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Opinion: Is luxury real estate a recession-proof asset?
"Real estate is more recession-proof than other assets, especially when it comes to luxury homes," argues Mickey Alam Khan, the New York-based president of Luxury Portfolio International.
Does adding space always add value to a home?
Research by Hamptons has found that 28% of homes sold in the UK had been extended by their owners, rising to more than a one in three in London.
Lutyens-designed North London mansion seeks £12.5mn
In Pictures: This storied home in Hampstead Garden Suburb was built for a banking dynasty, owned by the Saudi Royal family, and has played host to a realm of aristocrats, tycoons and entertainment stars.
£5mn price cut for Highgate super-home
Agents came close to selling Heathfield House at the original asking of £40mn, but have slashed the price to spark fresh interest.
Sharp drop in confidence amongst London property sellers
"The change in economic headwinds is starting to be reflected in seller confidence," says OnTheMarket.
In Pictures: Ballymore submits 336-home plan for Dublin’s new ‘Guinness Quarter’
If planning approval is granted, the mixed-use reinvention of the historic St. James’s Gate brewery in Dublin 8 is expected to be completed in 10-15 years.
Mixed-use plans approved for prominent Mayfair site
Developer O&H Grafton and architects Foster & Partners have secured planning approval for a reworked development on New Bond Street, Grafton Street and Bruton Lane.
In Pictures: Inside David Gilmour & Polly Samson’s ‘exquisite seaside palace’, on the market for £15mn
The Pink Floyd guitarist and vocalist & his novelist wife are selling up in East Sussex.
Monday Market Review: Key figures and findings from the last seven days (w/c 08.08.22)
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Knight Frank, Rightmove, RICS, Savills, LonRes, Acadata & more…
Another top agency cuts Prime Central London property price forecasts
Strutt & Parker now expects PCL property prices to end this year 2-5% higher than they started it, having predicted 5-10% growth through 2022 just a few months ago
Weak sterling opens a ‘window of opportunity in London for Middle East investors’
JLL estimates that sterling buyers are currently paying 35% more for London properties than they were in 2014, while those purchasing in US dollars are paying 3.8% less.
Traditional Summer dip sees asking prices fall for first time this year – Rightmove
"Prices usually drop in August, and this 1.3% drop is on a par with the average August drop over the past ten years," explains the Rightmove team.