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Wealthy foreign buyers are snapping up London’s most expensive homes in cash, tempted by a cooling property market and weak pound.

Black Brick, a leading London-based buying agency, is pleased to announce that its managing partner and founder, Camilla Dell, will be visiting the Middle East with a business trip to Dubai and Abu Dhabi at the end of January 2023.

If you want to follow the money, head to Dartford in Kent, Waltham Forest on the Essex borders, Trafford in Greater Manchester or Rushcliffe near Nottingham.

After a prolonged boom, house prices have started to drop – but how great will the impact be, and is now the time to buy/sell? We call in an expert to advise.

Black Brick has picked Mayfair, St John’s Wood, North Ken, Acton and Herne Hill as its five locations to watch in the year ahead.

Moving house is said to be one of the most stressful life experiences, right up there with bereavement and divorce. But what about the stress of not moving?

After two years of rocketing house prices, the property market is coming back down to earth. The average house price in the UK decreased for the first time in 15 months, dropping £4,000 from £272,259 to £268,282, in October, according to Nationwide.

The property developer Nick Candy has always had a talent for attracting new wealth.

Savvy property hunters may now be able to secure steep discounts on their purchases as chains break down and rising mortgage rates hit prices.

“With buyers and sellers still digesting what is going on, the UK housing market is a mix of those carrying on and those taking time to reflect – and mortgage status is playing a big part in that.”

A plunge in the pound this year has brought a rush of American buyers hoping to snap up prime London homes with tens of millions in dollar discounts.

It was the second Paul Newman Daytona that David Silver had sold for £275,000 in less than two weeks that proved decisive.