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.
Prime Central London ‘has now bottomed out’ – Savills
Back to work plans are boosting demand for town and city homes, says Savills, but the country house and coastal property markets are still riding high.
Mayfair’s Naval Club offered for sale with super-prime development potential
In Pictures: 38 Hill Street is on the market for £35 million – with the potential to create one of London’s biggest and most valuable private residences.
English National Ballet names new home after property developer
English National Ballet’s new HQ at London City Island is to be named the Mulryan Centre for Dance, after the family of Ballymore chief Sean Mulryan.
Sotheby’s expands in the Middle East
Luxury real estate network launches new operation in Muscat, following recent changes to the property system introduced by the Omani government.
Monaco is still the world’s most expensive real estate market
Principality holds onto the global top spot despite a slight drop in values in 2020.
Architects square up to developers over unpaid fees
Architects are increasingly taking legal action over work completed on stalled projects, as the impacts of the pandemic filter through the supply chain.
International buyer picks up £14.25m Mayfair apartment (and just in time)
Off-market super-prime deal tucked away on the last day before the stamp duty hike.
CPI & Main pick up another trophy property, acquiring the Savile Row police station for c.£50m
European investor CPI and London super-prime specialist Dean Main have made another big acquisition in Prime London, taking on the decommissioned West End Central Police Station on Savile Row. The team is exploring development prospects, including residential use.
Investors are forming ‘clubs’ to skirt the new overseas buyer Stamp Duty surcharge
“Rather than invest in a single buy-to-let personally, some overseas investors are joining ‘club’ deals where they take a share of a collective purchase of six or more properties,” says Blick Rothenberg.
Mapped: Super-prime lettings deals across PCL
Demand in the £5,000 per week range hasn’t been dented by the pandemic, reports Knight Frank, although travel restrictions have kept a lid on deal volumes so far in 2021.