Economics
Property Industry Reactions: BoE holds interest rates at 5%
Today's unsurprising decision 'suggests that bringing interest rates down will be a test of stamina not speed,' notes Jackson-Stops boss.
Abrahmsohn on non-doms, £50k pw rentals & why October 30th will be a watershed moment
Next month's Budget could send shockwaves through every stratum of the property market, writes veteran agent Trevor Abrahmsohn.
America’s wealth dominance ‘hangs in the balance’ as global super-rich population booms
It's a "super-rich explosion", declares Henley & Partners, as the number of individuals with more than US$100mn to their name soars - but "the geography of extreme affluence is shifting".
Emma Fildes: Observations from the field
Market indices have given sellers false hope, reports buying agent Emma Fildes, and there is an air of desperation amongst those who went too big on price before the summer.
Behind the numbers: How many non-doms will be affected by next year’s changes?
Savills estimates that 22,100 non-doms are likely to be exposed to proposed tax changes.
UK market ‘is becoming more free flowing,’ says buying agency – but ‘it is far too soon to call this a full recovery’
'With many buyers spoilt for choice and sellers keen to get a deal done, generous discounts are still achievable for buyers who do their homework and negotiate effectively,' says Garrington.
Lucian Cook: Painting a picture of Prime Central London’s ‘decade of adaptation’
Savills' Head of Residential Research appraises how PCL's property market has changed over the past ten years - since George Osborne's sweeping reform of the property tax regime - and looks ahead to what…
Tom Bill: UK housing & economic data defy gloomy government warnings
The latest figures show annual house price growth and transaction volumes are rising, which don’t indicate the economy is ailing, notes Knight Frank's UK resi research boss.
House price forecasts turn up
A round-up of forecasts suggests economists are feeling much more positive compared to last month and to last year.
‘Council tax & stamp duty are unpopular, unfair & impractical’: Pressure builds for drastic property tax reform
A former advisor to Rishi Sunak - who also devised the Covid furlough scheme - has come up with 'a practical alternative to replace Stamp Duty & Council Tax'.
‘Shaken not stirred’: Ollie Marshall on why London remains one of the best haven bets out there
PCL house prices have not been tearing up the record books of late, but they are now at far less risk of a sharp recalibration and deleveraging than other markets, explains top buying agent.
Industry Reactions: BoE cuts interest rate to 5%
Property industry insiders express relief at the first base rate reduction in more than four years.