PCL prices prove resilient as demand recovers faster than supply
“It feels remarkably similar to the period that followed the EU referendum,” says Knight Frank's Head of London Residential Research, Tom Bill. "It will take a while for the market to find its feet."
PCL prices are likely to rebound next year, rising 20% by the end of 2024
Prime Central London is set to become one of the UK's strongest-performing markets, predicts Savills, flipping a trend seen since 2014.
By PrimeResi
Supply & demand bounce back, but 81% of properties are still selling below asking
'It’s evident that buyers and sellers are no longer waiting for the outcome of Brexit and want to get things moving,' says NAEA chief
By PrimeResi
Agents see more deals per branch, despite falling supply & demand
'Sales are still happening at the rate we would expect to see at this time of year', says the National Association of Estate Agents
By PrimeResi
Companies in this article
Knight FrankMost read
Top-performing PCL agents generated ‘as much as £5mn’ in fees last year, claims luxury brokerage
High-profile firm reports £1.63bn in sales and lifts lid on individual broker earnings following major recruitment drive.
Agents appointed on £60mn St John’s Wood apartment scheme
Developer Residence One gears up to launch 29-unit project fronting London's iconic Abbey Road.
Top brokers assess the Iran conflict’s effect on global prime property markets
Luxury property agents in London & Dubai report early shifts in buyer activity as geopolitical tensions escalate.
By PrimeResi
London’s first Park Hyatt-branded residences set for launch this year
Sales team behind Twenty Grosvenor Square and The Whiteley gearing up to market 103 luxury apartments in Nine Elms.
Vabel picks sales agents for flagship Bayswater scheme
DDRE Global & Savills will launch apartments at Vabel Townhouse later this Spring.
By PrimeResi
Rupert des Forges: ‘London is becoming a dip-in, dip-out city for the super-rich’
'The capital might not be [UHNWI's] full-time base any more,' says Knight Frank veteran, 'but it is still an anchor for social & business life.'
By PrimeResi
Interview: Michael S. Liebowitz on Douglas Elliman’s global push – and what brokers need to know about today’s UHNW clients
The US brokerage chief on what American and European markets can learn from each other, choosing the right local partners and London’s role as a global hub.
Knight Frank appoints new UK marketing head
Former Crown Estate and Disney exec takes role spanning agency’s resi and commercial divisions.
Strutt & Parker recruits estates & farms head from Savills
Louise Harrison is now head of Strutt's London-based National Estates & Farm Agency team.
By PrimeResi
D&G adds new central London partner
Lettings specialist Sharlotte Cooper previously ranked among Hamptons’ top performers.
LATEST ARTICLES
In Pictures: Luxury hotelier’s art-filled Clerkenwell apartment hits the rental market
Mandrake founder’s private London residence features a 'museum-level' contemporary art collection housed in a vast former boardroom.
Westminster to grant blanket retrofit consent for Eaton Square
Borough's first Listed Building Consent Order promises to allow 'retrofit at scale' on London's largest residential square.
By PrimeResi
FT: ‘We’re past the $200mn threshold’ – the rise of super-super prime property
'How much is mere showboating listing,' asks FT journalist Mark Ellwood - 'and how much higher can prices for single private properties actually be pushed?'
By PrimeResi
London property market ‘is gradually regaining momentum’ – Chestertons
Estate agency reports improved instructions, agreed sales, enquiries and viewings numbers in February.
By PrimeResi
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes