The Market
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'.
Westminster mulls affordable housing plan for ‘dirty money’ mansions
Labour-controlled council is investigating how compulsory purchase orders could be employed to take control of properties which 'are not being used for their stated purpose'.
Truss set to cut Stamp Duty to ‘encourage economic growth’
The Prime Minister and Chancellor will announce a reduction in property transaction taxes on Friday, suggests The Times.
Clarke names new Housing & Planning Minister
Lee Rowley has become the latest Tory Housing Minister.
Inflation-linked S106 payments ‘could be the straw that breaks the camel’s back for some developments’
"Some projects could become economically unviable if local authorities force developers to increase Section 106 agreements in line with runaway inflation," warns Boodle Hatfield.
Balance returns to the housing market as new sales instructions climb
"We’re still a long way off a housing market crash, but things are showing signs of cooling somewhat," reports TwentyCi.
Buyer & seller sentiment ‘remarkably resilient’ as stock levels hit 15-month high
Property portal OnTheMarket is expecting the market to become less competitive as we head deeper into autumn, although there's no sign of a significant drop-off in buyer and seller sentiment just yet.
Pets in Properties: Shaggy dog stories & rental reform
Following the White Paper for the Renters Reform Bill, and the proposed new rules for tenants being allowed to keep pets in rental properties, law firm Boyes Turner has had a look into the current position…
Country house market ‘takes a breath’, but buyer appetite remains strong
Knight Frank conducted 16% fewer country house viewings last month than in a typical August, but accepted 33% more offers.