Prime London simmers down after record-breaking deal surge
Transaction volumes were 39% below the five-year average last month, reports LonRes, but ‘key metrics suggest the prime London markets are holding up well’.
New instructions have been running at double the levels of last year and more properties have been going under offer, but transaction volumes are taking a while to catch up...
Sales volumes in Q1 rose to levels not seen since the infamous stamp duty stampede of 2016.
The £5m-plus market has been flying over the last three months, reports LonRes, with exchanges up by nearly 20%.
Companies in this articleLonRes
Longstanding independent firm ramps up resi division with recruitment of high-profile broker & star of Britain’s Most Expensive Houses as head of sales.
Andrew Russell & Ben Bentley's independent firm, The Country House Department, is on course for a 'record' year following a number of big-ticket deals.
Freehold swathe on sought-after Tite Street has scope for a significant prime resi scheme.
Hamish Bruce has joined Inhous following stints at Marsh & Parsons and Black Brick.
Election 2024: Prime property sector sees “cause for optimism” in the prospect of a Labour government
'The likelihood of an incoming Labour government no longer feels like a massive threat to prime property markets in London and the country,' says Middleton Advisors.
Gazumping & gazundering are the uninvited guests of a bull & bear market, but there are ways to mitigate the risks of them trashing the house; one of the most experienced agents in the business explains…
Australian developer Third.i's Graphite Square launches to the UK market this month and will be ready for occupation in 2024.
In Pictures: ‘Wild-luxury’ scheme in Dubai aims to ‘define the next generation of 21st century buildings’
European developer's 'holistic' waterfront project has been inspired by the Banyan tree and will feature thousands of crystals to 'eliminate any negative energy'.
Alex Michelin & Matthew Robertson's new development firm announces plans to deliver a 30-unit scheme on The Bishops Avenue, just weeks after embarking on a top-end project in St John's Wood.
Buyer confidence has been boosted by a number of factors over the last few weeks, and enquiries levels are back up to last year's levels, reports Eccord's MD.
By Jo Eccles
The RICS says it is its "duty to advocate policies that provide solutions to some of the most important challenges of our time."
'The rapid approach of peak rates is coinciding with a modest improvement in housing market conditions in some key global markets,' says Knight Frank.