Savills halves PCL price forecast for 2022
Prime Central London's property market recovery is taking longer than expected, says Savills, as it downgrades its forecast for this year. But PCL is still set to outpace the best-performing lockdown markets over next five years.
House price growth to slow, but ‘risks of a correction have been overstated’ – Savills
Savills has upgraded its mainstream market forecasts for this year, predicting 7.5% growth through 2022 and 12.9% over the five years to the end of 2026.
Savills drastically raises mainstream property price & transaction forecasts
"Previous UK recessions have been associated with house price falls, but 2020 looks set to be the exception," says Savills as it "significantly upgrades" is forecasts for both property prices and transaction…
Vendors are now achieving 99.4% of asking price, on average
More property sellers are getting closer to their asking price now than last year, with 41% of postcodes seeing the average deal being done at or above asking.
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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.
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.
Social Circuit: John Caudwell’s festive drinks reception at Mayfair House
Billionaire entrepreneur, developer & philanthropist hosts a seasonal gathering of political, charity & media figures at his Grade II listed private palace.
Mansion tax modelling flags £13,700 bills for second homes
Hamptons analysis finds over 3,300 £2mn+ second homes exposed to dual surcharges as revaluation looms.
LATEST ARTICLES
Talking Heads: Prime property industry reactions to the Budget 2025
A Council Tax surcharge for high-value homes is 'probably the least worst outcome for owners of prime property', comments Savills, but our pundits are less sanguine about changes to landlords' income…
OBR cuts housing market forecasts following Autumn Budget
Expectations for residential transaction volumes, house price growth and for housebuilding activity have all been scaled back.
Reeves’ Council Tax Surcharge ‘throws a spanner into the works of the housing market for not much in return’
Following a Budget 'where politics trumped economics', Tom Bill of Knight Frank questions how much the new tax on £2mn+ homes will yield.
Required Reading: The Budget 2025 for HNWIs & business owners
Mishcon de Reya's team of tax & legal experts delivers a thorough briefing on the Autumn Budget's key announcements & policy changes - including the new High Value Council Tax Surcharge affecting £2mn+…
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.