The Market
Resi development land values hit by housing market slowdown & rising costs
Buyers are 'cautious, selective and risk-averse', reports Savills.
Leading economists expect ‘decade-low’ mortgage growth into 2024
'As mortgage rates reach their highest since 2008, economic growth remains subdued and weakening housing market sentiment drives down demand,' says the EY ITEM Club in its latest forecast.
Prime London rental growth returns to single digits as market ‘re-balances’
There was no monthly change to average rents in either PCL or POL in October, the first time they have been flat since April 2021.
Prime London Property Market Snapshot: Week 44, 2023
There's been an upturn in new sales and rental deals across prime London in the last week, although activity remains below previous years' levels.
PCL market to avoid price falls in 2024 & see five-year growth of 18.7% – Savills
Prime Central London is a ‘buy', says agency, as latest predictions show UK's high-end markets bottoming out next year and recovering more quickly than the mainstream.
Property Industry Reactions: King’s Speech confirms leasehold reform agenda
King Charles confirms a Leasehold & Freehold Bill will go before Parliament, with a view to banning leaseholds for new houses, and increases the standard lease extension period from 90 to 990 years.
New conveyancing rules promise to ‘modernise’ property exchanges
The Law Society's new draft code of practice aims 'to remove the uncertainty around exchanging contracts for commercial and residential property by allowing [conveyancers] to use new technology to conduct…
‘Weak sentiment’ hits Prime London’s sales market
October's registrations, exchanges and viewings were at similar levels to those recorded just after the ill-fated mini-Budget in 2022.
‘Introduce a new global minimum tax for the world’s billionaires’: Six recommendations to ‘reconcile globalisation with tax justice’
Renowned economist Joseph Stiglitz is amongst those proposing 'an ambitious and yet pragmatic agenda for the coming years to move towards a fairer international tax system.'
Monday Market Review: Key figures & findings from the last seven days
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from JLL, Knight Frank, HMRC, Zoopla, LonRes & more...
Marketing ESG: Do homeowners value & seek sustainability?
With the roll-back on net zero policies billed as a cost saving exercise, Flora Harley examines whether UK homeowners value sustainability and how property marketing can play a role.
Postcard from Greece: Property market players ‘have moved away from a cautious approach’
In the latest PrimeResi dispatch from Luxury Portfolio International, Jeronymo Kontonis notes a growing sense of optimism in top-end Greek property markets, and highlights some major developments and key…