Reality bites in Prime Central London as buyers step back & sellers cut prices
Recent tax changes have led to falling sales and downward price pressure across the capital's top postcodes, reports Knight Frank.
Rich pickings for Prime London buyers as supply rises & sellers cut prices
Demand for homes is still out there but tending to be price sensitive, reports LonRes - and motivated vendors are taking action...
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.
‘There seems to be no rush for many potential buyers & sellers’: Transactions & prices slide in Prime London’s ‘subdued’ sales market
Average values across the prime postcodes are now roughly in line with early-2014 levels, reports LonRes.
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Autumn Budget ‘to hit 100,000 properties with mansion tax’
Latest rumours suggest a revaluation of homes in F, G & H Council Tax bands is likely.
Deal sealed on £35mn Scottish Borders estate
One of the biggest country sales of the year completed last week.
Fatemi & O’Brien named among Sotheby’s top global property brokers
PCL duo achieve top-tier status across brand's 26,100-strong worldwide real estate network.
Strutts continues high-level hiring spree in PCL
Toby Downes has returned to the 140-year-old property agency after holding senior positions with Savills, Redbook & Haringtons.
‘Fortune favours the brave’: Inside the Chelsea sale that defied the market
Jamie Hope reveals how a bold pricing strategy on Glebe Place sparked a bidding frenzy and delivered 20% over asking - amid some of the toughest conditions in recent memory.
Luxury developer readying £110mn Belgrave Square ‘giga-mansion’ for market – report
The former HQ of the Royal College of Psychiatrists is being reworked into one of London's grandest private homes, measuring around 22,000 sq ft.
£24mn Notting Hill mansion changes hands in ‘landmark’ deal
Stucco-fronted Grade II-listed Allom masterpiece sells after more than 20 years in the same ownership.
Middle Eastern buyer splashes £10mn on penthouses at new Kensington scheme
Agents say it's the biggest off-plan sales deal in London this year.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes
Super-prime developer marks construction milestone at £200mn Bishops Avenue scheme
Valouran's flagship North London project is now at full height, due to reach practical completion in 2027.
LATEST ARTICLES
Budget 2025: Chancellor confirms a ‘mansion tax’ & higher rates on property income
High-value homes will face significantly higher Council Tax bills, while landlords will pay a larger share of their property income to HMRC.
Talking Heads: Prime property industry reactions to the Budget 2025
A new Council Tax surcharge for high-value homes is 'probably the least worst outcome for owners of prime property', comments Savills, but market-watchers are less sanguine about changes to landlords'…
Budget 2025: OBR leak confirms ‘mansion tax’ on £2mn+ homes from April 2028
Office for Budget Responsibility report published early 'in error' - including details of a new Council Tax surcharge on high-value homes.
Abrahmsohn on the Budget that spooked a market for no reason
Veteran agency boss skewers Westminster’s 'Keystone Cops' moment, says months of leaks caused far more harm than the measures themselves, and predicts an avalanche of exchanges before Christmas.
International buyer lands £25mn Knightsbridge Gate penthouse
Marquee 6,214 sq ft residence drew multiple offers despite wider market caution.