Tag: Prime London
-
Prime London Property: Confidence Takes a Hit
Worried about the housing market? You’re not alone. A new study reveals investors are losing faith in London property, with fears growing over government policies and the rising cost of living. Is the London property dream over? A recent survey by Enness Global, a top finance broker, asked over 100 wealthy investors about their thoughts…
-
London Luxury Homes Now a Bargain at 20% Off!
Could now be the time to grab your slice of prime London property? Prices in the capital’s most desirable neighbourhoods have plummeted by a fifth since their peak in 2014. Despite lower mortgage rates offering potential savings, Savills’ latest report reveals that the priciest London properties are now 20% cheaper than a decade ago. So,…
-
Budget Worries Hit Property Prices Despite Cheaper Mortgages – Savills
House prices have stalled as potential buyers wait to see what’s in store for their wallets in the upcoming budget, despite cheaper borrowing costs. While cheaper mortgages have boosted the property market, fears over tax hikes have made some buyers think twice, particularly those eyeing up luxury homes in London. The latest figures from property…
-
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…
-
London’s Prime Homes Struggling to Find Buyers?
Fancy a flat in Kensington or a townhouse in Hampstead? You might be in luck. It seems wealthy buyers aren’t snapping up luxury London properties as quickly as they were. A new report by Benham and Reeves, the estate agents, shows demand for prime property in London has dipped this autumn. Their “Prime London Demand…
-
Rich Buyers Uncertain About Buying Prime London Homes
Nervous millionaires and billionaires are putting off buying luxury London homes as they wait to see what will happen in the next Budget. The number of homes sold in London for over £10 million has fallen by nearly a quarter (22%) compared to last year, with experts blaming uncertainty about tax changes. Many wealthy buyers…
-
London Million-Pound Homes Vanish After Tax Hit
George Osborne’s changes to stamp duty a decade ago have hammered the capital’s luxury property market. The number of homes in London worth £1 million or more has plummeted by 16% since 2014, according to new research. In stark contrast to the rest of the country, where million-pound homes have increased by 70% over the…
-
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…
-
London Second Homes are Worth £6 BILLION!
Fancy a second home in Kensington and Chelsea? You’ll need deep pockets – properties here are worth a staggering £6 billion! New research has revealed that London’s poshest neighbourhoods boast the most expensive second homes in the UK. Estate agent Benham and Reeves found Kensington and Chelsea’s second home market is worth a cool £6…
-
London House Prices Dip but Cheaper Mortgages Could Be a Game Changer!
The average asking price for a London property in July was £677,794, a 2.1% drop from June, according to property website Rightmove. That’s a cool £17,285 shaved off the average asking price. While this might seem like a big drop, it’s actually pretty normal for this time of year. Plus, across the whole year, London…