The Market
Labour floats caps & higher taxes for foreign buyers of UK properties
It's suggested that the Labour Party would hit overseas buyers with higher tax rates and impose restrictions on who can buy new-build homes in the UK.
Neighbourhood Values: Exploring Prime London’s affluent enclaves in numbers
New research by property agency London House seeks to shine a light on the city's rich and varied local neighbourhoods, focusing on those with the biggest appeal for high net worth property buyers.
By the Numbers: Prime London’s property market in 2023 so far
'2023 is set to be more in-tune with the last so-called normal market of 2019,' says property firm London House after crunching data from LonRes.
Mortgage approvals saw ‘significant’ jump in March
The latest Bank of England mortgage statistics illustrate the property market's 'convincing rebound', says Knight Frank, while Savills suggests the March data 'reflects an increasingly stable and competitive…
‘The reverse race for space’: Home-buyers prioritise shorter commutes
'38 minutes is the new Golden Hour commute,' declares Jackson-Stops, citing new research that suggests one of the big pandemic trends is seeing a 'surprising reversal'.
Planning activity plummets in Prime Central London
2022 saw the lowest-ever recorded total of applications and permissions granted in PCL, reports CBRE.
The morning after the night before: How resilient has the prime housing market been to a change in the cost of mortgage debt & other drivers of demand?
A period of 'intoxicating exuberance' at the top of the property market has given way to 'much greater sobriety when it comes to pricing,' says Savills' research chief - but this market come-down 'has…
‘Worst of the house price falls are over’ – Zoopla
The property market 'continues to rebalance', says Zoopla, with price growth slowing as supply improves.
Average time it takes to sell a home falls by 44 days
It now takes an average of 250 days for a property to move from initial marketing to a completed sale.
Buyer vetting ‘paramount’, warns PCL agency, as realism goes out the window
High numbers of buyers are demanding significant discounts and 'failing to conduct themselves in a credible manner', reports Eccord.
‘Generational divide’ widens as UK housing wealth held by over-65s hits record high of over £2.6 trillion
'The generational divide in housing wealth sits at the heart of a lot of the tensions around housing, and how these older home owners elect to deploy their equity has the potential to shape the market…
Rents climb further as supply/demand mismatch ‘set to continue for some time’
Rightmove listed 46% fewer rental properties in Q1 this year than in Q1 2019, while processing 48% more tenant enquiries.