Prime London house prices skyrocket by 114 per cent as homebuyers flock back to the city April 30, 2022 While prime London property prices have remained largely flat on a year on year basis, life is starting to return to the capital’s top tier, with some postcodes seeing average sale prices climb by as much as 114 per cent. However, not everywhere has fared so well with some postcodes seeing a reduction in average [...]
Are house prices really going up? London had lowest change across UK with average in capital now £543,000 February 15, 2023 The average UK house price ended last year £26,000 higher than when 2022 started, although the annual pace of growth in property values is slowing. Property values increased by 9.8 per cent in the 12 months to December 2022, which was weaker than the 10.6 per cent annual growth recorded the previous month. London’s average [...]
Half of all £1m+ UK property sales are in London with not Chelsea but Wandsworth leading the pack May 15, 2022 Despite a more lethargic pandemic property market performance, London remains by far the most prestigious pocket of the property market across England and Wales, accounting for almost half of all homes sold at £1m or above. With an average sold price of £1.4m and a total of £17.6bn worth of property sold at or above [...]
LendInvest founder Christian Faes: Why I left London for California July 27, 2023 Fintech founder Christian Faes tells City A.M. why he's swapped London for California.
Prime properties outside London surge at strongest pace in a decade with house prices in Cotswolds leading the pack December 28, 2021 New research shows this morning that prices of prime properties outside London have surged at the strongest pace in a decade during 2021. As house hunters looked for more space and made lifestyle changes, price growth across the prime housing markets outside London averaged 9.3 per cent over 2021, marking the strongest annual growth since [...]
The winners and losers of London’s work-from-home economy: The City, the Wharf and the Burbs September 17, 2023 The pandemic may have ended, but the lasting work-from-home culture has changed how people splash their cash – and invariably it’s on a Thursday now. Empty restaurants, but heaving happy hours in pubs, is the perhaps biggest shift for the hospitality sector as consumers change their habits to meet a new work-life balance. A new [...]
Knight Frank: UK house price growth will peak as cost-of-living climbs April 13, 2022 UK house price growth is thought to have peaked and will begin its descent away from record figures as the cost-of-living crisis in the country swells, researchers at Knight Frank forecast. With runaway inflation and rising energy bills, the list of obstacles in front of house buyers has continued to grow exponentially since the pandemic. [...]
Businesses splash £5bn on London offices as overseas firms eye UK capital April 28, 2022 Businesses have splashed £5bn on office assets in London in the first few months of this year – the highest level of investment since 2018, commercial real estate services firm Avison Young has revealed. The figure is more than double the amount spent in the same quarter last year, buoyed by recent high-value deals. The [...]
Interest in multi-million pound London homes picks up October 6, 2021 Home buyer interest in London’s market for homes listed at £2m and above has jumped 5.8 per cent. Interest in properties £10m and above rose 1.8 per cent in the third quarter, the Prime London Demand Index by estate agent Benham and Reeves showed. In the £2m and above market, Wandsworth in the city’s south-west [...]
Interest in multi-million pound London homes picks up – CityAM : CityAM October 6, 2021 Home buyer interest in London’s market for homes listed at £2m and above has jumped 5.8 per cent. Interest in properties £10m and above rose 1.8 per cent in the third quarter, the Prime London Demand Index by estate agent Benham and Reeves showed. In the £2m and above market, Wandsworth in the city’s south-west [...]