the top down
If we want the market to function more efficiently again, we need to stop viewing the housing crisis purely through the lens of first-time buyers, says brokerage chief.
Bidwells recruits London planning boss from Avison Young
Laura Jenkinson will lead the 186-year-old firm's planning team in the capital, focusing on major Zone 1 and 2 projects.
No spike for London rental prices amid major rulebook changes
'Landlords aren’t using the legislation as an excuse to increase rents,' says letting agency boss, as most London boroughs record slowing price growth since the Renters' Rights Act became law.
By PrimeResi