Prime Property

Covent Garden is a popular property market.

Vibrancy of Covent Garden makes for ideal prime-property market

The vibrancy and atmosphere of Covent Garden has proved its popularity in the high-end property market. According to Greater London Properties the area now has more high-end properties on the market than any prior year.

There are no poor performance figures in the prime property market.

Prime property response to RICS’s survey findings

The Royal Institute of Chartered Surveyors (RICS) released its survey today showing a ‘lacklustre’ UK property market. But those in the prime property market have hit back at the claims that the property market is in the “doldrums”.

Royal Albert Hall is in one of the most coveted London locations.

More than 6, 500 streets on the property rich list

The UK now has 6, 682 streets with a million pound property price tag according to the rich list out today. The property rich list compiled by Zoopla shows the real face of prime property, where it is located and how much people are paying for it.

Battersea Power Station showed promise of further international investment.

The major events in prime property for June

June has been a month of ups and downs for the prime property market in London. Camilla Dell, from Black Brick Property Solutions gives us her list of the top events and trends shaping the prime property market for the month.

Prime property has a price rise.

Prime property price boost recorded in March

Prime property asking prices increased by 0.9 per cent in March, according to the Prime Location index. This was the first time this year that monthly prices have increased, following three consecutive monthly falls.

Prime property prices continue to rise.

Prime property beats recession

Prime property asking prices in the UK have increased by 22 per cent since recession hit in 2007. According to Prime Location’s property index, prime properties have seen an average asking price rise of £86,785 since the recession was announced.

Price drops follow mansion tax.

Frantic price reductions after budget

Frantic price drops have come off the back of the budget announcement of an additional two per cent stamp duty for ‘mansions’ of more than £2 million. Prime properties listed just more than the £2 million mark have since dropped their prices to entice buyers.

Quality Scottish property falls in price

Prices fall on prime Scotland property

Prime property in Scotland has fallen in price, according to new figures. A report by Knight Frank found high-end Scottish property prices have slipped by 3.2% in 2011 but the Scottish Borders buck the trend, with prices rising by 1.2%.

Demand in central London remains high

Demand in central London 'keeps prices on the rise'

The end-of-year analysis from Cluttons concludes that demand for high-end London property has proved key to keeping house prices on the rise throughout 2011. Prime Central London property prices rose by 7.9% in 2011, up 1.1% in Q4.

London rents 'up 27 per cent since June 2009'

Prime London rents fall ‘for first time in 28 months’

Rents for prime properties in London dipped last month for the first time since June 2009, new figures indicate. However, Knight Frank said that despite last month’s 0.1 per cent fall, rents still rose by 0.6 per cent in the three months to October.

Kensington and Chelsea house prices up

House prices up 11% in Kensington and Chelsea

Central London continues to be a prime property hotspot, with new figures showing an annual prince growth of 11% in Kensington and Chelsea. Interest from overseas buyers has kept house prices up in the capital, despite falls elsewhere in the country.

Hong Kong tops global real estate market

Billionaires create 'super class' of global real estate

New global billionaires are creating a ‘super class’ of real estate while boosting house prices in 10 world cities, according to a new property index. Savills has launched the global billionaire index, revealing the top haunts of some of the world’s super rich.

London property prices continue to soar

Prime central London property prices leap 10% in a year

The value of prime residential property in central London has increased by 9.6 per cent in the past 12 months and is now 35 per cent above levels seen during the post-credit crunch trough in March 2009, according to new figures.

Agents 'look to international markets'

Foreign investors 'dominate London prime property market'

Foreign investment has now outstripped domestic purchases in London's luxury property market, according to figures from W A Ellis. Some 70 per cent of the agent’s buyers are from overseas – an increase of 15 per cent on last year.

Prime property sales on the increase

Annual sales of £1m plus properties 'rise by 58%'

The number of properties sold for more than £1 million has increased by 58 per cent in the past year, according to data from the Land Registry. Its house price index also shows that London was the only area with an annual house price rise.

Capital inflow 'pushing wealth into suburbs'

£3.7bn in foreign capital 'fuels market each year'

The international wealth currently being injected into the prime London residential market each year is enough to buy more than 18,500 average UK homes, according to the latest research from Savills.

Paris 'appeals to international buyers'

Luxury house prices in Paris 'rise 22 per cent in a year'

Parisian prime property witnessed the strongest price growth of all key world cities monitored in the latest Knight Frank index. The property researchers said the gap between the performance of Europe and Asia's top cities is narrowing.

Rise in prime property sales

Sales of £1m plus properties rise 14% in a year

The number of £1 million plus properties sold in England and Wales increased by 14 per cent between February 2010 and February 2011, from 399 to 454, according to latest figures released today by the Land Registry.

One Hyde Park in Knightsbridge

One Hyde Park achieves £1bn sales milestone

Sales at the luxury apartment complex One Hyde Park in Knightsbridge has smashed industry records by hitting the £1 billion mark. The range of buyers reflects London's global city status, attracting UK, Russian, Asian and Middle Eastern purchasers.

London's prime property market 'buoyant'

Surge in sales of multi million pound London homes

Sales of £2 million-plus residential properties in London soared by 57 per cent between 2008 and 2010, according to analysis by Investec Specialist Private Bank. Kensington and Chelsea alone enjoyed a 57.5 per cent rise, from 240 properties to 378.

BoE keeps interest rates at 0.5%

Decision to keep 0.5% base rate 'good for property market'

The Bank of England's move to hold interest rates at 0.5 per cent is positive for the market, a property consultant said today. Charles McDowell said prime property buyers have a range of fixed rate mortgages available through private banks.

Prime country property prices on the rise

London revival 'pushes prime country house prices higher'

Prime country house prices rose by 0.5 per cent during the first three months of 2011, partially reversing some of the price falls in the second half of 2010, according to new figures from Knight Frank.

Average price of London home is £424,307

Millionaires scramble to save 1% stamp duty

London is enjoying a property rush among cash-rich buyers keen to beat the impending increase in stamp duty to five per cent on £1 million-plus homes, according to figures from property website Rightmove.co.uk.

High equity homeowners more inclined to move

Prime property owners 'most likely' to make a move this year

People who own prime properties in the UK are the most likely to move over the next 12 months, according to a new report. The L&G Moving Intentions Survey reveals the main reason for wanting to move is because a larger property is desired.

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