The Market
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...
‘We wanted to see more’ Vs. ‘Thank goodness the Chancellor decided to leave the property market well alone’: Housing industry reactions to the 2023 Spring Budget
A 'missed opportunity' or is 'no action the best stance'? Here's what the property industry makes of Jeremy Hunt's latest round fiscal policy updates...
Budget 2023: Chancellor keeps hands off the housing sector
Property was largely absent from Jeremy Hunt's Spring Budget statement.
OBR downgrades housing market forecast: prices set to fall by 10%; transactions by 20%
"Low consumer confidence, the squeeze on real incomes, and the expectation of mortgage rate rises to come are expected to contribute to continued falls in house prices and a reduction in housing market…
‘Bank of Mum & Dad’ shelled out almost £9bn to first-time property buyers in 2022
Nearly half of all mortgaged first-time buyers relied on family money to get on the property ladder last year - and Savills expects this proportion to rise to three in five as Help to Buy ends.
Budget Explainer: Here are some ways to read between the lines on what’s being reported
Simon Wren-Lewis, an Economics Professor at the University of Oxford, explores how media coverage of government finances and Budget statements can be confusing, and often misleading - highlighting some…
Sellers are having to be much more realistic about pricing if they want to transact in this market – LonRes
Average discount to asking price hits -8.4% in Prime London, with data showing the longer it takes to sell, the bigger the cut.