The Market
Wealthy dollar buyers pounce on London property as sterling slumps
Top-end London property brokers are enjoying a bonanza of urgent interest from wealthy international buyers with US dollars to spend, looking to take advantage of a significant currency discount.
‘Surprisingly resilient’ property market as supply returns to pre-pandemic levels – Rightmove
Asking prices continue to climb despite mounting economic pressures, reports Britain's biggest property portal.
Required Reading: Kwarteng’s ‘mini-Budget’ for HNWIs & business owners
Mishcon de Reya's team of legal experts talks us through some of the key policy announcements in last week's big fiscal event.
Kwarteng’s tax cuts ‘will boost London housing market deals by up to 30%’ predicts top estate agency
Dexters' boss Andy Shepherd is very bullish about the capital's property market prospects.
Westminster launches ‘war on dirty money’
Officials are increasingly concerned about the 'explosion' in overseas investment into the PCL property market over the last decade.
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, TwentyCi, Savills, Knight Frank, the ONS & more…
Industry Reactions: Kwarteng’s big ‘mini Budget’ & Stamp Duty cut
A surprisingly mixed set of responses from the property sector, featuring insights from Savills, Knight Frank, Rightmove, Maskells, Cluttons, Jackson-Stops, JLL, Winkworth, Carter Jonas, Chestertons, …
Stamp Duty slashed in Kwarteng’s tax-cutting spree
The nil-rate Stamp Duty threshold has been doubled to £250k, effective from today.
High-end listings up by nearly a third in London as vendors ‘test the market’
'How these instructions translate into sales will provide a good barometer for the wider health of the market in the months ahead', says LonRes.
BoE raises interest rates by 0.5% to 2.25%
The UK's base rate of interest has been rising since December 2021, as the Bank of England attempts to keep a lid on inflation.
Talking Heads: What would cutting Stamp Duty do to the housing market & economy?
It's being reported that Friday's "emergency mini-Budget" will feature a cut to Stamp Duty. Is this wise, and what impact might such a move have on the property market and on the wider UK economy?
Abrahmsohn on Truss’s ‘refreshingly radical’ plan to cut taxes
Super-prime estate agent Trevor Abrahmsohn hopes the new Prime Minister 'will succeed and be our Queen Boadicea in difficult economic times'.