Michael Gove installed as housing secretary in dramatic cabinet reshuffle
Whitehall big hitter takes over from the ousted Robert Jenrick.
UK property price inflation slows to +8%
July say the biggest monthly drop in average house prices since 1992, according to the latest official house price data.
Super-prime buyers trade Knightsbridge & Mayfair for the mansions of St John’s Wood
The market for houses in NW8 has forged ahead over the last 18 months, outperforming every other area of Prime Central London.
A new place to call home: Seven perspectives on global residential property market shifts
“The pandemic has sent shockwaves through residential property markets across the globe,” says Savills, as seven of its most insightful experts share their thoughts on how shifting priorities and lifestyle choices are affecting residential real estate markets around the world.
Seaside resorts see biggest rental shortage as tenant competition quadruples
Rightmove has identified which locations are being particularly affected by rental supply shortages – highlighting the effect on seaside resorts as the “staycation” boom continues.
Ranked: The UK’s ‘cash buyer hotspots’
Cash buyers have accounted for 27% of sales recorded in the UK this year, according to new research, but the proportion in some areas has reached over half.
Property sales supply is building, but ‘it doesn’t feel like a significant escalation is on the cards’
Home-buying activity should remain “brisk” through to the end of the year, predicts estate agency Knight Frank, but it won’t be as “frenetic” as the first six months.
‘London’s overall influence on the prime market has dropped’, says Rightmove, as Scotland becomes Britain’s fastest-moving £1m+ property market
London now accounts for 40.5% of all seven-figure transactions in the UK, down from 47% before the pandemic.
Average rents have increased by 7.4% in the last year
But the total amount of rent paid by tenants across Great Britain has fallen 8% since 2018, says Hamptons.
Johnson & Jenrick plot planning reform u-turn
“Radical” proposed planning reforms are likely to be substantially watered down, according to political insiders.
PCL has ‘turned into a landlord’s market in recent weeks’, as tenant demand surges by 73%
A top estate agency has reported the highest number of new prospective tenant registrations in five years – topping previous records set in June and July this year.
Heatmapped: ‘Staggering’ regional price growth slackens off
Some of the heat has come out of the UK’s regional markets in the wake of June’s stamp duty deadline, but prices ‘remain resilient in the round’, reports Acadata.