Relying on property instead of pensions could cost Britain £55bn over the next decade
The UK’s "obsession with housing wealth could be making the country poorer", argues an economic think tank
What to read next
Britain ‘set for worst decade of housebuilding since WW2’
Housebuilding numbers have fallen in every decade since the Second World War, and the 2010s are set to continue to the downward trend - despite a rising population.
By PrimeResi
Three Phases: How prime London’s property market will emerge from the Covid-19 lockdown
The ongoing Coronavirus lockdown will be followed by a "mini-boom" in prime London's property market, predicts super-prime specialist estate agency Beauchamp.
By PrimeResi
Most surveyors believe Covid-19 will drive property demand away from urban areas, high rise blocks & communal spaces
The latest RICS survey of surveyors included a question about potential shifts in the desirability of certain features of properties over the next two years.
By PrimeResi
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Regent’s Park trophy home once asking £32mn reportedly sells for £11.5mn
Historic Nash-designed mansion changes hands for 44% less than its 2013 purchase price, according to Bloomberg.
Russell Simpson recruits Strutts veteran Meacock
Notting Hill sales chief, who helped launch two high-profile London offices, makes move to the expanding family-run agency.
Another big-ticket deal sealed at Mayfair’s 60 Curzon
Four-bed apartment guided at nearly £25mn finds a buyer at the Thierry Despont-designed scheme.
Top-flight London design studio expands into Middle East
Laura Hammett is opening a permanent base in Dubai next month.
By PrimeResi
Albion Nord builds senior team as international ambitions grow
Super-prime design studio makes quartet of high-level appointments as it expands its portfolio across the UK and overseas.
Lettings veteran launches prime rental search agency
New venture GH Property specialises in sourcing high-end rental homes across the Home Counties.
By PrimeResi
Mansion tax territory: Three withdrawals per £2mn-plus sale; twice the wait for a buyer
New figures reveal the scale of the challenges facing the top end of England's housing market, with another Budget imminent and the HVCTS looming large.
Priory Walk townhouse hits the market after superyacht-inspired overhaul
In Pictures: Classic Chelsea family home emerges from ambitious reworking by rjha Architects and a cast of specialist contractors.
In Pictures: Echlin x Dyson collab at Ransomes Wharf
London Square’s Battersea scheme showcases British craft with a high-tech twist.
Function Vs Form: What happens when luxury design forgets how a building actually works
Sebastian Moritz runs through the importance of reading building designs from an operational perspective.
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Big-bucks mortgages spread beyond London heartland
Savills analysis reveals an 18% rise in £500k-plus lending outside Southern England since 2021, despite a 36% jump in borrowing costs.
UAE-backed firm sets ambition to become ‘London’s leading developer’
As rivals beat a retreat from the London market, housebuilder reports 236% sales surge and £5bn development pipeline.
Lanesborough adds investment & asset management arm
Ex-Savills agents team up with chartered surveyor Justin Wood as property consultancy branches out.
Ultra-luxe Rosewood hotel residences go up for sale in Abu Dhabi
Mubadala puts 73 homes inside the landmark five-star hotel on the market, with Sotheby's handling the sales.
House price premium for top school areas shrinks to 29%
'Families continue to pay a significant premium for homes in areas with the strongest-performing secondary schools,' says Savills.
By PrimeResi