The Market
Monday Market Review: Key figures and findings from the last seven days (w/c 01.08.22)
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from LonRes, Savills, Coutts, Zoopla, Knight Frank, London House & more…
Broadband, energy efficiency & pets are now top priorities for tenants
A survey by Carter Jonas has highlighted how the needs and wants of tenants have shifted through the pandemic.
Prime rental growth outpaces capital values in most global cities
“Megacities are once again thriving as tenants are drawn back to urban living after the lifting of lockdowns," says Savills, as prime rents climb in New York, Singapore, London and Los Angeles.
‘London’s prime property market is getting back on form’ – Coutts
High-society bank tells affluent clients that PCL is back in action.
‘Signs are already emerging that housing delivery rates could slow considerably’, warns Knight Frank
“New residential development is being constrained by a limited supply of land coming through the planning system.
Savills halves PCL price forecast for 2022
Prime Central London's property market recovery is taking longer than expected, says Savills, as it downgrades its forecast for this year.
Bank of England bumps interest rates up 0.5% to 1.75%; warns of a recession by the end of the year
Today's rate rise is the biggest increase in 27 years, and comes as the BoE warns that the UK will be in a long recession by the end of this year.
‘The winds of change are blowing through global property markets’ as price growth slows
Knight Frank's latest international index tells of cooling housing markets around the world, including at the top end.
Prime London sales market in ‘best shape since 2014’
New analysis finds the prime postcodes in rebalancing mode, with some encouraging signs, but the market is expected to soften as we head deeper into H2.
£1mn+ home sales have jumped 93% in the last decade
Eight out of ten local authority areas in England and Wales have seen at least one £1mn+ property sale so far this year, up from only half in 2012.
Housing delivery is ‘massively out of kilter’ with homes required
Some areas are seeing many more new homes built than are needed, while other locations are falling far below their housing need.
Knight Frank’s head of resi on the markets to watch in H2
After a frantic first half, Tim Hyatt reviews the state of play in the prime sales, lettings and new homes markets - and looks at how the next six months could unfold…