Location: Prime Central London
Record number of £1m+ sales in London
"Happy holiday for luxury London property", declares Coutts bank, as the prolonged Stamp Duty tax break drives record sales in the capital.
Leafy Notting Hill leading the way as PCL revives
Prospective Hillbillies are offering up to £1m above pre-pandemic levels, and houses are not even making it to the open market, reports Winkworth.
UK prime resi prices set to rise 9% this year, but PCL’s bounce ‘has been delayed’
Runaway property price growth in the regions is likely to soften from next year, predicts Savills, while Prime Central London prices are set for a sharp upwards bounce once international travel resumes.
‘Fit for a Dowager Duchess’: Mayfair flat pitched at £32k per month
This 4,291 sq ft duplex apartment on Upper Grosvenor Street was once home to Dowager Duchess Lady Eleanor Percy.
Holland Park locals given six months to ‘save’ Notting Hill Police Station for community use
A Holland Park landmark on Ladbroke Road is being marketed for sale by the Mayor’s Office of Policing & Crime.
Landmark Mayfair townhouse relisted at £11m
Gothic-style affair on Farm Street is a real one-off.
Mega Digs: Exploring London’s elite ‘basement belt’
London has seen "a normalisation of single-storey basements as the 21st-century version of the loft conversion," says Professor Burrows in a new study of the capital's "luxified troglodytism".
North West developer tees up £40m scheme in RBKC
Simon Ismail & Fred Done’s Salboy has acquired a prime site in the Earls Court regen zone.
Prime London simmers down after record-breaking deal surge
Transaction volumes were 39% below the five-year average last month, reports LonRes, but ‘key metrics suggest the prime London markets are holding up well’.
Why the supply & demand imbalance will likely reach its peak this summer
The UK property market should start putting the distortions of the last 18 months behind it from the autumn, says Tom Bill
Prime London’s rental market ‘continues its journey back towards normality’
“The see-saw of high supply and low demand is tipping back the other way,” says Knight Frank. “Demand is coming from multiple sources and rental values are getting stronger as a result.”
St James’s Square trophy to become ‘£100k per week’ luxury rental
A mansion once remodelled by Lutyens is reportedly headed for the ultra-prime rental market after a £30m-£40m refurb.