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Prime London Property Market Snapshot: Week 21, 2024
Sales supply is accumulating in prime London as deals continue to run slow.
Knight Frank cuts PCL price forecast for this year
Top analysts now expect Central London property values to fall by 1% through 2024, having predicted a 1% increase at the start of the year.
Tom Bill: ‘The near-term outlook for demand in prime central London has deteriorated’
Knight Frank's research chief explains why the property firm has revised its PCL price forecasts down.
Speedy £12.4mn loan rescues Mayfair mega-deal
Delays with previous lender had put £20mn transaction in jeopardy, reports Cohort Capital.
‘One of the best grand residences that could be purchased in London’: Palatial Princes Gate mansion lists at £30mn
Agents are confident this opulent 1840s proposition fronting Hyde Park will generate 'strong interest'.
Watered-down Leasehold Reform Bill becomes law; Renters Reform shelved
Rushed-through Act is 'far from perfect, but it is the start of reform to outdated legislation that was not fit for purpose,' says Propertymark.
Off-plan sales rates drop to a ten-year low
The proportion of London homes sold before being built has fallen below 50% for the first time since 2012, according to new analysis by Hamptons.
‘It is likely to remain a price-sensitive buyers’ market’ – Garrington
Buying agency highlights May's key property market trends, including resurgent interest from investors, country house downsizing, and the 'distraction' of a looming General Election.
Up, down or sideways? Abrahmsohn on where the resi market is headed
Amidst the cacophony of market commentary, we mustn’t get confused between asking prices and real underlying values, warns veteran agent Trevor Abrahmsohn.
Six of the best: Super-prime country mansions for sale this spring
From an historic Grade I listed manor in Somerset, where Radiohead recorded their seminal album OK Computer, to one of the UK's most important new-build mansions, PrimeResi tours the pick of this season's…
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes
Prime city residential rental growth eases
Prime global rents have jumped up by an average of 26% in the last three years, according to Knight Frank's latest index.