London Property News
‘Strongest ever’ start to the year for London’s £5mn+ property market
128 London homes changes hands for more than £5mn in the opening three months of the year; 25% more than in Q1 2021, and 24% more than in Q1 2020.
‘Most competitive rental market ever’ drives record rental price inflation
Average asking rents have risen by over 20% in Central London over the last year, and by 11% outside of the capital
Most Prime London homes are still being sold for less than their asking price
Prime London vendors are accepting an average of 3.6% less than their asking price, according to research by Benham and Reeves - but discounts are getting less chunky as the market bounces back.
Bishopsgate Goodsyard clears final planning hurdle
20 years after developers acquired the site, Phase One construction works on Shoreditch's ten-acre mixed-use regeneration scheme are now slated to start in 2024.
PCL’s property market posts busiest Q1 in five years, but the recovery ‘may be more muted than we’d hope’ – JLL
“We still expect PCL to be one of the best performing markets in 2022, as the resurgence of the city continues," says JLL's new research chief, Marcus Dixon - although "delays in overseas buyers returning t…
Green light for new Henigman scheme in St John’s Wood
Developer-investor is taking an ‘industry-leading approach’ to reworking a prominent block facing the famous Abbey Road
Sellers hesitate as ‘a whiff of uncertainty’ curbs the Spring property market
The number of sellers listing their property is only growing gradually as the traditional selling season arrives, says Knight Frank's research head.
8 Eaton Lane: CIT unveils landmark super-prime project in London’s Belgravia
Exclusive: Developer reveals plans to restore London’s first serviced apartments as a private residential address
Prime London’s price recovery ‘gathers pace’
Knight Frank's latest indices tell of rising prices and plenty of activity in prime London's sales and rental markets.
Investor secures £100mn loan for 92-apartment Battersea Power Station bulk buy
The acquisition of 92 apartments on Battersea Power Station's Electric Boulevard "represents a prudent long term investment in one of the capital’s most exciting transformation projects," says MGT boss H…
Goldman Sachs-backed developer buys Bishops Avenue site for super-prime retirement scheme
This is Riverstone's third acquisition in prime London, and follows a significant move into the luxury senior living sector by Amazon Property.
Developers flock to Belgravia Police Station site
A 0.6 acre site between Ebury Square and Victoria Station is being pitched as “a unique Prime Central London redevelopment opportunity”.