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Scotland sees record number of homes sell for more than £1mn, despite Edinburgh slowdown
Glasgow and the West of Scotland saw strong growth in high-value property sales last year, while Edinburgh saw prime deals fall back from a 'particularly buoyant' 2022.
A record 50% of homes sold last year took a price cut
After a subdued 2023, Hamptons expects the supply of homes available to buy to improve this year, although 'confidence could still be vulnerable to economic shocks and global events'.
Rightmove reports record number of new listings on Boxing Day
'The scale of this year’s Boxing Day bounce is an early positive sign at the start of the year that buyers and sellers are out there and taking action,' says property portal.
More than one in five London homes sold in 2023 went above £1mn
17,590 properties have sold for more than £1mn in the capital so far this year - which is 21% of all resi transactions.
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Global branded residences sector to double in size over the next seven years, predicts agency
Demand for high-end branded product is showing no signs of slowing down, reports Savills, revealing another 60 names are poised to enter the space by the end of the decade.
Buying agency flags ‘window of opportunity’ for house-hunters
It's shaping up to be a busy winter season for the property market, suggests Recoco.
Luxury Property Forum founder announces global ambitions
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Ending non-dom tax breaks has cost £140mn in ‘lost’ Stamp Duty revenue, claims agency
Knight Frank believes speculation over tax changes caused a 'shortfall' of 142 high-value property sales since March, resulting in a 'theoretical loss' in revenue for HMRC.
Foreign buyers shift focus in UK property market amid changing trends & taxes
The proportion of overseas buyers has risen to 27% in London, new stats show, with Asian investors at the forefront.
Global sports star nets Bugatti-branded penthouse
Developer Binghatti reveals A-list buyer at latest ultra-luxe project in Dubai.
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