Location: United Kingdom
Investors now account for 42% of prime central London property purchases
Prime London property prices ticked up by 0.8% in Q2 - the first rise since September 2014, and quite the change from Q1's -0.6% - as "investors strengthen their hold" on the PCL market.
39% of PCL deals go international as European buyers flock
39% of all buyers in prime central London during Q2 were originally from overseas, says Strutt & Parker, with a noticeable increase in buyers from Western and Eastern Europe, as well as from North America.
Sydney mansion smashes Australian price record
A ginormous house in a swanky suburb of Sydney has just sold for "between $60-$70m", making it the most expensive resi deal in Australian history.
US operations drive Savills revenue up 27% despite weak UK resi performance
Savills plc's global revenue shot up by 27%to £547m in the first half of the year, despite "the expected weakness in the UK Residential market."
Harrods Estates instructed to let ‘Marylebone’s most luxurious apartments’
The lettings team at Harrods Estates has landed a peach of an instruction in W1.
Dos & Don’ts: How to create the ultimate super-prime swimming pool
As the man responsible for some of the capital's most lavish private leisure complexes, architect David Wolff knows a thing or two about what makes the ultimate indoor swimming pool.
Chelsea landlord offers £2,700 per week DIY rental
In an unusual move, the landlord of a rental property on Mulberry Walk is tempting prospective tenants with carte blanche to completely redecorate a whole house.
Savills buys Aussie estate agency; opens flagship resi office
Savills has completed its acquisition of Sydney-based real estate agency Cordeau Marshall.
‘Ability to buy’ improves across the country – Hamptons
Britain's 'ability to buy' is better now than it was in 1997, says Hamptons International, as the affordability of housing has improved in recent months.
85% of tenants are now opting to renew contracts – Foxtons
Foxtons is reporting that a record number - 85% - of all its tenancies are renewing contracts.
‘Stamp Duty reform has had little impact’ – CBRE
December's Stamp Duty reform probably hasn't had that big an impact on the £2m+ property market, argues CBRE.
Ex-Deverell Smith man launches Midlands recruitment firm
A top PCL recruitment consultant has decided to tap into the Midlands property market with his new venture.