The Market
Bank of England nudges interest rates up to 0.75%
The BoE's Monetary Policy Committee has raised the base rate of interest by 0.25%, to the highest level since the start of the Covid-19 pandemic.
Prime London sales running well above pre-pandemic levels, but ‘realism needed on pricing’ as time to sell slows
The breakneck pace of early 2021 has not been matched, but last month's deal volumes were still up by nearly a third on February 2019;
‘This is the worst planning environment we’ve had to face in a generation’
A "toxic combination of factors" has created the "worst planning environment in a generation", says Aston Mead boss Adam Hesse, as local authority plans are delayed yet again...
Ultra-wealthy US buyers step up search for UK trophy homes
'This level of interest is something we haven’t ever seen before', reports Savills London Private Office
Register of overseas property owners becomes law as Economic Crime Bill receives Royal Assent
Foreign owners of UK property have six months to comply with new registration documents, as the Economic Crime Bill completes its fast-track passage through parliament.
Agents adjust to faster-paced market as buyer & seller sentiment continues to rise – OnTheMarket
It turns out the ‘new normal’ is an elevated version of the pre-pandemic market, observes the portal's CEO Jason Tebb
Landlords call for an end to the buy-to-let stamp duty surcharge
“Taxing landlords out of the market serves only to cut supply, increase rents and make homeownership more difficult to afford," says the National Residential Landlords Association.
Housing Secretary Gove reiterates call to house Ukrainian refugees in seized Russian mansions
"I want to explore an option which would allow us to use the homes and properties of sanctioned individuals – as long as they are sanctioned – for humanitarian and other purposes," said Michael Gove…
Tom Bill: The signals from the property market remain positive ahead of this week’s expected rate rise
In a market so driven by sentiment, a discernible dent in demand might be expected given the current economic and political backdrop - but it hasn’t materialised yet...
Heatmapped: Hybrid working drives South East market revival
Greater London and the South East are back in the top four areas of house price growth for the first time since August 2020, reports Acadata
Rental price inflation cools as affordability pressures bite
"Rental growth is slowing as affordability pressures bite," says Hamptons - which expects expect rents across Great Britain to end the year 2.5% up on 2021, down from 7% today.
‘A sure sign that the London market is on the up’: Overseas buyers back in action
International buyers owned c.£6bn more London property in 2021 than in 2020, according to some new analysis of Land Registry data.