London prime property sales resilient despite economic headwinds Property London’s prime property market has remained stable year on year despite significant headwinds, according to a major real estate firm. There were 93 sales above £5m in the first three months of the year, on par with the 92 in 2024, Savills found. Overall values also held up, with total values for houses between £10m [...]
Prime London house prices underperform wider property market under Labour Property The prime London housing market has risen by less than the wider housing market since last June, despite the sector’s usual strong performance under Labour. Since July of last year, the average London house price has fallen by 0.5 per cent, according to Benham and Reeves. House prices across Kensington and Chelsea, meanwhile, have plummeted [...]
Lack of prime Mayfair houses triggers hotel and lettings boom Property Mayfair’s hotel and lettings sector has scooped up luxury clients left adrift by a lack of prime housing in the area, a new survey has found. With new planning restrictions and rising construction costs pushing construction to a ten-year low, wealthy visitors have turned to newly built apartments or hotel suites during their stays, according [...]
London prime property prices dip as Budget raid deters wealthy buyers February 4, 2025 Prices for London prime properties remain far below their 2014 peak, with double-digit discounts on asking prices to be found in some areas of the capital. The average reduction in the original asking price for houses over £1m in Greater London was £200,100, according to Investec, but some areas saw a 11.3 per cent discount. [...]
London’s top spot for super-prime property crowned January 29, 2025 Belgravia has taken the crown as London’s most-sought-after super prime neighbourhood, home to more than a tenth of sales in the capital last year and overtaking Chelsea for the first time since 2020. The area was even home to London’s first super prime deal of 2025, a £38m mansion on Wilton Crescent. “Belgravia has benefited from [...]
Inside the eight-bedroom mansion in London’s Belgravia sold for £38m January 7, 2025 London’s super-prime residential market is off to a strong start after a turbulent 2024, with a £38m eight-bedroom mansion, Belgravia, the first residential property to be sold in the new year. Complete with a private health spa, swimming pool, and rear and front gardens, the 840sqm property has been sold to a UK buyer – [...]
London’s poshest district is nearly 100 times pricier than the north of England December 23, 2024 Knightsbridge has been named the most expensive district in London and the UK, with the average house price coming in at a whooping £21.4m. That’s nearly 96 times the average price of a home in the north of England. The West London region is home to the capital’s most expensive residential site, Knightsbridge’s One Hyde [...]
London’s prime property market looks set for a recovery under Labour July 8, 2024 A more stable political and economic situation should provide another boost, making London—and the UK as a whole—a more attractive place to live, work, and invest.