Prime London prices post year-on-year growth for the first time since mid-2023
Supply is outpacing demand, but positive sign 'might motivate buyers to become more active,' suggests LonRes.
What to read next
Prime London prices post steepest fall since GFC as discounting deepens
Values down 10% year-on-year after a 'poor month' for the sales market, reports LonRes; under offers and buying agent enquiries ‘offer a little optimism’
‘Below average for the time of year, but not chronically so’: How the prime London sales market is really faring pre-Budget
Values, new instructions and sales have all been falling, reports LonRes - but the stark comparisons say more about last year than the current state of play.
Prime Central London prices down by over 20% since 2014
Latest figures show declines have ranged from -9.6% in Bayswater to -26.3% in Earls Court since the peak; market now an 'attractive value proposition', says major agency.
Companies in this article
LonResMost read
Power struggle at major family-run estate agency
Boardroom rift heads to the High Court as AIM-listed firm launches proceedings against its chairman.
By PrimeResi
Star Douglas Elliman broker targets London’s super-prime market
Luxury NYC specialist secures exclusive US representation for raft of landmark developments as American demand continues to build.
Prime London transactions up 14% as more buyers come off the sidelines
Knight Frank says buyers and sellers have become 'hardened to the volatility' as latest numbers suggest an improving picture across the prime postcodes.
Developer & contractor convicted over fatal London tower incident
Foster + Partners cleared of health and safety breaches over fatal Corniche window fall; St James and Lindner Prater found guilty.
By PrimeResi
Georgian gem changes hands on Fitzroy Square in off-market deal
Demand for best-in-class homes is driving top-end activity in PCL, says agency behind latest benchmark sale.
UK Sotheby’s recruits former Anderson Rose director
Scott Joseph will cover Prime Central and North West London from the brokerage's St John's Wood office.
‘A home is the centre of family life, not an untapped tax stream’: Wealthy London boroughs unite against ‘mansion tax’
RBKC, Westminster, Richmond & Wandsworth say residents could end up paying more than half of the proposed national levy.
Agency lists Royal Tunbridge Wells’ historic town centre for sale with manorial title
'This is one of the rarest offerings to reach the UK property market in a generation,' say BNP Paribas Real Estate and Strutt & Parker.
By PrimeResi
Rhodium hires former Nobu exec to lead global growth push
Dean Main's luxury property consultancy brings in Diane Daudin-Clavaud as Chief Development and Strategy Officer.
Record-breaking $70mn mansion sale in Silicon Valley as ‘AI investment fever’ fuels luxury market
Andrew Skurman & Suzanne Tucker-designed estate is Northern California's biggest resi deal of the year.
LATEST ARTICLES
‘The industry is changing dramatically’: Russell Simpson’s Bertie Russell on growing the family business & the future of prime agency
PCL agency boss discusses carving out a place between the corporates and brokers, pushing into new prime London markets and keeping the boutique edge.
Property Vision International expands into the Balearics
Gaia Private Office joins buying agency’s growing roster of associates covering prime second-home hotspots around the world.
Savills profits jump 47% despite UK resi slowdown
Boss Simon Shaw is 'delighted with the significant improvement in performance' - although the UK residential business saw revenue & profits decline in H1.
By PrimeResi
London’s super-prime market goes into summer recess
Latest LonRes Data: Under-offer numbers halve as £5mn+ deals and new instructions fall sharply amid 'uncertainty and a lack of urgency'.
Prime London rents pick up pace as growth hits 18-month high
Average values jumped 5.3% in July, reports LonRes, with PCL seeing an especially sharp turnaround.