Location: United Kingdom
Agency reports ‘record’ super-prime spending in Prime Central London as property market stays ‘surprisingly robust’
Wealthy buyers bought a record £439mn-worth of £10mn+ homes in the first half of this year, reports JLL, contradicting some rival market reports.
Splash the Cash: Waterfront homes attract a 48% price premium
More than half of waterside properties sold in the UK go to cash buyers, reports Knight Frank.
Housebuilders back mandatory local housing targets as land values flatline
Prime Central London land pricing has "proven more resilient" than regional sites across England, says Knight Frank.
Top-end buyers downsize in London as Dubai, Miami & French Riviera woo world’s wealthiest
Competition from other wealth centres, concerns about a Labour government & taxation worries have led billionaires to spend less & buy smaller homes in PCL this year, reports Beauchamp Estates.
Buyers compete over Residence One project in Belgravia
Rare mews house in a secluded enclave near Belgrave Square achieved over £2,850 psf.
Savills recruits new Brook Green sales boss from Marsh & Parsons
Agency announces 'key hire' in west London.
Labour’s First 100 Days: Prime resi leaders share their policy priorities for the new government
Property industry insiders reveal what they would do if they were in charge, from cracking on with planning reform and cutting Stamp Duty to clearing up the Building Safety Act.
Prime London rental market slows after strong start to the year
LonRes recorded an annual decrease of 2.5% in lets agreed and a 5.1% fall in new instructions last month - while rental growth slipped to 0.4%.
Political certainty & a potential interest rate drop ‘bode well for Autumn market’
Rightmove heralds rising transactions as house prices 'remain stable overall' - despite 'more diversions than normal at this time of year.'
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 LonRes, Rightmove, Beauchamp Estates, Benham & Reeves, HMRC, Foxtons, Savills, Knight Frank…
There is a sense that the summer slowdown has come a little early – LonRes
Latest Prime London data shows activity slowed in the lead-up to the General Election, while the annual rate of price growth dropped to -4.5%
Dwindling supply meets robust demand: Rupert des Forges on PCL’s luxury property squeeze
Those looking to secure a best-in-class new-build in the coming years will need to take an opportunistic yet strategic buying approach, writes Knight Frank's head of PCL developments.