The Market

Inside views from the sharp end of the prime sector as pre-Budget rumours continue to swirl.

How international policy, tax hikes & supply shifts are driving a bumper year for the capital's top-end lettings sector.

Property portal 'asks the government to carefully consider the impact of any changes to property taxation to avoid unintended consequences.'

'We’re now seeing an oversupply of stock in key neighbourhoods such as Kensington and Chelsea,' says a prime London brokerage.

Prime rental prices in 16 world cities ticked up again in Q2, reports Knight Frank.

'The London lettings market remained red hot in July,' says Foxtons, although price inflation 'remains measured'.

The number of 'ultra-high-end' rental deals in London has doubled in the last year, new figures indicate.

Swiss bank Julius Baer has analysed the top locations for wealthy folk 'looking to live the good life'.

'I’d be surprised if there was anything to tax in PCL from the last decade as prices have fallen 20%,' notes Knight Frank's UK resi research chief.

There were 18.3% more homes on the market at the end of last month than a year earlier, LonRes data shows.

'Prime markets are taking a collective breath,' says Knight Frank.

The run of low transaction volumes continued in July, reports LonRes, although under offers and new instructions signal ongoing buyer and seller activity.