Location: London

London and New York continue to lead for ultra-prime home sales - above US$25mn - according to Knight Frank's just-published Wealth Report 2023.

The Holme, an extraordinary 205-year-old villa in four acres in the heart of London, is reportedly up for sale with a £250mn price tag.

2023's purchasers are falling into two categories, says buying firm Eccord.

'It looks increasingly unlikely that the lettings market will return to any sense of normality this year', says Knight Frank.

House prices have soared by an average of over 20% since the onset of Covid-19, reports Halifax, with huge variations driven by a 'fundamental shift in buyer demand'.

Demand is holding up and price declines appear to be bottoming out, reports Knight Frank.

A 'soft reset in house prices continues,' says Zoopla, as sales supply improves and vendors cut price expectations.

A whopping 91% of residents voted yes to the regen of Ebury Bridge, as council moves to 'give local communities more say on the future of their area'.

Douglas & Gordon has reportedly called in administrators, a year after the property sales operation was offloaded by Foxtons.

Overseas buyers accounted for 39% of purchases in Prime Central London last year, down from 55% in 2018.

Recently-renovated Grade II listed townhouse on Chapel Street is one of the area's largest private homes.

A road very near the Russian Embassy in central London has been re-named in support of Ukraine.