‘Soul destroying’: Why London’s luxury property market has taken the biggest hit in a decade Property It’s been almost three years since Emma first put her Kensington home on the market. With an initial asking price of just over £4m, she turned down a number of early low-ball offers before accepting one only slightly below what she’d wanted. But after months of dithering, the buyer pulled out at the last minute. [...]
London luxury property market extends slump as Iran war knocks confidence Property London’s luxury property market continued its slump in February as market confidence took a hit from the Iran war just as it began to recover from last year’s Budget. There were 31 per cent fewer sales for prime properties – which defines those in the top five per cent of the market – this February [...]
London house prices ‘need’ to fall amid supply increase, housing minister says Property House prices “probably need” to fall in London, the housing minister has said, after insisting that the government’s 1.5m home building target could still be met. Matthew Pennycook said Labour wants to encourage developers to compete on volume in order to ramp up housing supply and make homes more affordable. There are “people in London [...]
Is it high time to buy in super-prime London? July 15, 2025 London’s super-prime market has been suffering from a glut of supply in the wake of damaging decision-making from successive governments. Ali Lyon asks, is the tide beginning to turn? To take a walk down Mayfair’s historic Upper Grosvenor Street is to be confronted by a quiet, but dramatic, changing-of-the-guard afoot in one of London’s most [...]
Rachel Reeves’ tax hikes are driving wealthy overseas investors to flee London July 14, 2025 Chancellor Rachel Reeves’ tax hikes have had the “feared impact” of driving wealthy overseas investors to flee London to escape double taxation of their worldwide income, the company behind The Shard has said. Real Estate Management (UK), which is ultimately owned by the State of Qatar, has revealed the exodus has resulted in it being [...]
Why John Lewis London homes are the death of design May 28, 2025 I’m worried about what new John Lewis-built homes, soon to be built in Ealing, West London, mean for humanity. Hundreds of flats designed by and decked out like a John Lewis showroom is surely the logical extension of where globalised design is going. The world’s interior decor aesthetic is becoming more and more homogenous, repeated [...]
Zoopla: Rightmove rival handed £500m price tag April 30, 2025 Online property portal Zoopla has been put up for sale with an asking price of around £500m, it is understood. The company, which was launched in 2008, has put on the market by Silver Lake Partners which has owned the group it forms a part of following a £1.6bn deal in 2018. That group also includes [...]
London house prices fall fuels sales surge April 24, 2025 Sales of prime central London housing jumped up during the first three months of 2025 as prices fell amid the ongoing global uncertainty. Residential sales activity in the first quarter rose 12 per cent compared to 2024, according to new research from global property advisor JLL. “There are clear signs of renewed confidence across prime [...]
London house prices rise by just £600 as worst borough revealed January 14, 2025 The London borough where more houses fell in value than almost any other area in the UK in 2024 has been revealed. According to new data released by Zoopla, the value of 72 per cent of houses in Kensington and Chelsea fell by at least one per cent last year. A total of 73,200 homes [...]
Caution persists in London’s prime property market after Budget hit December 27, 2024 A tense political and economic environment has left buyers of prime property cautious in the last few months of the year, with prices dipping in central London. House prices in Knightsbridge and Belgravia fell by two per cent and 1.5 per cent, respectively, while prices fell 0.8 per cent across the capital as a whole, [...]