The Market
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...
‘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…