PCL deal drought continues as transactions sink to ‘all-time low’
Just 3,606 sales (excluding new-build) recorded over the last 12 months in Prime Central London, which works out as fewer than 70 a week
Just 3,606 sales (excluding new-build) recorded over the last 12 months in Prime Central London, which works out as fewer than 70 a week
What to read next
How does PCL’s recent volatility compare to previous ‘adjustments’?
Prices fell by 7.9% between the last peak in August 2015 and February 2017, but let's not forget the 24% decline recorded between 2008 and 2009, and the 21% correction in the early 90s...
By PrimeResi
Property demand ‘nears a seven-year low’ as ‘buyers approach the market with caution’
There was an average of 252 would-be buyers registered per estate agency branch in February, according to the NAEA. That's 18% fewer than a year ago, and 46% fewer than in 2016.
By PrimeResi
Supply levels subside in PCL lettings market as landlords look to sell up
'More landlords sense the sales market is bottoming out in terms of pricing'
By PrimeResi
Companies in this article
London Central PortfolioMost read
Brokerage pulls off £48mn Belgravia hat-trick
Big-brand agency defies tough market conditions to complete three super-prime deals in as many weeks, as younger international wealth turns its attention to one of PCL’s traditional strongholds.
Luxury London developer falls into administration
Begbies Traynor appointed to boutique firm behind a number of top-end resi projects across the capital.
Strutt & Parker recruits PCL heavyweight to head Knightsbridge & Belgravia office
Jonny Fieldman has moved from Knight Frank to lead Strutt's Sloane Street operation, as the agency continues a high-level hiring spree in the capital.
By PrimeResi
Knight Frank adds four more London brokers to affiliate network
Latest recruits take on key patches across South West, West and North London as agency presses on with rollout of its US-style broker model.
£500mn RBKC scheme ‘back on track’ after Ardmore collapse
Construction restarts on 462-home project under new main contractor as developer reports nearly £40mn of early off-plan sales.
Knight Frank bolsters London-based Turkish team
Two new recruits join as agency reports ‘significant’ flow of capital from Turkey into the new homes market.
Regent’s Park trophy home hits the market at £15mn
Grade I listed residence comes with views over the park and its famous boating lake - and towards one of the most expensive properties ever sold in the UK.
Deal sealed on £15mn Claudio Silvestrin-designed Hampstead villa
The near-8,000 sq ft LA-style residence, described as the ‘epitome of minimalist cool’, went to a European family relocating to London.
Zara billionaire picks up Marylebone rental block for £150mn
Amancio Ortega's Pontegadea has made a notable play in London's built-to-rent arena.
By PrimeResi
Super-prime fit-out specialist eyes £100mn turnover amid resi push
130-year-old firm behind interiors at The Peninsula and The Londoner expands residential offering with three of London’s most anticipated luxury schemes in the works.
LATEST ARTICLES
Facebook founder buys Irish castle
Mark Zuckerberg & Priscilla Chan have reportedly acquired the 440-acre Strancally estate in Waterford in an off-market deal.
By PrimeResi
Behind the Schemes: Rebuilding a Notting Hill townhouse from the inside out
ACT, De Rosee Sa & Katie Harbison talk us through a 75-week overhaul that involved moving the staircase, rethinking every floor and reconstructing the roof of a fine Italianate residence.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes
Saudi luxury property industry targets UK investors with London expo
Invitation-only event at The Peninsula Hotel runs from 24th to 28th August.
By PrimeResi
Older & wealthier homeowners power sales market as young buyers step back
Over-65 exchanges jump 41% while activity among 18 to 25-year-olds falls 58%; £150k+ households account for more transactions.
By PrimeResi