The Market
The Register of Overseas Entities is now in play; here’s what property pros need to know
Designed to "root out corrupt elites using UK property to launder their illicit wealth," the Register of Overseas Entities has officially launched, requiring more transparency for UK property transactions…
Monday Market Review: Key figures and findings from the last seven days (w/c 25.07.22)
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from LCP, Homesearch, Savills, Chestertons, Foxtons, Propertymark & more…
‘London exodus continues’ as a record proportion of first-time buyers leave the capital in search of a home
"One of the biggest Covid-related housing market trends - moving out of London for the country - could be here to stay," suggests Hamptons.
Mortgage approvals drop as higher interest rates start to bite
The number of home-buyer mortgage approvals has fallen below the pre-pandemic average, according to the Bank of England. “Higher interest rates are starting to bite," says Savills.
The Guardian: Era of soaring house prices is ending as central banks raise rates
"It's over," declares The Guardian's Economics Editor, Larry Elliott. "An era of ever-rising house prices stimulated by cheap money is coming to an end."
Super-prime buyers return to London’s golden postcodes in ‘stellar’ year
PCL heartlands including Chelsea, Belgravia, Kensington, Mayfair & Knightsbridge have accounted for half of all high-end sales in 2022 so far.
PCL flats return to favour as location ‘re-emerges as a key determinant’
The window of opportunity for investors is closing, says LCP.
Electricity grid capacity could thwart housebuilding in West London ‘until 2035’
Property developers in three London boroughs have been warned large resi schemes may be put on hold for ten years or more...
Surging tenant demand pushes London to ‘the most competitive rental market in recent history’
“We have certainly seen the most competitive rental market in recent history over the past six months," declares Richard Davies, MD of Chestertons, while Benham and Reeves boss Marc von Grundherr warns…
Majority of property vendors ‘are holding their nerve on price’
52% of homes that have been listed for sale for more than ten weeks have not reduced in price.
A decade after the London 2012 Olympics, Stratford’s property market has put in a ‘gold medal performance’
JLL has had a look at what's happened to Stratford's property market in the ten years since the London 2012 Olympic Games.
Second-home boom sends Welsh tax receipts soaring
Welsh authorities report record LTT revenue as concerns mount over impact of property market boom.