The LPF Weekend Fix - in partnership with Prime Resi Journal
EVERY WEEKEND WE BRING YOU OUR TOP TEN ARTICLES FROM
PRIMERESI JOURNAL - THE JOURNAL OF LUXURY PROPERTY
PRIMERESI IS THE LEADING NEWS, INSIGHT AND OPINION RESOURCE FOR THE UK’S LUXURY PROPERTY SECTOR, PROVIDING DAILY BREAKING NEWS AND ANALYSIS ON PRIME RESIDENTIAL MATTERS.
The head of Savills’ super-prime lettings division discusses how demands are changing amongst high net worth tenants, the oft-overlooked PCL neighbourhood primed for growth, and achieving success in the world of top-end property…
What are the key trends you are seeing at the upper end of London’s rental market right now? And what long-term effects do you think the pandemic will have on the sector?
Rockstar Retreat: Buyer sought for ‘iconic’ Georgian mansion in Richmond
Designed in 1775 by Robert Mylne, ‘The Wick’ overlooks one of the most celebrated vistas in England and counts some very famous former owners…
‘Incredibly rare’ trophy asset comes to market in Kensington for £50 million
“It is incredibly rare for an unbroken freehold block of this scale and stature to become available in such a prime location,” says Knight Frank of Allen House, which offers the prospect of a significant redevelopment in the heart of W8.
Largely immune: Understanding global wealth trends through the pandemic year
“Wealth creation in 2020 appears to have been completely detached from the economic woes resulting from Covid-19,” says the author of Credit Suisse’s new Wealth Report. The global Ultra High Net Worth population surged by 24% during the pandemic year, while for the first time, more than 1% of the world’s adults are now dollar millionaires.
UK resi market set for first ‘£100 billion summer’
Factors have combined to set up the ‘highest grossing quarter in UK residential market history’, says JLL.
Record number of homes selling at or above asking price
Buyers in England and Wales paid an average of 98.1% of the final asking price in January this year, reports Rightmove, marking the first time the percentage has ever exceeded 98%.
20 buyers for every property: Another record month for property demand & sales over asking price
There are now 20 buyers chasing every property on the market, according to Propertymark.
Weekly Showcase: Ten featured prime resi listings
PrimeResi’s regular stock check, powered by LonRes
‘In great shape’: Berkeley Group reports profit growth & confidence returning to the London market
Influential developer reiterates its commitment to the capital.
‘Race for space’ still fuelling prime regional markets, but mind the widening expectation gap
‘Whichever way you look at it, the past year has been about buyers with the means to do so looking for more space both inside and out, and their willingness to pay a high price for that space,’ says Savills’ Lucian Cook, …‘but the realignment of buyer and seller expectations will be vital in order to maintain market momentum’