US luxury market posts record fall
High-end buyers are feeling 'sticker shock' as mortgage rates rise.
US luxury property market ‘coming back to earth’
Sales of high-end homes plummeted by nearly 18% during the three months to the end of April, the largest drop since the onset of the coronavirus pandemic
Trendwatch: New global hotspots emerge as luxury homebuyers hunt for value
'With home prices at or near peak levels in many luxury markets, high-end buyers around the globe are discovering markets where they wield more buying power,' reports Christie's International Real Estate.
Most read
Agency seals trio of £20mn-plus sales in St John’s Wood as top-end buyers pounce
Savills reports £130mn pre-Budget transaction flurry in prestigious NW London neighbourhood - and predicts a busier-than-usual close to the year.
Project London doubles revenue & kicks off international expansion
High-end design studio founded by two former buying agents reports 'landmark' year & gears up to launch Dubai base.
Expanding brokerage signs super-prime Surrey specialist from Savills
Ben Hehir will be based between the firm's Cobham office & Mayfair HQ.
Relaunched luxury scheme leads resi revival in St James’s Park
Sales team reports renewed buyer interest at The Broadway as raft of redevelopments signal SW1 'renaissance'.
Property consultancy faces six-figure fine for unauthorised works on Grade I listed building
Court rules Knight Frank made alterations to an historic building in Bath without the necessary consents.
By PrimeResi
Prime Purchase adds new director in the Cotswolds
Savills-owned buying agency continues its recruitment drive, strengthening its country team with another established operator.
My Property Career: Quickfire Q&A with Chelsea Whelan
Recruitment guru Barry Collins chats with prime resi industry leaders & entrepreneurs, distilling decades of experience & career highlights into 60 seconds.
PCL buying agency toasts £80mn of deals despite ‘testing’ market
Camilla Dell's Black Brick reveals its standout acquisitions of 2025, including a ‘landmark’ Georgian villa in Hampstead, a classic Marylebone townhouse, and a trophy Mayfair apartment
Prime Central London price declines to ‘bottom out’ early next year – JLL
UK house prices set for +20% growth in the next five years, predicts leading property consultancy.
By PrimeResi
In Pictures: North London mansion offered for sale for first time in 25 years
The eight-bedroom home with a 1,000 sq ft drawing room has an 'exceptional sense of privacy & security', says Dexters
By PrimeResi
LATEST ARTICLES
Bentry lines up super-prime play in Hampstead after pre-Budget swoop
Investor-developer sees off strong competition to secure landmark Edwardian mansion for £16.4mn; plans to deliver around 50 top-end apartments as part of grand 'Sandringham-style' residence.
London house prices to flatline until 2028 as prime markets ‘remain subdued’
Leading estate agency forecasts a property market 'power shift' as the capital's recovery is 'delayed' & regions significantly outperform.
By PrimeResi
Legendary architect Frank Gehry dies, aged 96
His notable designs include the Guggenheim Museum Bilbao, the Walt Disney Concert Hall, and Prospect Place at Battersea Power Station.
By PrimeResi
Government confirms ‘developing approach’ to mansion tax valuations
Exchequer Secretary hints at how £2mn+ homes will be revalued for the new High Value Council Tax Surcharge.
By PrimeResi
Budget 2025 Debrief: Prime market heavyweights lament a ‘missed opportunity’
The Chancellor sidestepped some of the most feared tax measures - but to these leading players in estate agency, tax, legal and finance - that was about the only good news.