The Market
PCL property prices to climb 13.5% over the next five years, predicts Savills, as prime markets out-perform
Savills has updated its five-year property market forecasts, predicting price drops in all regions and sectors in 2023.
The UK’s super-rich headcount fell in 2021, but is set to rocket in the coming years
Only a few nations saw their UHNW population fall last year;
BoE raises interest rates to 3%
The UK's base rate of interest has jumped by 0.75% in the biggest single rise since the 1980s.
James Wyatt: Stratosphere versus Reality
The harsh reality of rising inflation and interest rates mean the Goldilocks era is over, writes James Wyatt.
Charlie Wells: How planning reform could provide a welcome boost for the economy
'I have at least seven clients I have bought houses for who are waiting to press the button on big projects. All of them are waiting on planners for one thing or another.'
Apartments back in vogue in prime London, as pandemic trend reverses
After falling out of favour during the race for space, flat sales have now returned to pre-pandemic levels.
House prices are set for a correction not a crash, says JLL
House prices crashes have been rare in the UK, says JLL's research chief, Marcus Dixon - and average prices have never slumped by more than 20%.
Mortgage approvals dropped ‘significantly’ as rates rose last month
It's 'not yet an unambiguous sign of a housing market slowdown', insists Knight Frank.
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 TwentyCi, Zoopla, Savills, Oxford Economics & more…
Tom Bill: What Rishi Sunak means for the UK property market
'How far the new PM can wind back the clock is a significant question for the UK housing market.'
Higher mortgage rates set to erode house price ‘paper gains’ next year – Zoopla
'Homeowners wanting to sell in 2023 will need to be realistic on price and may have to forgo some of the pandemic price gains to achieve a sale in 2023,' says Zoopla's research director, Richard Donnell.
Gove resurrects 300,000 housebuilding target
Significant planning reforms are back on the table as the Housing Secretary confirms the government is standing by its 2019 manifesto pledge to build 300,000 new homes a year by the mid-2020s.