Theresa May resigns: Property industry reactions
Prime Minister Theresa May has resigned, confirming that she will quit as Conservative party leader on 7th June. ‘The country’s left in limbo’, says the RIBA’s President
Rents soaring in SW London as supply shortage ‘bites’
Rental prices in areas like Putney, Wandsworth and Clapham rose three times faster in Q1 compared with other parts of the capital – and Chestertons has a theory on why…
Could the resi property market be on the cusp of an upward swing?
Despite a terrifying political and economic backdrop, many industry insiders believe the balance of power is about to shift from the purchaser to the seller for the first time in five years, writes veteran agent Trevor Abrahmsohn
Investment into UK purpose-built residential assets to hit £146bn by 2025
Knight Frank predicts that investment into the combined UK Student Accommodation, investment-grade private rented sector, and senior living rental sectors will rocket from £87.3bn in 2019 to £146bn by 2025
Prices tick up in mild Spring market bounce – UK HPI
Average house prices in the UK increased by 1.4% in the year to March 2019, up from 1.0% in February 2019, according to the latest UK House Price Index
Albert Hill of The Modern House on Classicism, algorithms and the ‘flight to quality’
Whilst some are loudly weeping over the wayward actions of our politicians, others are quietly getting on and acquiring great houses, notes Albert Hill in his round-up of Spring market and design trends
London’s development sector stays positive in the face of uncertainty
M3’s bi-annual survey of senior industry figures suggests sentiment is improving, despite the political turmoil, but policymakers come in for a bashing over a ‘lack of progress’ on key issues
London’s ‘unfair’ Council Tax system should be abolished – IPPR
‘Council tax should be abolished and replaced with a property tax which is proportional to the present-day value of homes’, suggests think tank
Q1’s Brexit deadline deal ‘surge’ has subsided – LCP
There was a flurry of buyers looking to ‘beat the Brexit deadline’ in Prime Central London in the first few months of the year, according to London Central Portfolio – but ‘this flurry appears to have subsided’ after the European can was kicked to Halloween
Foxtons in new sales slump as volumes in London hit ‘record low’
High-profile agency’s sales revenue was down by over £1m in Q1 as uncertainty continues to impact the capital’s property market
Select Committee flags five money laundering loopholes
160 properties worth over £4bn have been ‘identified as being purchased by high corruption-risk individuals’, reports the Joint Committee on the Draft Registration of Overseas Entities Bill
On the changing face of luxury property marketing
Targeting a specific buyer demographic is no longer a case of advertising in the right magazines, notes Simon Deen; the world has moved on, and buying patterns have been forever changed; but are even the portals prepared for what’s coming next?