Location: London
London’s super-prime market ‘changes direction’ as sales slow from a surge to a trickle
A flurry of £10m+ transactions in Q1 has been brought to an abrupt halt by Covid-19, reports Knight Frank, although "buyer interest remains strong pending the market reopening".
A London agency has generated 250 offers and agreed 88 sales since the lockdown began
The market is 'quieter than normal...but far from dead', according to 33-branch Chestertons...
BTL purchases sink to record low as landlords leave be
Landlord purchasers accounted for just 8% of sales across the country in Q1, down from 15% in the previous quarter; 'Maybe they got a surprise when they filed their tax returns in January', says Hamptons...
How the super-rich are sitting out the storm in north London
The leafy enclaves of Hampstead & Highgate have long provided the wealthy with a welcome retreat from the outside world, writes Trevor Abrahmsohn - but today's incarcerated UHNW families are looking for…
From A Distance: The reality of remote buying
The concept of buying a property without setting foot inside is not a new one, says Jo Eccles, but doing so successfully requires intricate, specialist knowledge - and a great deal of trust between client…
Prime London’s property market was surging before the lockdown
Prime Central London saw its fastest quarterly rate of property price inflation in five years in Q1, before the Coronavirus hit.
Deal sealed on £7m townhouse in Little Venice
'There is an appetite from purchasers looking for value in these extremely difficult times', reports agency
Six post-coronavirus trends for London’s prime property market
The market will bounce back by September but high street offices will be unviable in the new era of social distancing, speculates Utsav Goenka, founder of new prime property portal Vyomm...
‘Situation tenancies’ on the rise in virus-hit London
Concerned PCL agency estimates that up to 25,000 people could be displaced by the current crisis, and left in urgent need of short-term accommodation...
£11m price cut for ultra-prime Knightsbridge church conversion
Launched at £55m last August, the remarkable St Saviours House is now asking £44m with virtual viewing options aplenty
Property transactions to plummet by 38% this year, predicts Knight Frank, but PCL prices are set to surge in 2021
Over half-a-million property sales will be "lost" due to the Coronavirus lockdown, predicts Knight Frank, but prices are likely to "recover sharply" once restrictions are lifted.
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