Slow start to the year for asking prices, as new listings fail to materialise in London
“The Christmas slowdown came early” for the UK property market, says Rightmove, “and the hangover lasted a few days longer into the New Year than usual”.
Build-to-rent construction surges by 40%
There are now 139,508 build-to-rent homes completed, under construction or in planning across the UK;Â 14,615 units were completed in the regions in 2018, compared to 14,801 in the capital
Is Build to Rent to built to last?
‘Is build to rent too good to be true?’ asks Lisa Simon, Head of Residential at Carter Jonas, as she predicts that 2019 will be ‘the year of institutional lettings’
Online agents’ market share ‘stabilises’ at 7.2% of exchanges
The total number of new instructions across the UK increased by 4% from Q4 2017 to Q4 2018, according to TwentyCi, but exchanges fell by 1.2%
‘Cold snap freezes housing market’, declare surveyors
RICS’ latest monthly survey delivers its weakest near-term sales expectation reading since it started, in 1999
London asking rents hit a record high as supply dwindles – Rightmove
Property portal expects asking rents to rise by around 3% this year outside of London, and by 4% in the capital
Why the housing ladder doesn’t exist any more
The FT’s Thomas Hale has written an interesting piece (with lots of sums), arguing that the traditional lifetime escalation from a first-time buyer’s flat to a family-sized house is now ‘a myth that young people cling to, without any basis in reality’.
London property prices continue to fall – UK HPI
The UK’s average house price increased by 2.8% in the year to November 2018; London’s average dropped by 0.7%, according to official figures.
Parliament prolongs political & economic uncertainty
House of Commons vote delivers no clarity on Brexit; uncertainty is the property market’s ‘new normal’ says top-end estate agent
Date set for tenancy fees ban
Tenant Fee Bill passes its final stage in the House of Lords and will come into force on June 1st 2019
Londoners are looking beyond the commuter belt, says Rightmove
Manchester, Birmingham and Liverpool are the most-enquired about locations by Londoners looking to leave the capital
The total value of London’s housing stock has fallen for the first time since 2009
The total value of UK residences climbed by 2.7% – or £190bn – in 2018, says Savills, but London saw a 1.5% drop; all the homes in Britain are now worth £7.29 trillion.