The Market
Transactions & reactions: Latest HMRC data shows impact of mini-Budget ‘hangover’
Commentators weigh in as effects of mortgage and interest rate hikes start to filter through to the official stats.
Consultation launched on new Infrastructure Levy to replace S106
Proposals suggest a ten-year 'test and learn' period, with the new property development tax being rolled out in a few local areas first.
Demand for development land stalls as borrowing costs climb
'The residential development land market has changed completely in the last year,' says Patrick Eve of Savills.
‘A radical metamorphosis’: Seven-star new-builds dominating Mayfair sales market after luxury building boom
High-end new-builds accounted for more than two-thirds of sales in the iconic neighbourhood last year.
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 LonRes, Rightmove, Savills, eXp, Knight Frank, CBRE, the OBR & more...
Tom Bill on what Hunt’s Budget means for the UK housing market
The economic backdrop has improved, but things could turn more political this year, says Knight Frank's UK resi research boss...
Top-end home-buying activity sinks as asking prices get ‘over-optimistic’ – Rightmove
Property portal reports a sharp month-on-month increase in asking prices for "top-of-the-ladder" homes - despite dwindling buying activity in this market segment.
Selling season could be a damp squib this year
Fresh options for London buyers will be limited in the coming weeks, warns major agency, after recording a 17% drop in new vendors entering the market.
Tenant Trends: Renters are looking further afield & flexing budgets to secure a home
'We’re seeing that a greater proportion of prospective buyers are looking for a home in the city they live in, but it’s the opposite trend for renters,' says Rightmove.
Prime global rental growth still in double figures – but the pace is slowing
'We expect prime investment markets to see robust activity in the short to medium-term,' says Knight Frank, as the pace of prime rental price growth eases in ten key cities.
London’s regen zones have boosted neighbouring house prices by an extra 2.2% a year, on average
As the Government announces 12 new 'potential Canary Wharfs' around the UK, CBRE has assessed how London's big regen projects have affected neighbouring property values.
11 key takeaways: The Budget 2023 for HNWIs & business owners
Required Reading: Mishcon de Reya provides an essential briefing on the key announcements in yesterday's Budget statement, highlighting 11 need-to-know policy and tax changes...