Postcard from LA: Gordon MacGeachy on the mansion tax, pyjama lounges & off-market records
In the latest in a series of international dispatches for PrimeResi, Hilton & Hyland's Estates Director - a member of Luxury Portfolio International - shares insights into the Californian luxury property market.
LA’s mansion tax is now in play
Los Angeles saw a marked increase in high-value property sales in March, as brokers rushed to close deals before a new transaction tax was introduced on 1st April.
Los Angeles Times: L.A.’s rich are already scheming ways to avoid new ‘mansion tax’
'Rich people are very clever,' says a real estate broker in California. 'They know how to manage cash, and they have time to look for loopholes.'
LA to implement ‘mansion tax’ of up to 5.5%
58% of Los Angeles residents voted for a new levy on property transactions above $5mn.
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DDRE unveils ‘next-gen’ advisor platform & big expansion plans
Daniel Daggers' top-end property firm is looking to add 70-100 new advisors by the end of 2026.
Buyer sought for £100mn-GDV luxury resi project in Mayfair
Agents are expecting global interest in the ‘oven-ready’ development opp on Upper Grosvenor Street.
Bond-themed triplex at Twenty Grosvenor Square seeks £25k per week
In Pictures: 5,750 sq ft trophy apartment goes up for rent at Four Seasons-branded scheme in Mayfair.
Former CBRE resi chief Collins joins Kingdom
Mark Collins is now a Non-Exec Director at Raihan Jumah & Obaida Al-Ghazawi's property consultancy.
Knight Frank appoints Head of Short Lets amid expansion drive
The high-profile agency is looking to ramp up its presence in the short-term rental market.
New sales & marketing boss at The OWO Residences
Alex Rusling will be leading sales & marketing activities at the super-prime Raffles-branded scheme in Whitehall.
Penthouse ‘jewel’ unveiled at Chelsea Waterfront’s Powerhouse
In Pictures: Fiona Barratt-Campbell designs duplex spread atop century-old SW London landmark.
Related Argent bolsters exec leadership team
Developer appoints Parm Nijjar as Executive Director and promotes Oli Rifkind to Chief Development Officer.
Marylebone’s high-end market keeps moving despite pre-Budget uncertainty
Savills reports 'robust' activity across the fashionable PCL neighbourhood, completing a string of super-prime sales & lettings deals.
House prices lower than 20 years ago across a quarter of Great Britain – Savills
While nominal prices have jumped by an average of 95% over the past two decades, analysis shows inflation-adjusted gains remain below 9%.
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‘Ultra-rare’ triplex penthouse offers vast ‘blank canvas’ above Chelsea Waterfront
The trophy home atop Tower East is being offered for sale in shell condition.
REDD appoints new director to lead private client growth drive
The luxury real estate firm is expanding its bespoke services offering for HNWIs, family offices & investors.
Most valuable boroughs: Inside London’s £2.6 trillion housing market
'The difference in overall housing value between inner and outer London is closer than might be expected,' says Zoopla.
Prime London Property Market Snapshot: Week 45, 2025
Deal numbers held steady last week.
Abrahmsohn: I’m no mathematician, but is 6.5 the new 3.5 for homebuyers?
Veteran agency boss Trevor Abrahmsohn explores how dual incomes and social shifts are reshaping mortgage affordability metrics.