Totting up the total spend tells the real story of London's tumbling property market
Laurence Lai looks beyond the price fluctuations to show how the capital's once-booming property market has been reduced to a shadow of its former self...
Laurence has worked in the Royal Borough of Kensington and Chelsea for over 25 years and is highly regarded as an exceptionally talented property professional who has acted with integrity and professionalism throughout his career. As a resident in Earls Court SW5 where he also ran the most successful office in the area for 17 years, his local knowledge is extensive. This familiarity of the area also spans into neighbouring South Kensington SW7 where he played an integral part in the opening of one of the largest Estate Agency offices in the area.
What to read next
‘London’s prime property market is getting back on form’ – Coutts
High-society bank tells affluent clients that PCL is back in action.
Five hot trends in the London property market right now, according to a buying agent
Stacks' Sara Ransom on what's hot - and what's not - in the post-Brexit, post-Covid world.
By Sara Ransom
London’s property market ‘is in the sort of sweet spot that doesn’t last forever’ – Knight Frank
Market Snapshot: Knight Frank's latest London sales and lettings indices.
Companies in this article
YouhomeMost read
Russell Simpson recruits Strutts veteran Meacock
Notting Hill sales chief, who helped launch two high-profile London offices, makes move to the expanding family-run agency.
Another big-ticket deal sealed at Mayfair’s 60 Curzon
Four-bed apartment guided at nearly £25mn finds a buyer at the Thierry Despont-designed scheme.
New figures reveal £541mn Stamp Duty slump after Reeves Budget
Knight Frank has been crunching the numbers ahead of John Healey's big speech, revealing a sizeable drop in high-end sales and the Treasury's tax take.
UK Sotheby’s lays claim to 88% of PCL’s £15mn-plus market
Luxury brokerage reports Q3 sales stats - including some eye-catching claims about its dominance at the top of the market.
UAE-backed firm sets ambition to become ‘London’s leading developer’
As rivals beat a retreat from the London market, housebuilder reports 236% sales surge and £5bn development pipeline.
Top-flight London design studio expands into Middle East
Laura Hammett is opening a permanent base in Dubai next month.
By PrimeResi
Priory Walk townhouse hits the market after superyacht-inspired overhaul
In Pictures: Classic Chelsea family home emerges from ambitious reworking by rjha Architects and a cast of specialist contractors.
Mansion tax territory: Three withdrawals per £2mn-plus sale; twice the wait for a buyer
New figures reveal the scale of the challenges facing the top end of England's housing market, with another Budget imminent and the HVCTS looming large.
The casualties of indecision: Louisa Brodie on when an asking price isn’t really an asking price
Banda's Head of Private Clients shares her take on 'an increasingly frustrating aspect' of the prime & super-prime rental market.
‘There is a tangible value shift’: Alexander Lewis on Lancaster Gate’s coming of age
Development & investment guru explores how a wave of projects is transforming a long-overlooked corner of W2.
LATEST ARTICLES
UK Sotheby’s lays claim to 88% of PCL’s £15mn-plus market
Luxury brokerage reports Q3 sales stats - including some eye-catching claims about its dominance at the top of the market.
New figures reveal £541mn Stamp Duty slump after Reeves Budget
Knight Frank has been crunching the numbers ahead of John Healey's big speech, revealing a sizeable drop in high-end sales and the Treasury's tax take.
Groundhog Day: On Budget déjà vu & why London’s super-prime market refuses to roll over
Another Budget, another round of doom and gloom - but buying agency boss Richard Rogerson has been digging through the £10mn-plus sales figures, and London isn't quite as lifeless as some are saying.
In Pictures: 9,000 sq ft Kennedy-linked penthouse in South of France seeks $45mn
Caudwell debuts Invisible Collection-designed residence at Le Provençal, one of the biggest apartment launches on the French Riviera this year.
Weekly Showcase: Ten featured prime resi listings
PrimeResi's regular stock check, powered by LonRes.