Town & Country: Simon Usborne on the Siege of Londongrad
London’s position as playground for Russia’s super-rich is “a party that had already peaked by 2014” and “is surely now over,” writes Simon Usborne in Town & Country magazine.
In London
Buyers splash £65mn at Savills resi auction
Agency’s auction arm chalks up new record at ‘buzzy’ sale; rare resi development opp in Hampstead picked up pre-auction for ‘significantly above’ its £5mn guide
John D Wood upsizes in Chiswick
Agency looks to bolster its presence in the W4 area with a prominent corner spot on Turnham Green Terrace
Dexters reports surging revenue & profit as London market bounces back
‘Large increase in deals’ delivers a 32% jump in revenue and a 75% leap in operating profit for the 70-branch firm
Green light for ‘lux-loft’ office-to-resi development in Wapping
The Malins Group is bringing forward a £14.5mn GDV mixed-use scheme in Wapping.
Knight Frank promotes 201
Agency announces largest round of promotions in its recent history, after emerging from the challenges of the last two years ‘in really good shape’
Westminster green-lights Grosvenor Square revamp
Underused local landmark will become a ‘biodiverse centrepiece for Mayfair’, says GB&I
Heatmapped: ‘The rise in house prices continues unabated’
The average house price across England & Wales is up by £57,600 since the start of pandemic, reports Acadata, while traditional PCL heartlands have returned to ‘substantial’ annual growth rates in recent weeks
£100mn deal flurry at Chelsea Barracks, as developer secures £400mn ‘green loan’ for next phase
Recent mega-deals at Qatari Diar’s landmark Belgravia development include super-prime townhouses at £52mn and £34mn.
Prime London’s property market hits a ‘sweet spot’ as buying activity picks up
“The prime London property market is in a sweet spot,” declares Knight Frank’s research team, as buyer demand bounces back and the supply of homes available to buy picks up.
Has London’s property price premium bottomed-out?
JLL has made some bullish forecasts for London’s property market. After two years of meagre price growth in the capital compared to the regions, the firm suggests that “buying opportunities” in London have now peaked. “The underperformance of London compared with other regions could be nearing its end,” says research chief Marcus Dixon.
£4.75mn price tag for remarkable Georgian mansion in Rotherhithe
The Grade ll* listed Nelson Dock House is the only remaining ship builder’s house and dry dock in the area
