A record 50% of homes sold last year took a price cut
After a subdued 2023, Hamptons expects the supply of homes available to buy to improve this year, although 'confidence could still be vulnerable to economic shocks and global events'.
More than one in five London homes sold in 2023 went above £1mn
17,590 properties have sold for more than £1mn in the capital so far this year - which is 21% of all resi transactions.
More than half of homes sold in September had their asking price reduced
'With some sellers still holding out for last year’s prices, it’s the number of homes changing hands rather than their price that’s bearing the brunt of the slowdown,' says Hamptons.
‘London leavers’ spent 29% less on homes outside the capital in 2023
Londoners' spending on homes outside the capital has returned to pre-Covid levels, reports Hamptons.
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Luxury property agency targets global UHNWIs with new ‘billionaires’ division’
Elite arm of UK Sotheby's International Realty will offer super-rich clients access to off-market trophy homes, fine art, jewellery & classic cars.
Sale agreed on Spink-designed super-home in Kensington
11,000 sq ft contemporary mansion was guided at £27.5mn and attracted competitive interest.
Major estate agency group reportedly hits the market
Lloyds Bank-backed Lomond Group could be valued at 'well over £100mn'.
Ranked: Countries & cities by billionaire population in 2024
Huron's latest Rich List points to a decline in China's wealth, with New York and London emerging as the world's top billionaire cities.
In Pictures: High-profile Belgravia mansion hits the market at £23.5mn
Storied Lyall Street residence is 'one of the finest houses in the district', says Beauchamp Estates.
‘Once in a lifetime’ development opp in Islington seeks £7.5mn
'Syracusae' comes with a star-studded back story & scope for either an 'iconic' single residence, or three state-of-the-art homes.
In Conversation: Karen Howes & Jane Landino of Taylor Howes on game-changing projects & longevity of design
PrimeResi meets the CEO & creative head of the acclaimed interiors studio that's worked on over three billion pounds worth of prime and super-prime London real estate.
US super-broker reveals secrets of his success
'I just announced it on a Monday and I let everybody ask. How do I buy it?' Ryan Serhant explains how he pulled off the record-breaking launch of Mercedes Benz Places in Miami.
Côte d’Azur landmark emerges as £300mn luxury resi scheme
London-based developer Caudwell is transforming a famous former Art Deco hotel into 39 ultra-luxe residences.
Trophy 1827 townhouse on Fitzroy Square lists at £11.5mn
Grade II* listed Georgian gem is where Ian McEwan wrote one of his best-known novels.
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Property industry reactions: Bank Rate held at 5.25% for a sixth time
The latest inflation figures are 'encouraging,' says the Bank of England, 'but we are not yet at the point of cutting interest rates.'
Knight Frank names new Heads of London Prime & Super Prime Sales
PCL promotions for Stuart Bailey & Charles Olver.
Boutique Knightsbridge agency acquires longstanding Chelsea firm
NVP has added lettings & management company HLR to its stable & is on the lookout for further acquisitions.
Law firm toasts super-prime success at Chelsea Barracks
Global firm has advised on over £140mn of sales at the top-end resi project in recent months.
Buyer demand ‘mellows’ while property listings rise – RICS
'There is still a strong perception that activity in the market will pick up in the latter part of the year and into 2025, irrespective of any political uncertainty around the general election,' says the…