London Property News
PCL apartment market poised to spring back – LCP
‘There may be buyers who look back over their shoulder with the benefit of hindsight and wish they had taken advantage of this market,’ says investment firm.
Is this the toughest London neighbourhood to buy in right now?
“Stock is severely limited and competition is high, meaning more and more buyers are turning to buying agents for help,” says Black Brick – which has seen a “sharp rise” in search briefs for houses in…
Knight Frank names fastest-selling new-build scheme of 2022 so far
Over 80% of the 133 units at Chelsea Botanica were snapped up in the first week of sales, reports the agency.
Super-prime fixer-upper ‘could be one of Belgravia’s finest private homes’
Low-rise mansion on Lyall Street has the potential to be worth north of £30mn, say agents.
Northacre completes The Broadway, heralding ‘a new chapter’ for the luxury property developer
As luxury property developer Northacre Properties moves in "a new strategic direction", completion of the landmark super-prime reinvention of the former Metropolitan Police HQ site in SW1 marks "an exciting…
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.
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.
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.