Tag: Knightsbridge
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London’s Prime Housing Market Bounces Back
Key points – Prime central London’s housing market, an area that has faced its share of struggles, is now witnessing a significant upswing. This resurgence is a breath of fresh air following the turmoil caused by the 2022 mini-Budget, which had far-reaching impacts across the UK’s housing sector. A Surge in Buyer Interest and Offers…
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International Investors Still Support Prime Central London Market
For decades, London’s property market has been a major attraction for foreign investors. The capital city offers a unique blend of world-class education, rich cultural experiences, verdant spaces, and historic architecture, making it a compelling destination for investment. As an indicator of its global appeal, recent statistics revealed that a whopping 57% of property purchases…
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London’s ‘Ghost Listings’: The Rise and Implications
London’s housing market has always been a hub of activity, with various trends emerging and receding over the years. Recently, a phenomenon known as ‘ghost listings’ has been catching the eyes of property enthusiasts, buyers, and sellers alike. But what exactly are these listings, and why are they growing in popularity? Understanding ‘Ghost Listings’ Historically,…
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Cash Buyers Drive London Prime Market
Cash buyers have been driving sales in prime central London, according to leading estate agency Savills. Despite concerns about rising interest rates and price sensitivity, there has been an increase in £10 million-plus cash deals this summer in prestigious areas such as Kensington, Chelsea, Westminster, and Knightsbridge. Wealthy buyers, who are not affected by rising…
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Prime Central London – Prices Down, Lettings Up
Knight Frank’s latest research shows a mixed picture for the most expensive areas of the capital. Houses prices are down but the number of lettings available is rising. 1. Property Prices: 2. Property Sales: 3. Renting in London: Deeper Dive: Why are the London prices and sales behaving this way? What’s happening in the rental…
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Prime London Holds Steady Amid UK’s Property Dips
Research by estate agents Knight Frank shows that London’s prime properties are losing less value than other houses in the current dip. 1. Big Picture: 2. Specifics: 3. Why did Prime London Struggle during COVID?: 4. Expert Insight: 5. Sales Data from July: Key Takeaway: Prime London properties are showing resilience. While the pandemic has…