Tag: Prime London
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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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London House Prices Cooling Off as Summer Ends
London house prices drop, but will the Autumn Budget bring more uncertainty? The London property market seems to be having a summer slump, with fewer buyers putting in offers on houses in June and July. This could be good news for anyone wanting to buy a posh pad in the capital, as prices are starting…
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London House Prices Slashed – Bag a Bargain in Your Borough!
Over a third of homes for sale in London have had their asking prices slashed – meaning big savings for buyers like you! Estate agent Benham and Reeves’ latest figures show 34% of London homes currently on the market have had a price reduction. Fancy a posh pad at a discount? Kensington and Chelsea tops…
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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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London Prime House Prices Surge as Buyers Return to the Market
Property prices in upmarket parts of London have bounced back to levels not seen in a year, with the average asking price now £1.5 million. That’s a jump of 3.4% in just three months, according to the latest Coutts London Prime Property Index. The number of deals being struck has also shot up, with a…
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London’s Luxury Property Market Still Booming for Buyers and Sellers
Homes worth £5 million or more are still flying off the shelves, proving London remains a top choice for those seeking luxury living. Despite rising interest rates, the London prime property market is still going strong. Savills, a leading estate agent, has revealed that homes priced at £5 million or more are being snapped up…
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London’s Luxury Property Market is Heating Up
Good news for sellers, as demand for prime property in the capital is on the rise. If you’re thinking of selling your luxury London pad, now could be the time! Demand for pricey properties in the capital is on the up, after a bit of a wobble earlier this year. According to the latest figures…
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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 Prime Property – Labour’s Win Could Be a Boost for Investors
The recent Labour victory has sparked a wave of optimism amongst London’s property investors, with analysts predicting a strong rebound in the prime property market. Pent-Up Demand and Interest Rate Cuts Experts believe that the election results have cleared the air, prompting a surge in buying activity, City AM reports. “A lot of buyers were…
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Rent Rises Cooling Down in London’s Prime Areas
According to property experts Knight Frank, rents in prime central London only went up by 3.5% in the year to June. That’s the smallest increase since July 2021. It’s a similar story in prime outer London where rents rose by 3.6%. Why are rents cooling down? Remember when rents went crazy high? That’s because there…