A year of continued momentum
We advanced our development portfolio substantially, achieving key milestones on multiple projects in Mayfair,Kensington and the Côte d’Azur. We also expanded our management portfolio with new instructions, reflecting rising demand from both domestic and international clients seeking a long-term, professionally managed approach to their homes and investments.
Strengthening our private client offering
We welcomed Charlotte Royden as our new Private Client Director, a newly created role that marks our commitment to delivering bespoke, tailormade services for high-net-worth individuals, family offices and investors.
Charlotte brings over 10 years of expertise in prime real estate, international investment and UHNW client advisory. Her appointment reinforces REDD’s dedication to combining development-grade excellence with a personalised, client-centric approach.
Market commentary: stability, reset and opportunity
We’ve observed that the much-discussed “mansion tax” — in practice — is shaping up as a long-overdue rebasing of Council Tax bands. Against more dramatic speculations, this outcome remains a manageable change for owners of high-value property.
Importantly for the real estate market, both housing markets and sterling have held up well through 2025. This stability suggests that fundamental sentiment among buyers and investors has not been rattled. The recent upgrade of the UK growth forecast, combined with growing expectations of an interest-rate cut in the near term, adds further support to prospects for the property market.
We recognise that the past six months were unusually slow — the typical summer lull stretched into a hesitant autumn for some, with many buyers and sellers postponing decisions while awaiting clarity on the budget. With that uncertainty now largely resolved, and once we move past the festive season, we expect a meaningful uptick in transactional activity and see an opportunity for the market to reset, regain momentum, and move forward with renewed confidence.
What to look forward to in 2026
The market will enter 2026 with far greater clarity than it has experienced this year. While slightly higher annual costs on £2m+ homes may encourage some clients to act more decisively, these adjustments are unlikely to shift long-term behaviour. Instead, they have helped unlock a period of renewed confidence and purposeful decision-making.
For REDD, the coming year will see:
- The delivery of our iconic residential development in Kensington, One Palace Green, after a significant restoration of this Grade II* listed mansion into six residences
- The delivery of our villa project in Eze, Côte d’Azur
- The expansion of our private client services
- The strengthening of our international and country homes presence
- A focus on opportunities emerging from this market reset
We believe 2026 will be a year defined not by hesitation, but by momentum — and by clients ready to secure exceptional homes and high-quality investment assets.
Our warm wishes
The REDD team
