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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New recruit brings ‘fresh perspective’ to super-prime agency in Mayfair
Talya Reuben has joined Harvey Cyzer's team at OB Private.
Interview: Knight Frank’s resi chief Tim Hyatt on navigating a ‘complicated’ market & how the business is planning for the future
'I don't think I can ever remember being in such a confused, complicated, exciting market': PrimeResi discusses digital modernisation, industry fragmentation & market predictions with the high-profile…
Rare resale for super-prime Chelsea Barracks home
Knight Frank’s Belgravia office is celebrating a big deal that closed after just one viewing.
Qatari Diar & Canary Wharf Group unveil final Southbank Place apartments
First Look: JV partners enter home straight at Thames-side mega-scheme, debuting new building designed by Stanton Williams & Albion Nord.
Knight Frank claims dominance in London’s prime & super-prime markets
High-profile agency updates on sales figures, market share & projections for 2025.
London records worst month for £5mn-plus sales since 2008
The top end of the market took an extended Christmas break in January, reports LonRes, and is 'unlikely to return to the highs of 2021 and 2022 any time soon'.
Knight Frank: Five reasons developers should bet on London’s land market
Resi development boss Nick Alderman makes the case for building in the capital, amid market resilience & 'unique opportunities' in the residential space.
Boutique PCL agency bolsters team
Park Lord's new recruit has been specialising in the high-end markets of St John’s Wood, Little Venice, Marylebone for the last 35 years.
‘A new breed of super-prime tenant’: Top agencies report shifting trends in London’s luxury rental market
Savills has welcomed the arrival of 'a new breed of super-prime tenant' in the capital, while UK SIR flags a rise in high-value 'try before you buy' rentals.
Simon Rose: Why 2025 is the year of buyer value in Prime London
Seasoned PCL specialist makes sense of the conflicting messages & market data coming out of the prime postcodes.
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Knight Frank claims dominance in London’s prime & super-prime markets
High-profile agency updates on sales figures, market share & projections for 2025.
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PrimeResi's regular stock check, powered by LonRes
In Pictures: Mathieu Lehanneur-designed Manhattan penthouse seeks $32.5mn
'Museum in the sky' at luxury Foster + Partners project showcases works never before seen in NYC.
Postcard from New Zealand: Optimism is on the rise in Auckland
Peter Thompson of Barfoot & Thompson/Luxury Portfolio International reports on a 'strong increase' in luxury property sales as both supply & demand build.
Veteran London agent laments ‘ritual slaughter of agents’ coffers by the digital portals’
'Rightmove’s latest 18% price hike is outrageous,' rails Trevor Abrahmsohn. 'But what do the agents really expect now that they have lost control of OnTheMarket?'