London’s wealthy put homes up for renting as mortgage rate rises bite London rental market London’s wealthy are placing their homes up for rent as they struggle to reach their ideal asking price on pads across upmarket boroughs such as Chelsea and Mayfair. Following the Bank of England’s decision to hike interest rates by 0.5 per cent, figures from estate agent Knight Frank show affluent sellers in some of London’s [...]
Who is buying London’s mansions? 60 per cent go to wealthy buyers from four countries Property The super-prime market in London is booming. More mansions in the capital are being sold, for higher prices, to an increasingly international base. In 2023, sales of super-luxury new-build London apartments rose by 137 per cent to an average of £4,306 per square foot, according to Beauchamp Estates. Supply of luxury houses has also been boosted by an influx [...]
London’s mega-wealthy rent luxury pads to celebs like Harry Styles to avoid selling up Rich and Famous 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 [...]
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 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.
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.
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 [...]
Will Hunt’s tax changes push non-doms out of London? March 11, 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.
Billionaires Row: Mansions on London’s poshest street set to disappear October 10, 2023 London's poshest postcode is undergoing a transformation, as developers look to convert Billionaire Row's flashy mansions into apartment complexes.
Value of posh pads in London’s richest postcodes falls by £50k November 30, 2023 The value of luxury flats in London’s poshest postcodes has fallen by 6.1 per cent in the last year as the capital’s mega rich put off buying homes amid the cost of living crisis. According to a new report by Investec Wealth & Investment, shared with City A.M., in the last year the average price [...]