The Market
Burnham’s rise revives the big property tax question
The former Manchester Mayor and Prime Ministerial hopeful has been a long-standing advocate of a Land Value Tax to replace Stamp Duty.
Prime London rents rise at fastest pace in nine months
LonRes reports annual rental growth of 2.7% across the prime postcodes in May - but latest jump is 'more likely to be a coincidence' than a direct result of the Renters’ Rights Act coming into effect.
Monday Market Review: Key figures & findings from the last seven days
Your essential five-minute briefing, featuring data, forecasts and analysis from the ONS, Rathbones, Rightmove, TwentyCi, Zoopla & more...
‘Bold buyers snap up deals’: Super-prime agent calls for ‘the end of caution’ in PCL
'Decisive buyers are dominating,' says Peter Wetherell, following a five-day five-deal run worth nearly £25mn.
Tom Bill: Burnham victory sparks questions on fiscal discipline & property tax reform
Victory in Makerfield will reignite debate over government’s economic priorities and possibility of property tax reform, says Knight Frank's head of UK resi research.
Government confirms homebuying shake-up to ‘slash delays, cut costs & stop sales falling through’
Proposals include upfront 'sales packs', binding contracts and possible mandatory agent qualifications.
Industry Reactions: Interest rates held at 3.75% for a fourth time
Continued caution from the Monetary Policy Committee was anticipated by most property market pundits.
Gap between flat & house prices ‘has never been wider’
Zoopla says leasehold flats 'present an opportunity' for buyers 'who are prepared to do their homework' as reforms hove into view.
Home-buyer choice reaches decade high as new listings accumulate
Supply is high and rising, but 8% fewer sales were agreed in May this year compared to last.
London & second home hotspots ‘hit hardest by property slump’
Wealth manager's data 'challenges the assumption that property is the most dependable route to building wealth'.
Prime London sales market still struggling to build momentum, says LonRes
Latest data: Under offers are up, but values are down by more than 5% year-on-year and price reductions are running at record levels.
Industry Reactions: Official data shows surge in house price growth
'Homeowners breaking out the champagne in response to the apparently dizzying jump in house price growth should put it back on ice,' says one buying agency boss.