Home    London estate agents predict post-election bounce

This central London home sold for £65m the day after the election

By Caroline Thorpe

Five property stories making global headlines:

Tory win prompts London super-prime sales

The decisive Conservative victory in the UK general election has caused a bounce in super-prime sales, according to estate agents. The Guardian reported that one family instructed Beauchamp Estates to buy a £65m property in central London the day after the election on the back of the result, while Glentree International sold a £28m London home to an “international Asian family”.

Delhi slum-dwellers win property rights

Millions of people living in New Delhi’s slums can now own, develop and sell their dwellings for the first time. Reuters reported India’s parliament has passed a bill granting home-ownership rights to more than 4m residents of around 1,700 settlements. But almost 70 communities in protected areas, such as those close to temples or affluent neighbourhoods, are excluded from the reform.

More than 4m Delhi residents have gained the right to own their home

Spain’s recovery a mixed picture

A Financial Times analysis of the Spanish housing market since the 2008 crash revealed the varied pace of recovery. While prices in parts of the country’s interior are at just half their 2007 peak, those in Madrid and Barcelona are now within 15 per cent of pre-crash levels. Values are predicted to increase further as construction is failing to keep pace with demand; an estimated 1.5m-2.5m new residential units for rent are needed across the country in the next 15 years.

Madrid residential prices are back to within 15 per cent of their pre-crash level

Bel Air sale breaks record

A house that featured in 1960s television sitcom The Beverly Hillbillies has set a sale price record for California after fetching about $150m. The Bel Air mansion, named Chartwell, was home to the Clampett family in the show. The Los Angeles Times reported that the buyer was Lachlan Murdoch, co-chairman of publishing company News Corp.

Chartwell is to become home to media boss Lachlan Murdoch

Britons’ property fantasies revealed

Online property escapism continues to be a favourite pastime in the UK, where the BBC revealed the nation’s most viewed mansions of 2019. The top five viewed on property website Rightmove included a 16-bedroom castle in Scotland, a Manchester penthouse and a home in Essex with a vast ceiling mirror in the master bedroom.

Glenborrodale Castle in Scotland, a favourite with UK property browsersPhotographs: Getty Images; Dreamstime; Clint Brewer/ BACKGRID UK; Getty Images/iStockphoto
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