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Jump in sales of £5millon-plus London homes: LonRes

Sales of prime London properties for £5m and above were up by more than 15% in March compared to the same month last year, according to the LonRes index. High-value sales in March were also more than ... read more

Luxury real estate market faces gloom as London mansions sell at 30% discounts

Amidst the opulence of London's luxury real estate scene, even the most illustrious properties are feeling the sting of a shifting market. read more

Prime property platform reveals Spring boom for London’s posh homes

Higher demand has persuaded more people to sell their homes with 2024 seeing the highest ever number of £5 million plus listings. read more

Prime London house prices languish at decade low as wealthy turn to renting

Figures from property consultancy Lonres showed up-market house prices in the city were 3.2 per cent lower than the pre-pandemic average after dropping 7.8 per cent year-on-year in February. read more

Why London’s Wealthy Are Renting Instead of Buying

As a result, prime rents are escalating. House price analyst LonRes found that average prime rents in London increased 3.5% between December 2022 and December 2023. Average prime rents are now 29% ... read more

London’s rich wary of costs, political uncertainty

“We are hearing anecdotal reports of buyers expressing nervousness around the political situation and expectations of a change in government,” said Nick Gregori, head of research at LonRes. read more

Industry Reactions: UK HPI suggests house prices steadying as inflation eases

UK house prices climbed by an average of 0.4% between January and February 2024, according to the latest official data from the Office for National Statistics and Land Registry. That means prices ... read more

Londoners are selling homes on WhatsApp in booming private sales market

New sales of homes priced at £5mil (RM26.28mil) or more were 74% higher in the final quarter of 2022 compared with the pre-Covid average, according to data compiled by researcher LonRes. read more

Prime London’s top-end outperforms in ‘slow’ spring market

The top-end of London’s prime property market has extended its hot streak, with all metrics still well-above pre-pandemic levels – although signals suggest a slowdown could be on the horizon. read more

Prime London values dip but transactions remain steady

The prime London sales market recorded both price and transaction falls in February, according to the latest data of the prime London housing market by independent property analysts LonRes. Average ... read more

New estate agency launches in north Norfolk

This includes marketing clients’ properties on leading platforms such as Rightmove, Zoopla, OnTheMarket and PrimeLocation, as well as LonRes, a London agent’s main property portal. In fact ... read more

Prime London house prices languish at decade low as wealthy turn to renting

Figures from property consultancy Lonres showed up-market house prices in the city were 3.2 per cent lower than the pre-pandemic average after dropping 7.8 per cent year-on-year in February. read more