Prime London Market Snapshot: Rents roar while sales ‘return to normal conditions one step at a time’
"There has never been a busier lettings market at any time over the last 20 years," says Knight Frank's head of prime lettings, David Mumby. PCL's sales market, meanwhile, "is returning to normal conditions one step at a time."
Market Snapshot: Prime London’s post-lockdown recovery
Property market activity in PCL is rebounding more slowly than in outer areas, reports Knight Frank, and average rents continue to fall.
Prime London sales dipped in April, but are set to bounce back sharply
“The dip in sales in April is temporary,” says Knight Frank, as the number of offers accepted in Prime London spikes.
Three Phases: How prime London’s property market will emerge from the Covid-19 lockdown
The ongoing Coronavirus lockdown will be followed by a "mini-boom" in prime London's property market, predicts super-prime specialist estate agency Beauchamp.
Most read
New agency Draper London targets five-office PCL rollout
Founded by ex-Knight Frank and Aston Chase agent Craig Draper, the high-end firm is backed by former Greene & Co MD David Pollock.
Knight Frank cuts UK house price forecasts again
The outlook is not rosy for either prime or mainstream markets this year, but the property consultancy senses a 'change in political direction' before 2030.
UK Sotheby’s shrugs off market slowdown as Q1 sales hit £598mn
Top-end brokerage reports 'strong' start to 2026 with £1bn of property under offer, £4.15bn of stock on the market and 3,500 new registered buyers over £2mn.
In Pictures: $400mn LA mansion becomes world’s most expensive open-market property listing
Agents describe the eight-acre estate as the 'Crown Jewel of Los Angeles'.
In Pictures: 121-acre Victorian Surrey estate with cricketing pedigree asks £9.85mn
Designed by George Devey, the Grade II listed Sendholme comes with its own pitch and pavilion.
Nuhu-designed penthouse at Stirling’s Carlton Gardens scheme hits the market
Boutique agency lists 'showstopping' proposition just off the Mall for £13.9mn.
Chestertons & Aston Chase owner buys another London agency
Campions Group confirms second business acquisition in the capital this month.
Mapped: How prices & rents have shifted across London’s top neighbourhoods so far this year
Latest data shows sales values falling across most PCL areas, with sharper drops in some of the most exclusive markets.
US buyers drive £16mn of deals at luxury Mayfair scheme
Penthouse at REDD’s 6 Charles Street changes hands amid a flurry of American-led activity.
Required Reading: The Renters’ Rights Act is (nearly) here
Next week marks the start of 'new age' for the private rented sector, says Jessica Tomlinson of Savills, as she walks us through what incoming legislation means for top-end tenants & landlords.
LATEST ARTICLES
Knight Frank notches up £173mn of prime country sales in Q1
Correctly priced homes are still attracting competitive interest despite an uncertain backdrop, says agency.
Opinion: What rental reform really means for prime resi landlords
The Renters’ Rights Act is not the end of landlord advantage, it is the evolution of it, explains Yasmin Ulhaq - and success in the new era will increasingly depend on discipline.
Carter Jonas promotes McConnell to equity partner
Resi sales veteran steps up as trio appointed group partner.
Property Industry Reactions: UK resi transactions rise again
Savills, Knight Frank & Jackson-Stops weigh in on latest HMRC figures.
Property Industry Reactions: Bank of England holds interest rates at 3.75%
'This is not a comfortable pause,' says one estate agency chief.