Ex-Google boss Eric Schmidt buys £42m London mansion Property Former Google chief Eric Schmidt has bought a London mansion for £42m in the latest sign that wealthy American buyers are becoming major players in the capital’s property market. According to FT, Schmidt bought the double-fronted, Victoria-era Holland Park mansion last May and plans to rent it out. The deal follows purchases from many other [...]
International buyers shun top end of the London housing market Property The number of international buyers looking to buy London mansions has fallen to its lowest recorded level as stamp duty increases and broader tax changes weigh on housing demand. The proportion of international applicants – or people registering to buy a home – in Great Britain fell to one per cent of all buyers in [...]
Lack of prime Mayfair houses triggers hotel and lettings boom Property Mayfair’s hotel and lettings sector has scooped up luxury clients left adrift by a lack of prime housing in the area, a new survey has found. With new planning restrictions and rising construction costs pushing construction to a ten-year low, wealthy visitors have turned to newly built apartments or hotel suites during their stays, according [...]
Brits spent 31,000 years on Rightmove in 2024 February 28, 2025 Property-obsessed Brits spent 16.4bn minutes searching on Rightmove last year, which the platform has used to underpin a financial performance in a “class of its own”. Rightmove swallowed up 80 per cent of all consumer time spent on UK property portals in 2024, with almost 9,400 property views every minute. The UK’s enduring fascination with [...]
London house where Herman Melville wrote Moby-Dick goes on sale January 27, 2025 The former Blue Plaque home of American author Herman Melville, where he wrote early drafts of Mody-Dick in the late 1840s, has gone on the market for £9m. The five-bedroom, four-storey townhouse on London’s Embankment housed Melville for two separate periods of the 1800s, and the nearby wharf served as inspiration – along with his [...]
How will the Budget impact the prime housing market? November 1, 2024 The Budget was, by and large, a set of fiscal promises for people who rely on public services. So with that in mind, how might the Budget affect the prime housing market, a market exclusively for the UK’s wealthiest buyers? Prime houses are typically defined as the upper five per cent of houses in any [...]
London prime property prices steady despite Budget and non-dom uncertainty October 18, 2024 Property prices in London’s prime residential market have shown resilience despite buyer jitters ahead of the much-discussed Autumn Budget. While speculation on what taxes Reeves might increase has reached fever pitch – and those taxes are likely to affect the property market – prices picked up in the third quarter. There was a 1.8 per [...]
Amazon: AWS, Prime and AI set to drive first-quarter earnings April 28, 2024 Analysts said that Amazon has recently got its mojo back after losing momentum over the last few years.
Amazon Prime, Spotify set to be worst hit by Brits cancelling subscriptions January 4, 2023 British households are cancelling online subscriptions as the cost of living soars, with Amazon Prime and Spotify among the most-searched subscriptions to be cancelled, according to a new study. According to a new study by VPN Online, Brits are increasingly cancelling their streaming subscriptions to save money amid sky-high inflation. In 2022, the average Brit [...]