The Market
Housing Secretary eyes seizure of UK property owned by sanctioned Russians
“Freezing assets is not enough”, says a DLUHC insider, as Michael Gove reportedly considers steps to seize Putin-linked homes in the UK without compensation.
Wales puts the squeeze on second home owners
Council tax bills to soar by up to 300% under new rules coming in next April
International prime property prices surged in 2021 as ‘luxury homes became the asset class of choice for UHNWIs’
Knight Frank's Prime International Residential Index posted its biggest ever year in 2021, with luxury property prices around the world rising by an average of 8.4%.
‘It seems everyone is after the same thing’: UK families hone in on Earl’s Court & South Ken
Savills has reported some interesting goings-on in the key west London markets of Earl's Court and South Ken, as “seriously committed” domestic buyers put down roots in the capital.
Wealth Creation in 2022: Liam Bailey’s 11 key insights
Knight Frank’s Global Head of Research, Liam Bailey, shares his key insights from the 16th edition of the firm's flagship annual publication, The Wealth Report.
BoE considers withdrawal of mortgage affordability test, as rates set to rise
“Letting people borrow more money looks like a risky move at a time when house prices are sky high and the outlook is uncertain," comments one analyst as the Bank of England opens a consultation on loosening…
Mortgage lending rises
January's mortgage lending data shows activity is running above pre-pandemic levels.
PCL buying agency ‘inundated’ as city living regains appeal
The great retreat from urban life appears to have gone into reverse, says Black Brick
‘There will be nowhere to hide’: Government fast-tracks Economic Crime Bill & register of overseas property owners
"Time is up for Putin's cronies hiding dirty money in the UK and this new legislation will help to crack down on economic crime, including removing key barriers to using Unexplained Wealth Orders," says…
Heatmapped: London property prices set to rise 19% in the next five years; rents by 14% – CBRE
CBRE's eighth annual "borough-by-borough" research report tracks property market, demographic and lifestyle trends across the capital.
Rental supply shortage to continue, but the pendulum ‘seems to have fallen from the height of its swing’
Prices are expected to stay at increased levels whilst demand remains a major factor, says John D Wood
Record year for Scottish estate sales, as climate action drives demand
A record £250mn was spent on Scottish estate acquisitions last year, reports Strutt & Parker.