Property ‘flipping’ has fallen dramatically in the last 15 years
In 2004, over 60,000 homes were resold within 12 months; just 18,630 homes were flipped in England & Wales last year... London has seen an even more dramatic drop: 81% fewer homes were flipped in 2018 compared to 2004
London super-prime prices have fallen by 21% in five years – but ‘things may be beginning to change’
There's 'a sense of opportunity' at the very top of London's property market, reports Savills, with 'some encouraging signs of activity' in the super-prime £10m+ arena.
By PrimeResi
Residential property is attracting ‘more sophisticated investors’, says buying agency
"Activity in the residential investment sector is once again picking up", says buying agency Garrington, although the firm reports "a different profile" of buyer in the sector.
By PrimeResi
UK property prices have increased three-times as fast as earnings since 2008
The average value of a UK home has risen by 43% over the last decade, while the average wage has increased by 15% - and mortgage payments have trickled up by just 3%
By PrimeResi
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Top-performing PCL agents generated ‘as much as £5mn’ in fees last year, claims luxury brokerage
High-profile firm reports £1.63bn in sales and lifts lid on individual broker earnings following major recruitment drive.
Agents appointed on £60mn St John’s Wood apartment scheme
Developer Residence One gears up to launch 29-unit project fronting London's iconic Abbey Road.
Top brokers assess the Iran conflict’s effect on global prime property markets
Luxury property agents in London & Dubai report early shifts in buyer activity as geopolitical tensions escalate.
By PrimeResi
London’s first Park Hyatt-branded residences set for launch this year
Sales team behind Twenty Grosvenor Square and The Whiteley gearing up to market 103 luxury apartments in Nine Elms.
Knight Frank names three new Proprietary Partners
Knightsbridge lettings head Arya Salari, capital markets specialist Eddie Thomas and lease advisory lead James Thistle step up.
Knight Frank appoints new UK marketing head
Former Crown Estate and Disney exec takes role spanning agency’s resi and commercial divisions.
£10mn Notting Hill project offers chance to create ‘one of the area’s great homes’
Rare unmod Ladbroke Grove townhouse with communal garden access and basement planning comes to market.
Westminster to grant blanket retrofit consent for Eaton Square
Borough's first Listed Building Consent Order promises to allow 'retrofit at scale' on London's largest residential square.
By PrimeResi
FT: ‘We’re past the $200mn threshold’ – the rise of super-super prime property
'How much is mere showboating listing,' asks FT journalist Mark Ellwood - 'and how much higher can prices for single private properties actually be pushed?'
By PrimeResi
Ten Years On: Assessing the ‘profound effect’ of the second home stamp duty surcharge
'Almost overnight, the market tilted away from investors,' says Hamptons, 'meaning far fewer homes have been added to the rented sector' in the last decade.
By PrimeResi
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‘Hundreds’ of luxury London flats set for sale after £2bn lender collapse
Around 250 property companies with assets across PCL now under administration.
$1bn & counting: Inside Manhattan’s ‘most successful’ luxury new development
PrimeResi gets a first look at the ultra-prime West Village scheme quietly racking up record-breaking deals.
Knight Frank names three new Proprietary Partners
Knightsbridge lettings head Arya Salari, capital markets specialist Eddie Thomas and lease advisory lead James Thistle step up.
KPMG builds out real estate legal team
Senior hires take firm’s UK practice to 15 lawyers as Big Four push deeper into property.
Garrington launches Northern Ireland’s ‘first dedicated buying agency’
'The prime market in Northern Ireland has reached a point of genuine maturity,' says buying agency boss.
By PrimeResi