There has been a substantial increase in the number of buyers from the United States in London and they spending an average £7.3 million, a new analysis has found.
Ken Griffin bought a London mansion for 90 million pounds. Americans only second to Chinese on list of overseas buyers.
Property prices in prime property markets are continuing to fall on an annual basis but there is stability with values hardly changed on a quarterly and monthly basis, the latest analysis shows.
Notting Hill’s ‘most expensive home’ was taken off the market. Buyers are waiting for U.K. withdrawal from EU to sign deals.
The number of offers made in the prime central London property market in the first three months of this year was the highest in more than 10 years, the latest index report shows.
Prices across the prime central London market were down 9.7% in the first quarter of 2019 compared to the same period last year with an average of £1,146 per square foot.
Average rental values in prime central London continued to rise on an annual basis in early 2019 as a result of declining levels of supply, according to the latest residential real estate analysis.
Buyers of super-luxury London homes are getting 21% slashed off asking prices with Brexit spooking the market, new research from Coutts shows.
Prime property market price growth paused in Scotland in the first quarter of 2018, but demand at the top of the market remained strong and it outperformed the rest of the UK.
The underlying demand for prime property across England and Wales remains strong with the latest figures showing an increase in offers made and properties sold subject to contract.
Brexit uncertainty is dominating the prime property market in London but despite this the residential sector performed reasonably well in the first quarter of 2019, with continued slowing in the rate of price falls, according to the latest research.
The UK’s prime regional and country house market held up better than expected in the first quarter of 2019 given heightened political uncertainty and fragile consumer sentiment, according to a new analysis.
Demand is rising from buyers in the prime property market in central London but prices are still down 5.1% compared with February 2018 and down 1.3% quarter on quarter, according to the latest data to be published.
Galbraith, a leading independent property consultancy, reports that the market for country properties continues to defy expectations, unaffected by Brexit uncertainty.
Annual rental value growth turned positive in the prime outer London property market for the first time in three years in February, according to the latest analysis report.
A third of properties for sale in the UK for a million pounds or more are located in just five boroughs in London, new research shows.
More than half of homes in the prime central London property market were bought by overseas buyers in the second half of 2018, new research shows.
Brexit has had a negative impact on rents in London’s prime residential markets which are now showing early signs of bottoming out, with the annual rate of decline now at its slowest since the June 2016 referendum.
Political chaos and a series of tax hikes pushed the average price of a home in London’s most-desired districts down by almost 5 percent last year, paring it to a low not seen since the start of 2013.
The prime property market in London is in a stronger position than it appears to be on the surface and is in a position to recover once Brexit is sorted, according to a new analysis.
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