‘This is a low volume market’: Only 12 house sales recorded per week in PCL
Rolling 12-month transaction volumes are some of the lowest on record, reports LCP.
What to read next
‘Pricing precision’ driving PCL market, says Knightsbridge agency after £20mn week
New approach now needed to get big-ticket deals over the line, reports Winkworth, following benchmark sale in Belgravia.
Signs of life in the Prime London sales market, but values are still falling
As we pass the halfway point of the year, the latest LonRes figures reveal what's really going on in the prime postcodes.
Prime London sales market still struggling to build momentum, says LonRes
Latest data: Under offers are up, but values are down by more than 5% year-on-year and price reductions are running at record levels.
Companies in this article
London Central PortfolioMost read
Savills consolidates flagship PCL teams
Big-brand agency is relocating its Knightsbridge operations to Sloane Street.
By PrimeResi
Full-floor shell penthouses atop Park Lane ‘Grande Dame’ building seek £50mn
Agents instructed on 19,000 sq ft with planning for four big laterals in Art Deco landmark overlooking Hyde Park.
By PrimeResi
High-profile buying agency toasts 20 years in business
Sloane Square-based firm reveals acquisition record and says industry shifts have made the market 'increasingly difficult' for buyers to navigate.
What do the wealthiest want? Four questions, 32 experts, ten key findings
'Something has shifted at the very top of the market,' declares LPF boss Priya Rawal after consulting a panel of luxury property insiders.
By PrimeResi
High-profile developer wins £1.9mn SDLT battle over Chelsea mega-mansion
Upper Tribunal dismisses HMRC appeal in long-running tax dispute.
Developer offers £42k private school sweetener to homebuyers
Two years of fees are on the table at a north London scheme as firms look to tempt purchasers with increasingly inventive incentives.
Super-prime construction firm builds leadership team
Knowles makes trio of senior appointments amid ‘increasing demand’ for top-end services in London and further afield.
‘2026 likely to prove one of the lowest years for London transaction volumes on record,’ warns Foxtons boss
Major estate agency's profits hit hard by 'materially lower' sales volumes and 'short-term volatility' in the lettings market.
By PrimeResi
Burnham ‘rules out’ scrapping Stamp Duty in the next Budget
But other reports suggest the new government is 'actively looking' to replace council tax & stamp duty with a new system.
By PrimeResi
Knightsbridge Gate nears sell-out after £30mn double deal
Middle Eastern buyer picks up two neighbouring apartments at the luxury PCL scheme, leaving just one residence available.
LATEST ARTICLES
Rare receivership sale completed on Eaton Square
Lateral Belgravia penthouse sells above guide after drawing ‘very high’ viewing numbers.
Rightmove revenue climbs as agent retention hits decade-high
Plc's profits rise as estate agents continue to spend more with the property portal.
By PrimeResi
In Conversation: William Bles on the changing HNW client & the new rules of super-prime design
HBA Residential's new EMEA Principal discusses the dramatic shift in expectations among global buyers over the last decade - and what it means for luxury designers and developers.
Required Reading: What the Royal Lodge saga tells us about subletting
Andrew Mountbatten-Windsor's recent example highlights how crucial it is to get the rules in writing, explains Kate Stockdale.
London is the slowest-moving region as new research highlights torpid home-buying process
The average time it takes to move home in Britain has increased by nearly a third since the pandemic, says Rightmove.
By PrimeResi