The LPF Weekend Fix - in partnership with Prime Resi Journal
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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.
‘We see nothing on the horizon that would trigger a major house price correction’ – Savills
Savills has upgraded its 2021 UK house price inflation forecast, bumping it from 4% to 9% – although the five year outlook remains largely unchanged from March’s predictions, with research chief Lucian Cook anticipating a “soft landing” for the market.
‘Cities are springing back to life’: Super-prime property sales surge around the world
“We expect super-prime sales to end 2021 on a high,” says Knight Frank, as it flags a significant jump in US$10m+ deals across seven major global wealth hubs so far this year.
Bankside Yards to be UK’s first 100% electric major mixed-use development
Native Land’s £2.5bn five acre development on London’s South Bank aims to “set a new benchmark for sustainability in large, mixed-use regeneration schemes.”
Foxtons posts ‘best first half results since 2016’ as sales revenue rockets
Foxtons Group revenue climbed to £66.9m in the first six months of this year, 66% up against 2020 and 29% up against 2019. Sales revenue has surged by 86% compared to 2019’s level.
Ballymore & Sainsbury’s partner on 18-acre Ladbroke Grove development
Property developer Ballymore and supermarket chain Sainsbury’s are drawing up plans for a “major mixed-use canal side town centre” in West London, which could deliver up to 2,800 new homes.
£21.95m mansion sells in Mayfair’s biggest house deal since 2019
Sale of ‘significant’ freehold townhouse on Farm Street is a positive sign for the market, say agents.
Grand Registry: Surveying last month’s biggest registered deals
Latest Land Registry data confirms another trophy home sale on the Phillimore Estate.
London Mayor knocks back Stag Brewery development
“The public benefits offered would not clearly outweigh the harm,” said Sadiq Khan as he rejected Reselton’s proposal to create 1,250 new homes on the former Budweiser brewery site in West London.
Sales rates pick up across GB, but fewer than half of London listings find a buyer
In a typical year, only around half of properties listed for sale on Rightmove successfully find a buyer. That has jumped to nearly 70% in the last year or so.
Prime London flooded with rental demand
Buying agency Haringtons is reporting “a huge influx” of demand for large furnished rental properties in prime London, as families are forced out of their homes by the recent flooding.