London’s elite ‘pushed out of exclusive postcodes by super rich’
Displacement of old money is in turn pricing neighbourhoods in south and east London beyond the reach of average Londoners – LSE report
Property
Berkeley reports 20% fall in reservations for new homes
Housebuilder has also not launched any new schemes blaming EU referendum and changes in government policy
House prices fall in London’s luxury postcodes
Oil price, stamp duty and Brexit fears cause drop in areas such as Notting Hill and Hampstead but market rises elsewhere
Super-rich may quit London homes under new anti-corruption rules
Estate agent predicts some billionaire clients will sell property if no longer able to keep identity secret via offshore firms
£1.5m Battersea power station apartments held back from market
Downturn at top end prompts developers to withhold from sale 150 flats designed by Frank Gehry and Norman Foster
London set for more than 35,000 new luxury homes in next decade
Developers have projects in the pipeline totalling 40m square feet and worth £77bn at 196 sites across the capital