The UK’s total housing value hit a record high in 2022 – but that’s likely to be ‘a high watermark for a few years’
Significant house prices gains over the last few years have favoured more owner-occupiers than landlords, suggests Savills.
The total value of London’s housing stock has fallen for the first time since 2009
The total value of UK residences climbed by 2.7% - or £190bn - in 2018, says Savills, but London saw a 1.5% drop; all the homes in Britain are now worth £7.29 trillion.
By PrimeResi
Five years on: How 2016’s tax changes have shrunk the buy-to-let market
“The tax changes introduced from 2016 onwards have undoubtedly taken the heat out of the buy-to-let market," argues Hamptons' research chief Aneisha Beveridge.
By PrimeResi
The world’s High Net Worth population grew 7.8% in 2021
North America retains its position as the top global region for the super-rich, while Europe has overtaken a "lacklustre" Asia-Pacific according to Capgemini’s new World Wealth Report.
Companies in this article
SavillsMost read
In Pictures: £24.75mn show apartment unveiled at luxury Mayfair scheme, 60 Curzon
A flurry of sales have been finalised at the Art Deco-influenced project in recent months.
Luxury agency UK Sotheby’s International Realty launches property buying arm
The London-based brokerage has already signed up private clients with a combined £300mn to spend on high-end homes in 2025.
Big-ticket townhouse sale completes in Marylebone
Buyer exchanged on 'incredible' mixed-use proposition, listed at £22.5mn, just before the Budget.
High-flying agent joins Harding Green in Clapham
Catherine Wilson previously worked at Douglas Elliman in New York, and ran sales for the King's Cross & Battersea Power Station developments in London.
By PrimeResi
Buying agency flags ‘window of opportunity’ for house-hunters
It's shaping up to be a busy winter season for the property market, suggests Recoco.
By PrimeResi
Global branded residences sector to double in size over the next seven years, predicts agency
Demand for high-end branded product is showing no signs of slowing down, reports Savills, revealing another 60 names are poised to enter the space by the end of the decade.
Luxury Property Forum founder announces global ambitions
In Pictures: Priya Rawal hosts the LPF Christmas Soiree at Ginza St James's.
By PrimeResi
Ending non-dom tax breaks has cost £140mn in ‘lost’ Stamp Duty revenue, claims agency
Knight Frank believes speculation over tax changes caused a 'shortfall' of 142 high-value property sales since March, resulting in a 'theoretical loss' in revenue for HMRC.
By PrimeResi
Foreign buyers shift focus in UK property market amid changing trends & taxes
The proportion of overseas buyers has risen to 27% in London, new stats show, with Asian investors at the forefront.
Global sports star nets Bugatti-branded penthouse
Developer Binghatti reveals A-list buyer at latest ultra-luxe project in Dubai.
LATEST ARTICLES
Some leasehold reforms to be enacted ‘at pace’ next year, promises government
The 'two-year rule' will end in January, but the announcement of more consultations mean major changes to the leasehold system are still some way off.
By PrimeResi
Five key trends shaping Alpine property markets in 2024-25
Property markets in Europe's traditional ski resorts are proving 'resilient', says Knight Frank, as wealthy buyers discover the mountains' year-round appeal.
By PrimeResi
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes
In Pictures: Extraordinary Jersey mansion seeks £35mn
This 'Mayfair specification' super-prime house overlooking St. Brelade's Bay is 'the ultimate retreat for discerning homeowners', say agents.
By PrimeResi
Estate agents report another rise in agreed sales
Propertymark expects home buying & selling activity to 'accelerate over the coming months moving into 2025.'
By PrimeResi