Location: London

Using granular LonRes data, Fraser Slater examines how sales values for houses and flats PCL changed over the course of last year - and the premium buyers were willing to pay across all the key neighbourhoods...

New research claims homes in the most expensive postcode in the capital, W1K, have been selling at an average of 20% below asking.

Plans to redevelop one of Westminster's oldest council estates have been approved, paving the way for 781 new homes in Belgravia.

A couple of months after acquiring No.32 for a boutique apartment scheme, Euroterra Capital has added No.47 to its portfolio with similar plans.

Recent weeks have been filled with tales of frenzied buyers bidding well over the asking price, as soaring demand collides with supply levels sinking to an all-time low.

Under-30s accounted for nearly 90% of the tenancies signed in Q1, reports LCP - up by almost a quarter on last year.

The agency noted a massive increase in telephone bidders at its latest sale, which raised £40m.

JLL expects the capital's most iconic borough will benefit from a renewed appetite for city living in the wake of the pandemic.

All 22 penthouses and maisonettes at north London's former Royal Mail sorting office have been sold, with penthouses achieving "in excess of £2,200" per square foot.

Renovation and conversion projects are swelling London's small but significant £100m+ property market, creating private palaces just for billionaires.

Sales volumes in Q1 rose to levels not seen since the infamous stamp duty stampede of 2016.

Squire and Partners-designed proposals for the refurbishment of 2-8 Rutland Gate, a 62,000 square foot private palace overlooking Hyde Park, were submitted to Westminster a few weeks ago.