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.
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
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
“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.
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.