Location: Prime Central London
Buyer demand dips in prime London, but appetite for super-prime homes grows
A drop in demand for prime property is 'hardly surprising', says the boss of estate agency Benham and Reeves - but the very top-end of the London market appears buoyant in the face of an economic downturn.
2022 ends with a bang as top-end buyers go last-minute shopping
'It seems Christmas is no reason to slow down at the top end of the PCL market', reports LonRes MD.
US billionaires splashed over £600mn in London’s top postcodes last year, with more to come in 2023
Ultra-wealthy Americans spent a record amount on luxury PCL homes in 2022, and are tipped to continue dominating the super-prime property market in the year ahead.
‘High value properties continue to outperform across the board’ as equity-rich & mortgaged markets diverge
Prime Central London's property market is looking resilient in the face of the economic downturn, says Savills.
Prime London property prices are ‘in a holding pattern’ until Spring
Knight Frank saw a sharp drop in offers bing made on prime London properties towards the end of 2022 - but offers accepted and exchanges were well up on previous years.
‘Little sign of more balanced conditions’ in prime London’s lettings market
Rental supply and demand remain very mismatched in the capital - but Knight Frank suggests that 'the UK property market may finally begin the process of self-correction' later this year.
New Foxtons boss: ‘We have to dial everything up’
'We became embarrassed by what we do. We have to be proud to be estate agents', says CEO Guy Gittins, as the high-profile firm eyes further acquisitions in the capital.
Prime Recce: How Knightsbridge is regaining its lost shine
After losing ground to other parts of PCL over recent years, London's glitziest district is polishing up nicely;
PrimeResi’s Super-Prime Deal Digest: 23 standout PCL sales from the last six months
PrimeResi's exclusive intel reveals the most notable sales closed during the eventful second half of 2022, from record-breaking shell & core penthouses to turnkey mansions...
Ranked: London’s top boroughs for housing, sustainability & quality of life
CBRE's latest 'Hot 100' report compares and rates London boroughs according to ten different lifestyle, sustainability and property market metrics...
Ranked: Britain’s most expensive streets in 2022
Phillimore Gardens in Kensington and Grosvenor Square in Mayfair top this year's list of most expensive addresses to buy a home.
What’s in store for prime property prices?
Rising mortgage rates and economic uncertainty are expected to put downward pressure on house prices and transactions over the next 12 months or so, but Savills is forecasting prices will increase over…