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UK prime resi prices set to rise 9% this year, but PCL’s bounce ‘has been delayed’
Runaway property price growth in the regions is likely to soften from next year, predicts Savills, while Prime Central London prices are set for a sharp upwards bounce once international travel resumes.
Mega Digs: Exploring London’s elite ‘basement belt’
London has seen "a normalisation of single-storey basements as the 21st-century version of the loft conversion," says Professor Burrows in a new study of the capital's "luxified troglodytism".
Prime London simmers down after record-breaking deal surge
Transaction volumes were 39% below the five-year average last month, reports LonRes, but ‘key metrics suggest the prime London markets are holding up well’.
Deal Digest: 16 super-prime property sales from 2021 so far
As we learned last week, super-prime buyers were out in force in the first six months of the year, splurging nearly US$14 billion on homes in New York, Los Angeles, Hong Kong, London, Sydney, Singapore…
Savills posts record results as residential sales revenue doubles
Like other property PLCs, Savills' profits have surged this year. The firm's UK Residential Transaction Advisory business posted record revenue in H1, nearly doubling (+97%) compared to last year.
How the pandemic has ‘transformed the way buying agents are seen’
"Something that was seen as a luxury before has become essential": With insights from Property Vision, Thea Carroll, Garrington, Haringtons, Prime Purchase and Stacks, PrimeResi explores how property buying…
The Penthouse Premium: Buyers pay 35% more for marquee apartments
Penthouses around the world command 35% price premium per square foot in comparison to other homes in the same development, according to new research by Knight Frank.
PCL developer REDD picks up One Palace Green for £100m luxury apartment scheme
Monaco- and Mayfair-based firm plans to create ‘one of the top tier luxury residential developments in London’ overlooking Palace Green and Kensington Palace.
£21.95m mansion sells in Mayfair’s biggest house deal since 2019
Sale of ‘significant’ freehold townhouse on Farm Street is a positive sign for the market, say agents.
‘Cities are springing back to life’: Super-prime property sales surge around the world
"We expect super-prime sales to end 2021 on a high," says Knight Frank, as it flags a significant jump in US$10m+ deals across seven major global wealth hubs so far this year.
‘We see nothing on the horizon that would trigger a major house price correction’ – Savills
Savills has upgraded its 2021 UK house price inflation forecast, bumping it from 4% to 9% - although the five year outlook remains largely unchanged from March's predictions, with research chief Lucian…
Bankside Yards to be UK’s first 100% electric major mixed-use development
Native Land's £2.5bn five acre development on London's South Bank aims to "set a new benchmark for sustainability in large, mixed-use regeneration schemes."