Newly released research by London lettings and estate agent, Benham and Reeves, has revealed the latest casualty of the ongoing crisis - the superprime London property.
Chinese took of 6% of London’s prime property market in the second half of 2019, with 55% of property being sold to foreigners.
A high-security mansion on one of London's most exclusive roads is the target of the UK's latest use of Unexplained Wealth Orders (UWOs).
Cheung Chung-kiu in process of buying 45-room property overlooking Hyde Park
Global elite take out £1.8bn in mortgages for London houses in year to end of September
It has got even more expensive according to new figures released by lloyds Bank. A property in Ilchester Place – located in the heart of London’s Holland Park and home of the rich and famous – has gone up from £15.6million last year to an average price of £17.2million, at more than 62 times the national house price average of £275,0001.
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.”
Central London estate agency pulls of coup and finds European buyer for converted and refurbished house in chi-chi Hans Town neighbourhood.
Buyers spent a total of £2.06 billion on super prime properties in London in the year to May 2019.
This was marginally higher than a figure of £2.05 billion in the previous 12 months, according to super prime sales market insight report for Winter 2019 from international real estate firm Knight Frank.
Weak pound means overseas tenants able to increase budgets, says Knight Frank
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.
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.
More evidence is emerging that steep price cuts are hitting home values in London’s best districts as the market struggles to escape the morass that’s engulfed it over the last four years.
Grosvenor Crescent in London is the most expensive street in England and Wales with an average price of £16.9 million, according to new research.
Highest number of sales in Hong Kong as London’s ultra-prime housing market slips amid Brexit concerns
Sales volumes in London’s super prime residential property market have proved relatively resilient this year despite the impact of political uncertainty surrounding Brexit negotiations, according to a new analysis.
Luxury housebuilders and estate agents on Tuesday attacked new plans to stop mega-mansions being built in the West End.
Prime property prices in London are falling. But at the very top of the market, sales are booming as billionaires hunt for bargains
Across London, social housing is being demolished to build luxury towers for global investors. Only eight years since the financial crash, Anna Minton marvels at how, once again, we’ve let the property market spiral out of control
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