Record levels of unsold new-build stock in London
Molior puts current total at 26,573 units after Q2 construction surge
Record number of unsold new-build units in London
27,000 new homes in the capital are yet to find a buyer, according to Molior data
By Prime Resi
New-build crisis predicted as ‘volatile’ stock floods Inner London
A high-profile investment firm has joined the chorus of commentators voicing concerns over the fate of new-build schemes in "heavily-saturated" parts of the capital.
By Prime Resi
New-build sales rise in London as overseas buyers maintain interest
Buyer demand for new homes in London remained robust during the choppy waters of Q1, according to some new stats on the boxfresh market from Molior and Chestertons.
By Prime Resi
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Savills announces latest raft of promotions
'The fact that we remain number 1 agent in the UK for sales above £500k is, to me, proof that our people development strategy is working', says UK resi boss Andrew Perratt.
Boutique agency expands with double acquisition in west London
Wilfords swoops on firms in South Ken & Notting Hill and eyes further targets in SW London.
Mayfair agency seals another super-prime deal as local market ‘booms’
Luxury Arts and Crafts townhouse on Aldford Street finds a buyer, following sale of £25mn former embassy on nearby Park Street.
Profits plunge at Savills as global property markets ‘normalise’
Global property consultancy reports a sharp contraction in revenue and profits, but Chief Exec Mark Ridley suggests 'most markets appear to be past the moment of peak uncertainty.'
By PrimeResi
New 42-storey tower promises to ‘put Earls Court onto London’s skyline’
The first phase of the long-playing 40-acre West London regeneration project will feature a striking 'sustainable beacon', a 4.5 acre public park, and up to 1,000 new homes.
By PrimeResi
Savills recruits JLL’s Dowling to lead Cheltenham team
Ken Dowling was head of JLL's Kensington office, but has now moved to the Cotswolds.
By PrimeResi
In Pictures: Inside a 10,000 sq ft Notting Hill super-home, asking £21mn
Remodelled 1850s villa has its own wellness centre and space for an art gallery.
Going under offer: How to buy a prime property from a receiver
Recent reports suggest a number of London’s most expensive residences are being sold as part of bankruptcy proceedings, as wealthy homeowners have their assets liquidated to pay down debts.
Government cracks down on long-term empty homes
100% council tax premium will come into force on 1st April.
Five Minutes With: Makoto Fukui of Schroders on delivering a super-prime build-to-rent scheme in PCL
'London is slightly playing catch up to the rest of the world when it comes to luxury BTR,' says fund manager for The Knightsbridge Estate.
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In Pictures: Native Land’s 100 George Street aims to set ‘a new benchmark for exceptionally crafted homes’ in Marylebone
Sales have launched at the Hopkins Architects-designed 100 George Street, which is delivering 41 luxury apartments as part of a major mixed-use development on The Portman Estate.
By PrimeResi
Price expectation gap between buyers & sellers risks widening
Rising supply and mortgage rates may increase downwards pressure on asking prices, explains Knight Frank's head of UK resi research.
By Tom Bill
Daggers’ DDRE to star in new Netflix show ‘Buying London’
A new reality TV series will follow Daniel Daggers’ DDRE Global team as they 'set out to conquer the super prime high-end real estate market from the prestigious streets of Mayfair to the exclusive enclaves o…
By PrimeResi
Cash buyers insulate Surrey’s top-tier property market
The proportion of buyers using cash across the county's famous private estates & roads jumped from under half in 2021 to nearly two-thirds in 2023, says Savills.
Asking prices jump 1.5% in a month as the property market ‘marches in Spring’
Rightmove reports a continued recovery in home-buying activity, led by the top-end of the market
By PrimeResi