Savills PCL teams report strong end to the year
Savills prime central London agency and residential development teams reported one of their strongest ends to a year with a flurry of deals taking place during the last 10 days of 2024.
Over £100m worth of residential property exchanged during the period from the 20th to 31 December with one completing on the night of New Years Eve.
Alex Christian, co-head, Savills Private Office, said, “We exchanged on three houses within the SW1 postcode, each with a guide price in excess of £30m. All three houses are to be used as primary residences.
“These three sales were the only houses to transact in excess of £30m in the SW1 postcode in the entirety of 2024 and really demonstrates the enduring appeal of the prime residential London market, especially where the supply of quality ‘turnkey’ property is extremely limited.”
Meanwhile, two penthouses transacted at Southbank Place, a residential development over-looking the River Thames. They both exchanged between Christmas and New Year with one buyer completing just a few hours before midnight in order to be their new home in time to see the London fireworks.
Jeremy James, director, Savills London residential development, says, “The activity at Southbank Place at the end of the year is testament to the appeal of this iconic development. With apartments orientated towards the river, the scheme has unrivalled views of the London skyline. One of the penthouses, listed at £11.95m, was sold to an American buyer who had been scoping the market for over 3 years looking for a best-in-class residence with spectacular views towards the City.”
