A number of prime central London postcodes are seeing homes sell at a considerable discount of up to -20% per square foot, highlighting that in many areas there is a notable difference between the expectations of home sellers and the price that buyers are willing to pay.
House prices in central London have had a rough ride since the start of the pandemic, with prime property having reportedly fallen by 10% on average.
"It's now or never!" Wealthy city dwellers are desperate to buy rural retreats in the aftermath of COVID-19, Knight Frank research shows.
The London market for high end properties has surged as the capital’s high rollers seek bigger properties with gardens to make working from home more comfortable.
Lonres reveals how the lockdown rules and difficulties of getting listings online hit the capital's housing market hard.
The latest analysis by high-net-worth mortgage broker, Enness Global, has found that transactional volume across the nation’s £1m+ property market failed to bounce back following December’s election result.
Chinese took of 6% of London’s prime property market in the second half of 2019, with 55% of property being sold to foreigners.
Properties in Prime Central London are coming onto the market at twice the rate as other areas of London, as owners look to take advantage of the sharp uplift in the property market, Chestertons, one of central London’s largest agents, has revealed.
Despite financial uncertainty across the whole of the UK property market, sales of properties valued upwards of £1m continue to happen. New market analysis from lettings and sale agent, Benham and Reeves, reveal where.
The Cairnty Estate in Aberdeenshire, Scotland, is for sale for 2.65 million pounds (roughly $3.4 million). Built by its owner, William Mountain, in 2011, the house has underfloor heating. He says it is “never cold.”
The shocking effect of Brexit and Stamp Duty on the prime central London property sales has been revealed by new research from a leading prime agent.
House prices in Prime London have typically fallen by 16% from the 2014 peak, research from buying agency Ludgrove has found.
There has been a rise in the number of transactions completed in prime central London across the first nine months of 2019, according to the latest data released by Knight Frank.
Fuelled by the seemingly never ending rise of property prices, the number of prime residential housing transactions have increased rapidly in the past 20 years.
Weak pound means overseas tenants able to increase budgets, says Knight Frank
Viewings and sales in prime central London’s residential property market are rising, despite the continued political uncertainty surrounding Brexit, according to the latest industry analysis.
Despite a backdrop of intensifying political and economic uncertainty, the prime central London residential market had bottomed out, with prices down just 0.3% in the three months to the end of September.
Rental value growth in prime central London has been broadly flat over the last 12 months, underpinned by the fact demand has grown faster than supply, the latest sector report says.
Mounting economic headwinds are contributing to slower prime property price growth in key cities around the world and leading policymakers in developed and emerging markets alike to cut interest rates.
The prime property market in London held firm in the second quarter of 2019 while regional areas saw price growth, narrowing the gap with the capital, the latest analysis shows.
Opt in here