The Market
Treasury enjoys record Stamp Duty receipts
"Receipts continued to be driven by strong activity at the top end of the market," notes Savills.
Rightmove reports busiest ever January; buyer demand over 20% higher than pre-Covid levels
Property portal flags "early signs of a better-balanced market over the course of 2022" as valuation requests jump.
Property sellers achieved 98% of original asking prices in 2021, on average
The average asking price across England & Wales in 2021 was £326,212 in 2021, while the average achieved price £319,119.
BoE raises interest rates, with more increases on the way
Bank of England projections anticipate that the base interest rate will rise to "around 1.5% by the middle of 2023".
Leasehold reform in motion: On the government’s plans to make home ownership fairer & more secure
As the first major piece of leasehold reform in a generation finally becomes legislation, buying agent Nina Harrison reflects on the long-requested need to transform leasehold agreements - and what impact…
‘Product has overtaken location as the driver for PCL buyers’: Northacre’s Niccolò Barattieri di San Pietro on London’s shifting luxury property market
“With little to no large sites left in the Capital many PCL developers will shift to boutique development,” writes the CEO of leading luxury property developer, Northacre.
Government outlines 12-point ‘levelling up’ plan, including PRS reforms
Johnson & Gove set out "the most comprehensive, ambitious plan of its kind that this country has ever seen."
UK housing value tops £8 trillion after record surge
2021's increase of £804 billion was the largest ever recorded, reports Savills
It is difficult to find evidence that the UK housing market will have anything other than a positive year in 2022
Early data from January and a positive economic outlook point to strong transaction numbers and price growth, writes Tom Bill
‘Well & truly on the rebound’: Property prices rise & discounts drop in Prime Central London
“The market for properties worth £1 million or more in London is well and truly on the rebound, having been in the doldrums over recent years,” says Coutts’ CEO, Peter Flavel.
Ranked: New year property supply hotspots
"It’s a really encouraging sign to see more properties start to come to market for sale," says Rightmove's data chief.
Resi land values soar as major developers ‘return to pre-Covid levels of buying’
All types of developers are on the lookout for sites, reports Savills, but the cash-rich big players are proving the most competitive…