Big spenders! More than 130 homes with price tags of £5m-加える EACH sold in London in the past three months, にもかかわらず wider 経済的な 関心s

  • A total of 132 London homes 定価つきの £5m-加える were sold in three months to June
  • Cash 買い手s have accounted for 71% of prime central London 取引,協定s?

A total of 132 所有物/資産/財産s in London that were 価値(がある) more than £5million each changed 手渡すs in the three months to the end of June 2023.

It is up from 108 類似して 定価つきの 所有物/資産/財産s during the first three months of this year, but 負かす/撃墜する from a 人物/姿/数字 of 163 homes sold at this level during the second 4半期/4分の1 of 2022.?

However, all these numbers are 意味ありげに higher than the total seen seen in the three months of 2020 主要な up to the start of the pandemic, which stood at 102.?

High prices: A total of 132 properties in London that were worth more than £5million each changed hands in the three months to the end of June 2023

High prices: A total of 132 所有物/資産/財産s in London that were 価値(がある) more than £5million each changed 手渡すs in the three months to the end of June 2023

The 増加する this year may raise some eyebrows given the 経済的な 背景 where mortgage 率s have risen above 6 per cent.?

However, many of these house hunters were cash 買い手s who are not exposed to 関心s around rising 利益/興味 率s.

This year, cash 買い手s have accounted for 71 per cent of prime central London 取引,協定s and 35 per cent in outer prime London, によれば Savills.

The 広い地所 スパイ/執行官 explained that while the posh homes 人物/姿/数字s for the start of the year showed remarkable market resilience against the wider 経済的な picture, 買い手s were still cherry-選ぶing the best 所有物/資産/財産s and were 'price 極度の慎重さを要する'.

The number of sales in the first 4半期/4分の1 of this year is a 21 per cent 減少(する) on sales in the first six months of 2022, but the 広い地所 スパイ/執行官 said it was 'on a par' with the same period in 2021.

It is also 45 per cent higher than the first six months 普通の/平均(する) of just 166 for the three years between 2017 and 2019 - just before the pandemic started.

フランs McDonald, of Savills, said: 'The first 4半期/4分の1 示すd a 減産/沈滞 after an 激しい period of activity from 中央の-2021 as 買い手s refocused on city life.

'These 最新の 年4回の 人物/姿/数字s 強調する the remarkable resilience that we have seen in our prime central London 索引, which fell a ごくわずかの -0.9 per cent year on year.'?

Savills said that at the £10 million-加える end of the market there have been 65 sales year to date.

This is marginally higher than in 2021 ? at 63 sales ? and 17 per cent above the 2017 to 2019 first half 普通の/平均(する). However, it is once again below the same period in 2022 when 91 処理/取引s took place.

Number of sales of homes sold that cost at least £5million
Number of sales? ? Value in £bns? ?
?£5m - £10m?£10m+?£5m - £10m?£10m+?
Q1 2018 59 22 £0.40 £0.48
Q2 2018 62 35 £0.42 £0.76
Q3 2018 50 23 £0.34 £0.43
Q4 2018 49 33 £0.33 £0.82
Q1 2019 42 20 £0.28 £0.36
Q2 2019 48 37 £0.32 £0.63
Q3 2019 39 15 £0.25 £0.31
Q4 2019 75 32 £0.51 £0.75
Q1 2020 75 27 £0.51 £0.53
Q2 2020 34 19 £0.21 £0.45
Q3 2020 73 24 £0.49 £0.40
Q4 2020 67 34 £0.47 £0.74
Q1 2021 71 31 £0.47 £0.63
Q2 2021 111 32 £0.74 £0.54
Q3 2021 86 34 £0.58 £0.69
Q4 2021 102 70 £0.68 £1.47
Q1 2022 100 39 £0.66 £0 .69
Q2 2022 111 52 £0.74 £1.01
Q3 2022 105 52 £0.71 £1.00
Q4 2022 94 51 £0.65 £1.10
Q1 2023 78 30 £0.51 £0.63
Q2 2023 97 35 £0.65 £0.63
Source: Savills????

McDonald 追加するd: 'A 背景 of unsettling 国内の and international 経済的な 指示する人(物)s means that even the cash-driven very 最高の,を越す end of the market is price 極度の慎重さを要する, 特に given its discretionary nature.

'勢い will only be 持続するd if 買い手s and 販売人s remain 提携させるd in their 期待s.'

In value 条件, over £2.4 billion 価値(がある) of £5 million-加える 所有物/資産/財産s have transacted year to date, によれば the Savills data. At the same time last year, that 人物/姿/数字 stood at £3.1 billion.

No need for a mortgage? Cash buyers have accounted for 71% of prime central London deals, according to Savills

No need for a mortgage? Cash 買い手s ha ve accounted for 71% of prime central London 取引,協定s, によれば Savills

There has also been a 転換 in the mix of 所有物/資産/財産s selling, with flats accounting for a growing 株 of sales as pandemic memories fade.

A total of 44 per cent of £5 million-加える 処理/取引s took place across London year to date, up from 40 per cent last year and just 28 per cent in 2021.

McDonald said: 'To an extent this 反映するs the 完成 of a number of world class new-build 計画/陰謀s, and 買い手s 焦点(を合わせる)d on turnkey 所有物/資産/財産s, but it also 示すs a (疑いを)晴らす 転換 away from a time when larger homes with 私的な outdoor space topped every 買い手's wish 名簿(に載せる)/表(にあげる).'

There remains a market for 井戸/弁護士席-定価つきの, best in class 所有物/資産/財産s in London's most long-設立するd prime 場所s.

Chelsea, Kensington and Belgravia accounted for a third of all £5million-加える sales so far this year.

Savills スパイ/執行官 Alex Christian 追加するd: 'While there are a lot more 買い手s in the market than at the turn of the year, all are 可決する・採択するing a "belt and を締めるs" approach to every 面 of a 購入(する). Selling in this market invariably 要求するs pragmatic "open for 商売/仕事" pricing.'

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