Prime London Housing market holding up against backdrop of high interest rates Property The prime property market in London appears to be holding up relatively strongly in the face of rising interest rates, according to an index. House prices in prime central London in the third quarter of 2023 were typically 1.2 per cent lower than a year earlier, estate agent Savills reported. Property values across London’s prime property market generally were down by 2.1 per cent annually in the third quarter of this year. [...]
Will Hunt’s tax changes push non-doms out of London? spring budget 2024 Non-doms, or non-domiciles, are people who live in the UK and pay tax on UK earnings whilst maintaining a primary home overseas.
Global travel and weak pound fuels London prime property recovery amid fears of Labour stamp duty plans London property The return to global travel and the weak pound helped the fuel recovery of London’s prime property market in the first third of 2023. Data by estate agents Knight Frank, shows that sales on luxury pads above the five million pound price point are up 40 per cent compared to the same period last year [...]
London’s wealthiest renters can now pay with cryptocurrency March 9, 2024 Some of London’s richest tenants are now paying their rent in cryptocurrency.
London’s priciest mansions struggle to sell as luxury property market faces change December 7, 2023 Economic headwinds are taking a toll on the two priciest mansions in London, reports suggest, as the luxury property market continues to adapt. The two properties – Rutland Gate and The Holme – are on the market with a combined listing of £475m. A person familiar with the matter told Bloomberg that founder of real [...]
London’s mega wealthy turn to renting amid high interest rates November 24, 2023 London’s ultra wealthy are opting to rent instead of snapping up homes as high interest rates and a tough buyer market have dampened interest.
Wealthy middle-eastern investors drive growth in London office market December 19, 2023 Wealthy Middle-Eastern investors are driving sales in London’s office market, as reduced competition acts as an opportunity.
London’s mega-wealthy rent luxury pads to celebs like Harry Styles to avoid selling up January 23, 2024 London’s mega wealthy are opting to let their million pound homes in Notting Hill to A-List celebrities and escaping to the countryside to avoid selling up. The end of Hollywood’s actor strike has seen a number of cinema and music’s biggest names return to the iconic west-London borough after a near nine month hiatus, estate [...]
Billionaire vaccine maker buys London’s most expensive property of the year December 12, 2023 A billionaire who made his wealth from vaccines has just made the most expensive purchase on a home in London this year, snapping up a Mayfair mansion for £138m.
Young ‘upsizers’ drive demand for multi-million-pound homes in Mayfair April 6, 2024 London’s ultra wealthy have remained immune to the downturn in the housing market, with posh-pads in the exclusive neighbourhood of Mayfair now commanding a 50 per cent price premium compared to the rest of prime central London.