Prime London Property Market Snapshot: Week 33, 2023
PrimeResi's regular sit-rep of London's prime residential scene, featuring the latest sales and lettings data from LonRes.
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By the Numbers: Prime London’s property market in 2023 so far
'2023 is set to be more in-tune with the last so-called normal market of 2019,' says property firm London House after crunching data from LonRes.
Under offers piled up as the lockdown halted prime London’s property market recovery
Nearly a third (30%) more London homes were marked as "under offer" at the end of March compared to the same time a year ago, according to LonRes data mined buy Coutts bank, as deals piled up under the…
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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.
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.
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.
Knight Frank promotes 129
UK business names 18 new Partners in latest promotions round.
In Pictures: Grosvenor Square emerges from £25mn redesign
Mayfair's historic public gardens to re-open after a significant revamp.
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.
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.
Rare St George’s Hill plot goes for record sum
Agents seal off-market deal for unconsented site after three-year pursuit.
First Look: Ballymore unveils Bryan O’Sullivan Studio interiors at The Capston
Developer debuts sales gallery and show apartment at Embassy Gardens' 'final chapter'.
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.
LATEST ARTICLES
Luxury brokerage declares £1.3bn in H1 sales
Overseas buyers accounted for 52% of the UK agency's deals, while new instructions topped £2.3bn.
Lucian Cook: Tax speculation returns but all of the complexities remain
Despite much chatter, 'the matter of whether [Andy Burnham] would pursue a substantial overhaul of property taxation remains one of conjecture,' counsels the Savills research chief.
Cluttons appoints top market analyst to lead resi business
Well-known research chief and former journalist steps up to lead major agency's residential division.
Art Deco gem in Notting Hill sells in off-market deal
'Landmark' £16mn residence was once owned by legendary soul singer Dusty Springfield.
Major agency reports ‘more uneven’ trading as uncertainty weighs on confidence
Winkworth says H1 sales remained resilient while lettings were largely unaffected by the Renters' Rights Act.