How does PCL’s recent volatility compare to previous ‘adjustments’?
Prices fell by 7.9% between the last peak in August 2015 and February 2017, but let's not forget the 24% decline recorded between 2008 and 2009, and the 21% correction in the early 90s...
What to read next
What buyers want now: Top town & country buying agents compare notes on post-lockdown demand trends
Two top buying agents - one focused on prime London, and one on prime country houses - reveal what is on their clients' most-wanted lists.
By PrimeResi
Property transactions to plummet by 38% this year, predicts Knight Frank, but PCL prices are set to surge in 2021
Over half-a-million property sales will be "lost" due to the Coronavirus lockdown, predicts Knight Frank, but prices are likely to "recover sharply" once restrictions are lifted.
By PrimeResi
PCL sales market ‘recovers some poise’
Transaction levels are still on the low side and upper-end prices continue to adjust downwards, but the worst appears to be behind us, says JLL
By PrimeResi
Companies in this article
Knight FrankMost read
Super-prime fit-out specialist eyes £100mn turnover amid resi push
130-year-old firm behind interiors at The Peninsula and The Londoner expands residential offering with three of London’s most anticipated luxury schemes in the works.
Zara billionaire picks up Marylebone rental block for £150mn
Amancio Ortega's Pontegadea has made a notable play in London's built-to-rent arena.
By PrimeResi
Former buying agent’s prime property network chalks up nearly £4bn of listings
Two-year-old platform doubles down on high-end market with nearly 500 agents signed up and over £3bn of live buyer searches.
In Pictures: 19th-century Notting Hill dairy reborn as boutique resi scheme
Echlin delivers a 'deliberately restrained' take on warehouse living at Black Treacle’s new eight-unit development near Queensway.
Facebook founder buys Irish castle
Mark Zuckerberg & Priscilla Chan have reportedly acquired the 440-acre Strancally estate in Waterford in an off-market deal.
By PrimeResi
Behind the Schemes: Rebuilding a Notting Hill townhouse from the inside out
ACT, De Rosee Sa & Katie Harbison talk us through a 75-week overhaul that involved moving the staircase, rethinking every floor and reconstructing the roof of a fine Italianate residence.
Christie’s International Real Estate joins luxury agency push into Phuket
Global brokerage network follows Bangkok launch with move into booming island market.
Ranked: How have prime resi values fared globally in 2026 – and what happens next?
Latest performance & forecasts: Tokyo tops Savills' H1 index as London and Dubai lose ground, while Cape Town is tipped to lead global prime resi growth over the rest of the year.
Major agency reins in long-range PCL forecast
Strutts now expects cumulative growth of just 4.4% by 2030 - down from 9%-12% at the start of the year - but sees downward pressure easing in 2027.
Behind the Structure: Understanding ownership risk in prime residential property
Required Reading: Sanctions have raised the stakes when it comes to navigating complex ownership structures. Anthony Hanratty explains what prime property professionals should be looking for.
LATEST ARTICLES
Nest Seekers picks London for global luxury property summit
Berkeley Group signs up as headline sponsor as luxury brokerage prepares to convene agents from across its 2,500-strong network.
‘Cost pressures are real but so is the opportunity’: The new economics of prime resi construction
Skills shortages, regulatory delays and the net-zero push are piling pressure on projects - but a repriced PCL market could work in developers’ favour, argues Ben Godfrey.
By Ben Godfrey
Highbury site with approval for one-off contemporary home seeks buyer
The prime North London plot has full planning permission to build a contemporary three-bedroom house.
By PrimeResi
Prime London Property Market Snapshot: Week 34, 2026
Another week of dwindling sales activity.
By PrimeResi
‘Taylor Swift Tax’ faces legal challenge from luxury homeowners
Rhode Island’s new levy on high-value second homes has been in force for less than two months - and already has a fight on its hands.