sothebys international

  • Latest property news
    Latest property news

    Property predictions: will 2020 be a ‘Boris bounce’ year?

    2020 is starting with bags of optimism following the General Election. But does it point to a 'turning point' year for property?

    Read More »
  • Latest property news
    Latest property news

    Mega mansion ban will just push demand elsewhere, claims leading estate agency

    The City of Westminster’s recently-announced ban on super-size mansions and apartment knock-throughs will force buyers to look elsewhere in prime London to build ‘mega-homes’, it has been claimed. The comments come from leading prime estate agency Sotheby’s International following last week’s announcement by the London borough that homes over 150 square metres would no longer be given planning permission. “Russian and Middle Eastern buyers favour these super-size homes more than any other clients and whilst we expect them to continue to purchase in this part of London due to the postcode premium it offers, we may very well find these buyers also looking to new London boroughs where they can still create their dream home,” claims Will Tremlett, Sales Associate at Sotheby’s International (left). Westminster says it has set the new limits on property sizes because mega-homes “under-optimise development of Westminster’s scarce land resource”, it says. “It will still enable generously-sized homes to be developed to meet [demand] from the prime market, but balances that against the other more strategic housing need of the city.” Council madness Sotheby’s is not the only agent to point out the contradictions in Westminster’s new housing policy. Trevor Abrahamsohn, MD of Glentree, says the…

    Read More »
  • Housing Market
    Housing Market

    Property sales down by nearly 30% in London, claims Land Registry

    Although prices are holding steady, property sales across the UK have dropped alarmingly over the past year, particularly in London, says the Land Registry.

    Read More »
Back to top button