The Market
Mortgage lending dips but approvals rise
The property market is "rife with nerves", says Knight Frank Finance after looking at the latest BoE mortgage numbers.
Tenant Trends 2022: Outside space still in high demand as energy efficiency gains traction
JLL’s 2022 tenant survey highlights the continued influence of lockdown experiences, as well as heightened concerns over costs of living.
PCL apartment market poised to spring back – LCP
‘There may be buyers who look back over their shoulder with the benefit of hindsight and wish they had taken advantage of this market,’ says investment firm.
London property prices set to fall 12% in the next two years, but the top-end seems resilient – Capital Economics
Prime Central London will “continue to outperform” the wider London and national UK property markets, says Capital Economics, as it issues another set of downbeat forecasts.
Zoopla flags ‘signs of demand weakening in high value markets’
Rising mortgage costs are likely to dampen the property market in the coming months, says Zoopla.
Summer heat drives searches for air conditioned homes
The number of house-hunters searching Rightmove for homes with air con has nearly quadrupled in the last year.
Is this the toughest London neighbourhood to buy in right now?
“Stock is severely limited and competition is high, meaning more and more buyers are turning to buying agents for help,” says Black Brick – which has seen a “sharp rise” in search briefs for…
‘Bills included’ becomes most-wanted rental feature as tenants double search areas
“The number of homes is still nowhere near enough to meet demand from tenants,” says Rightmove, despite a slight improvement in lettings supply last month.
Residential transactions jump in July
HMRC’s latest transaction data show a “remarkably strong” level of property market activity.
Solicitors flag ‘a massive rise in price chipping’ as gazundering returns to the property market
Buyers are attempting to secure last-minute discounts on around 50% of house sales, suggests Osbornes Law – a practice that “has been unheard of in recent years.”
London’s super-prime rental renaissance: Why renting has become a ‘cool’ choice for the wealthy
“There has been a shift in the perception of renting in the last few years,” says Isabella Birch Reynardson, head of super-prime lettings at Savills, as she explains why tenant demand is likely to…
Stamp Duty rebates could encourage greener homes, suggests think tank
A programme of “behavioural nudges and incentives for collective action” – including property tax rebates – could promote the uptake of energy efficient tech across Britain’s housing stock, says…