Main image: Sales in Kensington are up
PCL deal numbers sink to a paltry 70 per week
Transaction volumes in the most expensive postcodes are now running at below the levels seen during the Global Financial Crisis, according to LCP; investment firm predicts further branch closures as estate agencies struggle to survive
What to read next
PCL’s property sales slump ‘may reverse in coming months’
Knight Frank highlights the possibility of an imminent property sales surge in prime London, as pent-up demand continues to build.
By PrimeResi
Prime Central London transaction numbers hit a record low, claims new property index
London Central Portfolio launches a new property index; reports that England & Wales has just seen the biggest quarterly fall in property prices since the global financial crisis
By PrimeResi
PCL prices fail to stabilise; volumes continue to slide
Prime Central London transaction levels are now almost 50% lower than they were five years ago, reports Strutt & Parker, while prices ended 2018 at the lower end of the forecast;
By PrimeResi
Companies in this article
London Central PortfolioMost read
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'.
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.
Valouran promotes sales chief Leigh to partner
Industry veteran steps up at the luxury developer, where he oversees sales across a £4bn London portfolio.
Knight Frank promotes 129
UK business names 18 new Partners in latest promotions round.
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.
By PrimeResi
UK Sotheby’s launches US buyer advisory
Veteran broker Jim Bell joins the Mayfair-based firm to help wealthy Americans navigate the UK's prime resi market.
Lord Snowdon’s former country retreat on the open market for first time in more than 500 years
In Pictures: An ancient house with high-society provenance seeks £3.95mn.
By PrimeResi
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.
In Pictures: Grosvenor Square emerges from £25mn redesign
Mayfair's historic public gardens to re-open after a significant revamp.
By PrimeResi
LATEST ARTICLES
Knight Frank brings in ex-CBRE director for new board-level role
Agency appoints Mike Knowles as Head of Lettings Business Development as part of wider lettings restructure.
Country house buyers hold back in third summer of uncertainty
Exchanges are down 10%, buyer registrations are down 14%, and average prices have fallen by 5% in the last year, reports Knight Frank.
By PrimeResi
In Pictures: Grosvenor Square emerges from £25mn redesign
Mayfair's historic public gardens to re-open after a significant revamp.
By PrimeResi
UK Sotheby’s launches US buyer advisory
Veteran broker Jim Bell joins the Mayfair-based firm to help wealthy Americans navigate the UK's prime resi market.
House price optimism gets a reality check
Fewer than a third of consumers now expect prices to rise over the next 12 months, down from more than half last year, according to latest OnTheMarket poll.