Prices of London’s most expensive homes are at the lowest level in seven years, with some buyers able to strike bargains not seen since the financial crisis.
In July, Tel Aviv-based corporate lawyer Ami H Orkaby bought an apartment in London’s Mayfair. When he can fly to London he intends to use it himself, making the most of the expensive restaurants, the shopping and Annabel’s private members club on his doorstep.
Footballers in the Home Counties are having to move into hotels ahead of the new season as the supply of high-end rental homes has dried up.
Wealthy Hong Kong residents seeking to escape the city’s political upheaval are flocking to London, offering a potential lift to the capital’s ailing luxury housing market.
After one of his lectures at the Bartlett School of Planning in London, Peter Rees was approached by a student who was surprised when the professor did not recognise him.
“We used to call London Moscow-on-Thames because of all the wealthy Russian buyers, but now agents are calling it Beijing-on-Thames,” says Jeremy Gee, a London estate agent.
Avoid time-wasting video house tours by asking the right questions.
We’re not going on a summer holiday, but — as Cliff Richard didn’t sing — at least we’re getting one on stamp duty. Will that boost a recovery in the housing market?
There’s very little similarity between the market data and what’s actually happening on the ground right now, a PCL buying agency has warned those winding up for a low-ball offer.
Bargain hunters have arrived in London’s luxury new-build property market in the wake of the coronavirus pandemic.
The property market is on a rollercoaster: while agents have reported a surge of demand and deals since restrictions were lifted in England, analysts have forecast deep price falls this year.
The Covid-19 pandemic has affected lives in many ways, and talk of property markets may seem inconsequential in comparison to some of these.
