The Market
BoE delays interest rate decision
"In light of the period of national mourning now being observed in the United Kingdom, the September 2022 meeting of the Monetary Policy Committee has been postponed for a period of one week."
History says Britain’s property market is in for a long slowdown, not a crash
A house price correction of between 10% and 20% looks increasingly likely, writes Colin Jones, Professor of Real Estate at Heriot-Watt University.
Housing Ministers Hughes & Jones resign
The latest departures mark a wholesale change of ministerial leadership at the Department for Levelling Up, Housing & Local Communities.
London’s super-prime sales pipeline surges as wealthy buyers return from the USA & Middle East
A busy summer of high-end dealmaking points to a strong sales season through to November at least.
Buyer demand drops but record low stock props up house price growth – RICS
Surveyors have reported the steepest decline in home-buyer enquiries since the early days of the pandemic.
Global housing markets continue to climb, despite everything
"Global housing markets have wrongfooted us this quarter," says the Knight Frank research team, as property markets continued to post strong growth.
UK Finance: ‘House purchase activity looks to have returned to pre-pandemic norms – for now’
"It is too early to predict when escalating cost-of-living pressures will begin to bear down on effective demand," says UK Finance.
Abrahmsohn: What effect will ‘Trussonomics’ have on resi property?
Unless the economic scene changes dramatically, a cataclysmic collapse in property values is unlikely, says the Glentree boss.
Sturgeon imposes winter rent freeze & eviction ban in Scotland
We need "action on a scale similar to the initial Covid response," says First Minister Nicola Sturgeon.
Truss names Cabinet team, with Kwasi Kwarteng as Chancellor & Simon Clarke on Housing
Kwasi Kwarteng is the new Chancellor of the Exchequer under Prime Minister Liz Truss, while Simon Clarke has the housing brief as Levelling Up, Housing & Communities Secretary.
Agents’ views wanted on short-term lettings
Propertymark is running a survey to find out what letting and estate agents think about short-term lets, and how they are affecting the wider property market.
Truss as PM: Property industry reactions
"Negative outcomes aren't baked in," says Winkworth boss Dominic Agace, summing up the mix of optimism and apprehension within the property industry.