Location: United Kingdom
Overseas buyer lands trophy £23mn apartment in Kensington
'Exceptional' park-facing unit sold at One Kensington Gardens amid reports of resurgent international interest in PCL property.
Lettings supply rises in Prime London as sales market stutters
“We are starting to see a noticeable shift in stock from the sales markets to the lettings market as owners are not able to sell for the asking price,” says Knight Frank.
‘Spectacular’ country house clause project up for sale in Lincolnshire
Bond-esque creation was designed by Jonathan Hendry Architects in 2021.
Half of homes sold in July had their asking price reduced
Higher mortgage rates "have acted as a wake-up call to sellers who had been on the market for some time, prompting a record share to cut their asking price," says Hamptons.
400,000 UK rental homes ‘lost’ since 2016
CBRE estimates that landlords have sold 126,500 rental properties since 2022, as mortgage rates and other costs have escalated.
Unmod Grosvenor Square mega-lateral goes for £16mn
Grand former residence of ‘Bentley Boy’ racing driver Bernard Rubin achieved nearly £4,000 psf.
Plans go in for ‘£1bn’ mixed-use Bankside scheme
New Foster + Partners-designed proposals for 18 Blackfriars Road include two resi buildings delivering over 400 new homes, and an all-new public space called the Rotunda.
Prime London sales market slows by less than the rest of the UK
Prime Central London property prices fell 0.9% in the year to July, according to Knight Frank's last index - which was the largest drop since April 2021. Prime Outer London saw a 0.
In Pictures: Mayfair embassy-turned-trophy home targets £25mn
Former embassy and royal residence on Park Street brought to market with an Art Deco-inspired interior by Casa E Progetti.
Savills: On forecasting in an ever-changing property market
One of the property sector's top research teams pulls back the curtain on the tricky business of making market predictions, as they warn of "some further price adjustments to come."
Upsizers & first-time buyers exit London as costs climb – Hamptons
"Trading the city for a cheaper area outside the M25 might be the only option for those needing to upsize," says Hamptons.
Monday Market Review: Key figures & findings from the last seven days
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from JLL, Halifax, Coutts, the Bank of England, Knight Frank, REDD & more...