London's super-prime property market 'has very much found its feet again' as transaction levels remain high
Spending on £10mn+ homes in London has reached a seven-year high, leading Knight Frank's Rory Penn to suggest that 'for now, the super-prime market in London has very much found its feet again.'
A raft of influential property market-watchers have torn-up their house price forecasts, now anticipating a particularly rough year ahead for the housing sector as the wider economy struggles.
“Property’s reputation as an inflation-hedge gives it extra appeal, while the prospect of rising borrowing costs is injecting a degree of urgency into the market across all price points,” says Rory Penn …
'We sense increased downward pressure on both prices and activity in the year ahead' for mainstream property markets, says JLL's research chief - 'but we don’t think this is necessarily the path the p…
Companies in this articleKnight Frank
Owner of Sotheby's Dubai and the Middle East region confirms acquisition of UK business
One prime estate agency has listed properties for sale in more than half of the nation's postcodes in the last six months, significantly out-covering any other brick-and-mortar firm.
Poppy Chenevix-Trench has moved on from the Savills Private Office, becoming the latest high-level addition to Sandy Mitchell's Redbook Agency.
Charles Medina has moved from Savills to become a Director at Strutt & Parker in Mayfair and Marylebone.
Strutt & Parker's London new homes sales chief reflects on the big themes to emerge in the prime development sector lately, and the projects currently setting the tone in the luxury market...
By Keir Waddell
Super-prime developer expands into education, securing planning for a new school for Thomas’s Kensington, along with new apartments & townhouses
Another major acquisition creates London's biggest estate agency network.
The agency is looking to grow its regional resi development business by 50% over the next five years
Hamptons has noticed a significant increase in the proportion of mortgage-free home-buyers so far this year, while Jackson-Stops has identified where cash buyers are making the biggest savings.
A.London completes 4,664 sq ft penthouse project at latest Berkeley scheme in W2
As the number of legal cases involving Japanese knotweed continue to rise, Rachel Redwood explains how a vendor in SW London has ended up facing a bill of £200k, and what buyers and sellers need to kn…
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New rules are 'already having a major impact on UK real estate transactions and any overseas entities that own affected UK real estate and have not yet registered their beneficial owners at Companies …