Lloyds cuts house prices forecast, anticipating a 7% drop this year
House prices will fall farther than expected, suggests mortgage lender, as borrowers struggle with rising costs.
UK house prices likely to drop 13% this year as incomes tumble, predict economists
A looming "shortfall in incomes has a tremendous potential to disrupt the UK’s housing markets", warns the Centre for Economics & Business Research.
By PrimeResi
Savills forecasts a 7.5% drop for house prices this year, with transactions down by a third
Savills is standing by its pre-pandemic five-year forecasts, despite anticipating a major slump in 2020.
By PrimeResi
Lloyds predicts a 5% fall for house prices this year
Major mortgage lender Lloyds and top-end buying agency Black Brick are both predicting a fall for property values as a result of the Coronavirus pandemic.
By PrimeResi
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In Pictures: Park Modern penthouse pitched as ‘the finest new turn-key residence in London’
Listed at £42mn, the five-bedroom apartment features interiors designed by Fenton Whelan's in-house team.
By PrimeResi
‘Almost mythical’ Chelsea estate could be worth £250mn-plus, says luxury broker
Nest Seekers International’s Ali Khadir weighs in on significance - and speculative value - of landmark property in SW3, as billionaire owner voices disillusionment with UK.
£15mn Clarges Mayfair apartment sparks global bidding war
The trophy residence overlooking Green Park sold sight unseen for ‘well above’ asking.
Luxury property brokerage adds two more big-hitters in PCL
Alex Bourne & Danny Daniel join United Kingdom Sotheby’s International Realty, the latest additions to its growing team in the capital.
Non-dom changes create £401mn stamp duty ‘black hole’ – Knight Frank
Policy shift blamed for slump in £5mn-plus deals and mounting pressure on Treasury purse strings.
Berkeley names new Chair & CEO as profits dip
Housebuilding Plc aims for continuity leadership as Chair Michael Dobson steps down & a new ten-year strategy kicks in.
By PrimeResi
In Pictures: LonRes Summer Party 2025
The property network & data firm marked 25 years in style with a sun-soaked bash in Belgravia.
In Pictures: St John’s Wood Police Station reworked as ‘design-led rental concept’
Gabriel Chipperfield's design & development studio Wendover repurposes a 'much-loved' neighbourhood building for modern living.
UK set for record wealth exodus in 2025
This is a 'pivotal moment' in global wealth migration, says Henley & Partners as Britain 'leads the world in millionaire outflow'.
By PrimeResi
Prime London 25: Introducing a PrimeResi Special Report
The evolution of London's luxury property market, 2000-2025: Our 75-page report charts a truly transformative period for both the property market & the prime residential industry.
By PrimeResi
LATEST ARTICLES
In Pictures: B&B Italia Group’s Maxalto designs ‘iconic’ Whiteley Clock Tower apartment
Clocking in at £24mn, The Whiteley's latest 'Designer Collection' apartment marks a European first for the 50-year-old interiors brand.
By PrimeResi
In Memoriam: London estate agency legend Tim Maskell, 1938-2025
'Tim’s legacy in the property market continues,' says Maskells' MD.
By PrimeResi
Knight Frank announces new Henley office head
Nick Warner will hand the reins to Matt Davies next month.
By PrimeResi
Super-prime Versace villa scheme debuts in Marbella
Collaboration between the Italian fashion brand & RGZ Developers will be delivering eight top-end residences.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes.