Wealthy apartment buyers help Mayfair buck PCL pricing trend
Average £psf values have soared by 97% since 2007, compared with 59% across Prime Central London, with super-prime units commanding off-market prices 'double or treble' the local average; reductions and withdrawals down to 'aspirational pricing' and 'bullish agents'...
Proportion of international buyers in PCL hits six-year high
57% of the homes sold in London's priciest postcodes during H2 2018 went to overseas purchasers, reports Hamptons International, the highest level recorded since H2 2012;
Top-end sales jump as PCL responds quickly to political certainty
Q4 was a record quarter for £20m+ deals in Central London, reports Savills, while December saw the highest number of £5m+ sales since 2014.
Brexit uncertainty weighs heavy on Prime London as vendors and buyers ‘withdraw from the market’
LonRes records further declines in transactions, instructions and prices, but notes a boost in the number of homes going under offer;