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.
What to read next
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.
Most read
High-profile agent Tangney launches ‘modern private office’
Siân-Louise Tangney's new venture, Key Privé, has already chalked up a £200k-a-month off-market deal in Ascot.
Knight Frank & UK Sotheby’s land £25mn Ormeley Lodge instruction
Lady Annabel Goldsmith's 'exquisite' former home between Ham Common and Richmond Park comes to market after more than 50 years with the family.
In Pictures: Inside the first completed penthouse at Holland Park Gate
RedBook Agency & Taylor Howes collaborate on transformation of 5,500 sq ft duplex atop Lodha's super-prime scheme in Kensington, billed as 'one of London's most significant new luxury homes'.
Valouran promotes sales chief Leigh to partner
Industry veteran steps up at the luxury developer, where he oversees sales across a £4bn London portfolio.
Prime property price declines accelerate in ‘strong buyer’s market’
Savills expects 'increasingly cautious' London & regional top-ends to remain price sensitive in H2.
Global trophy homes go under the hammer in Mayfair
Concierge Auctions said £139mn in bids were placed during its latest London global sale at The Connaught, as buyers competed for homes from across the US and Europe.
Agency duo buy well-known SW London firm
Brendan Wynne & Fraser Allen are consolidating the 33-year-old estate agency's multiple branches into a 'hub office' in central Richmond.
Luxury PCL developer expands into the prime country market
Mayfair-based REDD says growing demand from UHNW clients is driving its move beyond central London.
Influential economists urge incoming PM to scrap stamp duty & council tax for 1% property value tax
UCL report backed by heavyweight thinkers proposes annual levy on property values as part of sweeping tax overhaul.
‘A hidden crisis’: How uninsurable properties are quietly stalling high-end transactions
While climate-related risk is widely discussed, the immediate impact on the luxury homes market is not, writes George Seatter - and insurance placement is emerging as one of the biggest deal blockers around.
LATEST ARTICLES
Knight Frank promotes 129
UK business names 18 new Partners in latest promotions round.
des Forges: ‘When the London market turns up, it turns fast’
In Pictures: Top agents and designers gather in Knightsbridge to discuss the capital's prospects & evolving HNW trends.
Behind the Schemes: How ‘invisible tech’ helped reimagine a Grade I listed Fitzrovia townhouse
Award-winning collaboration between James Gorst Architects and Mosaic Audio & Visual concealed cutting-edge systems within one of PCL's most significant heritage homes.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes
‘Around 40’ Keller Williams agents move to rival brokerage in Scotland
French broker platform iad heralds 'a new era for Scottish agents'.