Location: United Kingdom
PCL lettings market ‘set for a boost’ as sales transactions plummet
A grand total of 693 properties were sold in prime central London during Q4 2014, according to Strutt & Parker and Lonres. That's 32.5% down on the same period in 2013.
A
‘The short-term confidence outlook is negative’ as January chills – RICS
The RICS has confirmed what everyone else is seeing, reporting that the national and London markets are cooling right down with prices, enquiries and sales all tailing off in January.
Margin or Error? The £800k question in London’s no-man’s land
'Tis in vain to seek a profit that means not to be found. Doer Upper Alan Page in a tale of two neighbouring mansion flats, separated only by £800,000.
The rise of the seven-figure market: £1m+ deals triple in ten years
The number of £1m+ sales has shot up by 80% in London since 2006/7, helping the quantity of seven-figure deals across the country to probably breach its 2007 peak for the first time in 2014, notes Savills.
Flats and maisonettes lead PCL’s price growth – LCP
Prime central London has - "contrary to generally downbeat reports in 2014" - delivered the highest level of property price growth since the economic recovery properly kicked off in 2010, says an optimistic London C…
Dukelease brews up sales in Covent Garden
As developer Dukelease adds the finishing touches to its boutique 29-unit Hop House scheme in Covent Garden, it's reporting that nearly all of the apartments have been sold off-plan.
Listed status bid for Hyde Park Barracks
The Twentieth Century Society has submitted a listing application for Hyde Park Barracks to prevent the demolition of what it calls "a truly remarkable, innovative and singular group of buildings"
Required Reading: Stamp Duty Reform and the Prime London Market
The long-criticised slab rate system for Stamp Duty Land Tax (SDLT) was abolished in the Autumn Statement in December 2014, seeking to bring fairness to property purchase costs and benefiting 98% of homebuyers
Government outlines London’s short-term lettings shake-up
The government has been laying out its plans to ditch the "confusing" restrictions on short-terms lets in the capital.
Historic England announces first Chief Exec
Duncan Wilson has been named as the first Chief Executive of Historic England, the government-operated arm of what is, until April, English Heritage
Westminster’s voter-free developments
Some of prime central London's higher-end residential blocks have no registered voters living in them at all, trumpet Westminster's Labour councillors
Property investors ‘are going to have to work harder’ for high returns this year
While "the macro-economic story for the UK will remain benign" for the next year or so, prime residential property markets are in for a fairly subdued - but still positive - year, says Savills