Carrington on Q3: Unfair ground rents and ongoing uncertainty

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The LonRes Chairman's thoughts on the 'minefield' of leasehold reform and the impact of uncertainty on the London housing market...

Written by

William Carrington

Chairman at LonRes

William Carrington co-founded LonRes.com in 2000. A subscription-only service providing real-time data for estate agents, relocation agents, valuers and surveyors operating in the London area, Lonres.com owns the largest archive of sales and lettings transactions in central London and further provides tailored data and research analytics to its customers. William is a director of CLEA Ltd, which publishes the London Magazine, and is a consultant to Boston Radford Chartered Surveyors. He has nearly 30 years’ experience in the central London residential market and is known to all of London’s best agents. He commutes to and from Northumberland every week.

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LonRes Chairman William Carrington looks back at how last year compared to previous downturns, and forward to Prime London's prospects in the year ahead...
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SDLT was brought in to cool the market, but this one size-fits-all approach has neither worked for the London market nor the Treasury, says LonRes Chairman William Carrington
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Assuming a discount of about 20% against house prices at their peak, in 2014, the £2.