The Market
Gove accelerates reform of ‘feudal’ leasehold system
Housing secretary Michael Gove is bringing forward plans to reform England's "outdated" leasehold system.
Michael Gove said leasehold is 'just an unfair form of property ownership'
‘It’s a cash buyers’ market’: Rising mortgage costs boost cash buyers
Hamptons has noticed a significant increase in the proportion of mortgage-free home-buyers so far this year, while Jackson-Stops has identified where cash buyers are making the biggest savings.
Estate agents report ‘more muted’ start to the year
'The manic market conditions of the pandemic have well and truly subsided,' says GetAgent after polling over 500 UK estate agents.
Tenant competition begins to ease as asking rents hit another record high
London rents are rising faster than in any other region, with the average asking rent in Inner London topping £3,000 pcm for the first time.
‘There is still room for growth’ for PCL property prices, following record-breaking year for £5mn+ deals
More than 50 London neighbourhoods saw some buying activity above £5mn in 2022, says Savills - but the firm still expects traditional Prime Central postcodes to outperform in price growth terms in the…
Phillippa Dalby-Welsh: Key trends to watch in the prime country house market this year
Following an unprecedented run in 2020 and 2021, the high-end country house market appears to be holding up well, with buyer registrations still tracking above pre-pandemic levels.
Agents report ‘noticeably less competition’ for development land
Major housebuilders have cut back on land buying in an effort to ride out the weaker sales market, says Savills, with some pausing activity altogether.
Official data shows ‘slightly weaker’ property sales market in December
Transaction volumes remain slightly above pre-pandemic levels, according to the latest (provisional) HMRC count.
Keir Waddell: Five PCL developments that will define five trends in 2023
Strutt & Parker's London new homes sales chief reflects on the big themes to emerge in the prime development sector lately, and the projects currently setting the tone in the luxury market...
Stock influx eases rental market squeeze
Supply levels in many areas are as high as they have been since before the pandemic, reports Knight Frank
‘More pain likely for global housing markets,’ warn economists
'The rapidity of recent price declines in economies like Sweden, Canada, New Zealand, and Australia suggests prices may retrace a large part of their previous boom,' says Adam Slater of Oxford Economics.
Tom Bill: The impact of cheaper mortgages may eclipse house price declines
Effect will be more marked for those with higher loan-to-value ratios, says Knight Frank's UK resi research boss...