The Market
Monday Market Review: Keys figures & findings from the last seven days
Catch up on all the latest market movements in less than five minutes, featuring data and analysis from the ONS, Hamptons International, Savills, Chestertons and Twenty EA.
Off-plan home sales rise for the first time since 2016, driven by demand for houses
"It’s owner-occupiers rather than investors who are likely to continue driving off-plan sales in 2022," suggests Hamptons.
House-hunters are ‘being driven by fear or frustration’, says buying agency
House-hunters are "being driven by fear or frustration" into the arms of buying agents, says national firm Garrington, as "the degree to which the property market has decoupled from economic reality over…
Bloomberg: London’s Housing and Climate Crises Are on a Collision Course
Jess Shankleman takes deep dive into the impact of climate change - specifically flooding - on the capital’s housing stock, featuring data analysis and graphics by Marie Patino.
Spring Statement 2022: Property industry reactions
Our panel of buying agents, estate agents, housebuilders and architects weigh-in on the Chancellor's latest announcements, including cutting VAT on energy-efficient home improvements.
Chancellor cuts VAT on energy-efficient home improvements; commits to reducing Income Tax in 2024
Energy-efficient home improvements - such as solar panels, heat pumps and insulation - will face no VAT for the next five years.
House price inflation eases to +9.6% – UK HPI
The official UK House Price Index tells us that average property prices increased over the year to January; in England to £292,000 (9.4%), in Wales to £206,000 (13.9%), in Scotland to £183,000 (10.
60% of sales going to best & finals in parts of London as competition hits ‘fever pitch’
83% of Savills agents have seen an increase in competitive bidding in recent months
Property transactions drop by a fifth
Around 21% fewer residential property transactions were recorded by HMRC in February 2022 compared to the same month in 2021.
Stamp Duty revenue surges to a record high
£16.9bn was paid in property taxes from April 2021 to February 2022; £6.1bn more than in the same period a year earlier, despite the Stamp Duty holiday.
London property is over-valued by ‘as much as 50%’, warns ratings agency
Analysts predict a property market "correction" in and around the capital, as house prices detach from incomes.
Chancellor Sunak preps for Spring Statement
Rishi Sunak is due to present a "mini Budget" shortly after midday on 23rd March.