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Prime London Property Market Snapshot: Week 22, 2024
30% fewer sales were agreed in Week 22 this year than in Week 22 2023, according to the latest LonRes data, while 32% more price reductions were recorded.
Agents bank on summer rates cut to boost buyer activity
83% of estate agents believe a cut to the base rate of interest would boost home-buyer demand, but only half think it would drive house prices up.
Century Capital names new MD; recruits new Head of Lending
Paul Munford's finance firm has enjoyed an 'exceptional week' with two senior appointments and a renewed funding line.
Leconfield-designed trophy home on Wilton Crescent launches at £38mn
In Pictures: 9,500 sq ft Georgian mansion hits the market following ultra-prime makeover.
‘Bold’ price cuts spur London’s top-end buyers into action
Double-digit reductions on longstanding listings have resulted in three or four buyers competing against each other, reports PCL buying agency Eccord.
Holland Park development opp auctioned off
Former pub on Princedale Road came with planning to rework the existing building & add a four-bed house.
5 months of ‘above-average’ property market activity in 4 charts
Sales activity across the UK and in London in 2024 so far is running 7% above the average level seen from 2017 to 2019.
Nurtur Group CFO steps down following Fine & Country disposal
Clive Beattie led the recent sale of nurtur.group's Networks division to TPFG, and is now leaving the business.
Top-end contractor Walter Lilly toasts centenary
Construction & maintenance firm has worked on some of the capital's most prestigious buildings, including the Palace of Westminster, 100 Park Lane & 1 Cornwall Terrace.
£140mn development opp with ‘tremendous potential’ hits the market in south London
The 3.9 acre freehold site in Zone 2 has planning consent for 375 new homes.
Luxury sales slow across the world’s top super-prime markets
1,618 $10mn-plus transactions went through across the 11 hubs tracked by Knight Frank in the 12 months to the end of Q1 2024, the lowest annual total in three years.
‘Buying London’ star Daggers: ‘More than £250mn worth of real estate inquiries have been received directly on the back of the show’
DDRE Global founder reveals how Netflix stardom has been boosting business.