Muted May for Prime London sales as buyers hold back
'Feedback from agents certainly points to a tricky market,' reports LonRes, as transactions tumble & price reductions soar.
Reality bites in Prime Central London as buyers step back & sellers cut prices
Recent tax changes have led to falling sales and downward price pressure across the capital's top postcodes, reports Knight Frank.
Prime London sales dip after stamp duty rush; £5mn+ supply hits all-time high
Latest deal numbers from LonRes suggest strong March was a one-off, while other metrics indicate 'a market without much momentum'
Prime London sales market latest: Quiet December could be followed by a busy Q1
Transactions & values were both down on an annual basis last month, reports LonRes, but full-year numbers & forward-looking indicators are cause for optimism.
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Savills names new Head of International Sales
Odge Davey has returned to the firm in a senior role.
Chestertons recruits lettings boss from Stirling Ackroyd
Nikki Smyth has joined the 30-branch agency as North & East London Regional Director.
Warwick appoints agents at boutique Marylebone scheme
Transformation of Edwardian building on Seymour Place is due for completion later this year.
Valouran appointed to ‘reposition’ landmark SW1 scheme, The Broadway
Alex Michelin & Matthew Robertson's team are now Asset Manager for the redeveloped New Scotland Yard site, completed by Northacre in 2022.
Allsopp warns tax uncertainty has ‘paralysed’ the housing market
TV presenter blames Budget rumours and high transaction charges for freezing sales activity.
Ballymore caps Embassy Gardens mega-project with Manhattan-inspired finale
Art Deco-themed riverside scheme, The Capston, will deliver 247 homes across two buildings, with prices reaching £7mn & completion slated for 2028.
Luxury serviced apartment block opposite Hyde Park hits the market at £35mn
Agents instructed on prominent freehold building with 17 high-end units - including a chunky penthouse - and scope for an international brand tie-up.
Final apartments served up at luxury boutique scheme in St John’s Wood
Trio of homes unveiled at developer-restaurateur's ‘labour-of-love’ on Hamilton Terrace following strong off-market run.
Agency toasts latest super-prime deal at The OWO
Sale of £13.95mn residence at landmark Whitehall scheme 'underscores the city’s resilience and enduring global appeal,' says Knight Frank.
Advance to Mayfair: British buyers roll the dice on Prime Central London once again
For the first time in years, PCL feels less like a vault for absentee investors and more like an affordable, functioning housing market, writes buying agent Ollie Marshall.
LATEST ARTICLES
Buyers hunt for value in London’s most exclusive postcodes
Demand is being drawn back to the centre of the capital, reports Knight Frank, as new analysis shows how just how far premiums have shrunk over the last decade.
Prime property market sentiment drops to a five-year low
Savills blames 'unprecedented' speculation around possible tax hikes in November, as top-end property prices fall across the board.
‘It feels as though we have just signed Ronaldo’: Brokerage recruits ex-Chestertons director Riveros
Seasoned West End operator joins Mayfair-based Harris Le Beau.
Nest Seekers International lands in London’s West End
Global real estate brokerage launches new flagship base on Pall Mall, describing London as an 'essential market' for its clients.
Sir Terry Farrell, visionary architect: 1938-2025
The hugely influential 'non-conformist' designer has died, aged 87.