Sharp slowdown across global super-prime markets ahead of US election
London was the only major international wealth hub to see an increase in £10mn+ home-buying activity in Q3, says Knight Frank.
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International super-prime property market activity 'slowed noticeably' last year, says Knight Frank - but things perked up again at the start of 2023.
153 $10m+ sales worth $3.2bn: How the world’s super-prime markets fared under lockdowns
Activity may have plunged, but global super-prime property markets "outperformed expectations" under lockdown, reports Knight Frank, with 153 sales going through above $10m since March.
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Record-breaking sales, resurgent international demand and a surprise winner among the capital's super-prime neighbourhoods - but buyers are still calling the shots.
Property Industry Reactions: New PM Burnham installs Downing Street team
UPDATED: Former Defence Secretary John Healey replaces Rachel Reeves as Chancellor of the Exchequer; Angela Rayner returns to the Cabinet as Housing Secretary.
Knight Frank launches ‘second phase’ of broker recruitment drive
The big-brand estate agency has received 130 enquiries from would-be self-employed brokers so far, with eight being appointed in the last eight weeks.
Foxtons warns of sharp profit drop; prepares for ‘a prolonged lower transaction volume environment’
Estate agency says 'trading has been adversely impacted by the prolonged downturn in the sales market, as well as short-term volatility in the lettings market.'
Knightsbridge developer cuts resi for hotel & spa scheme
RBKC has approved a PLP-designed hotel/spa on Pavilion Road, replacing an earlier mixed-use consent with apartments.
Branded residence boom hits new heights as $200mn Aman penthouse finds buyer
Unfinished Beverly Hills residence is reportedly under offer at more than five times LA's current condo sales record.
St John’s Wood mansion trades in £29mn deal
Latest NW8 mega-deal revealed in official records.
Has Hamilton Terrace become NW London’s hottest address?
The St John's Wood street has notched up almost £100mn of house sales in the past 12 months.
Interview: Caitlin Ure of GBR on the business of branded residences – and what’s next for the sector
Why do some branded resi schemes command huge premiums while others fall short?
Knight Frank signs new Mallorca agency partnership
Balearic agency boss heralds 'a full-circle moment'.
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Latest Forecasts: Knight Frank predicts stronger growth across global prime markets
Brighter conditions expected across the world's top luxury housing markets in 2027, with Asia leading the pack, Milan outperforming in Europe - but London still under pressure.
Green light for major new East London resi tower
Patel Taylor-designed project will replace an ageing office building with 820 homes overlooking South Dock.
Industry Reactions: Annual house price growth slows to 2.7%
Latest official data shows the national annual rate of property price inflation fell sharply in May. 'The market is holding steady rather than collapsing,' comments one London estate agent.
St John’s Wood mansion trades in £29mn deal
Latest NW8 mega-deal revealed in official records.
Moveli recruits another senior agent from Hamptons
Self-employed agency has tripled its broker count in the last two years.