Tag: LonRes
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London Rent Rocket: Prime Prices Soar as Demand Stays Strong
Despite whispers of a slowdown, London’s luxury property market is still hotter than a summer heatwave, with rents shooting up 2.6% in August alone, according to LonRes. Research shows that rents are now a staggering 31.6% higher than they were just a few years ago, back in 2017-2019. Renters Clamouring Despite Summer Slowdown There has…
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Americans are Snapping Up London Homes!
American buyers are leading the charge for luxury London property, with almost half of all homes sold for over £12 million last year going to US buyers, according to new research. UK Sotheby’s International Realty revealed that a diverse group of American buyers, from tech millionaires to families, are behind the surge in interest. These…
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London House Prices Fall but Sales Rise After Election
Good news for Londoners looking to sell their homes: after a slow start to the summer, the capital’s property market is bouncing back, with sales rising following the general election. The number of homes sold in July 2024 was almost 9% higher than in July 2023, according to property experts LonRes. This surge in activity…
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Labour Tax Fears Spooking London’s Super Rich Homebuyers
Are Labour’s tax plans scaring off wealthy homebuyers? A new report suggests that London’s luxury property market is cooling down, with some investors choosing to park their cash elsewhere. A recent survey by Beauchamp Estates has revealed that sales of ultra-prime properties in central London (those worth over £15 million) have taken a dip. Here’s…
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Election Jitters and Soaring Mortgage Costs Spook London’s Luxury Homebuyers
London’s prime property market had a lukewarm June, with sales slumping by 17% compared to last year. Experts are pointing fingers at the recent election and sky-high mortgage rates for scaring away deep-pocketed buyers. The uncertainty surrounding the election seems to have made wealthy homebuyers hit the pause button on splashing out on luxury pads.…
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London House Prices Cut – Bag a Bargain in Prime Areas!
Fancy living in a prime London neighbourhood? Now could be your chance! Prices in posh parts of London are dropping, with sellers slashing asking prices to tempt buyers. Hold onto your hats, because house prices in places like Mayfair and Kensington have actually gone down compared to last year. According to property experts LonRes, prices…
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London House Prices Cut as Sellers Battle it Out
Homeowners across the capital are being forced to drop asking prices as the number of properties up for sale continues to climb. New data from property experts LonRes has revealed that house prices in upmarket areas of London fell by 2.8% in May compared to last year. This means prices are now roughly the same…
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London’s Prime Property Market Hits a Slow Patch – Buyers and Sellers Hold Their Breath
The London property market, specifically in the prime areas, has been experiencing a noticeable slowdown in sales activity. March saw a significant 19.3% drop in property sales compared to the same month last year, signaling a cautious approach from both buyers and sellers. Despite a mild pickup from February, March did not bring the usual…
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London’s Prime Property Prices Fall to 2014 Levels
London’s prime property market has seen a significant drop, with average prices tumbling back to levels not seen since early 2014. According to a comprehensive study conducted by property analysts at LonRes, the fall is significant, with a 7.8% annual decrease reported in February. Despite the dip in property prices, the number of transactions in…
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Prime London Sales Still Subdued
The prime London sales market has been experiencing a period of stability, with little significant movement in property values over the past decade. However, the market saw a notable downturn in October, with average achieved prices falling by 3.3% compared to the previous year. This marks the largest annual fall since May 2021. Despite these…