Mortgage approvals drop as home-movers sit tight
3.6% fewer home-mover mortgages were approved in June compared to the same month last year, according to the latest update from trade body UK Finance
Scotland’s country house market slips for the first time in two years
Knight Frank flags up a change in direction for price growth over the border, along with a big fall in the number of high-end instructions
Battersea Power Station sales ‘are running at £10 million a month’
SW London’s £9bn development project seems to be getting back on track, as sales volumes and values climb back to 2017 levels
London’s property downturn has now lasted longer than during the Global Financial Crisis
Annual house price growth in London has been in negative territory for 16 consecutive months, according to the official UK HPI. This compares to 15 months of price falls during the 2008-2009 global financial crisis
London’s new-build market suffers as starts, completions and sales tumble
Construction starts in London totalled just 3,400 units in Q2, according to Molior, well down on last year’s quarterly average of 5,800; the 4,700 sales recorded over the same period compared to a quarterly average of 5,200 during 2018 and 5,700 during 2017
‘Transaction levels indicate that the markets are relatively stable during this time of economic & political uncertainty’ – Strutt & Parker
Transaction volumes in PCL grew by 5.3% from H1 2018 to H1 2019, says Strutt & Parker, driven by a quite dramatic surge in activity under £2m
Mayor Khan shapes up for a battle with London’s landlords
Joanne Young looks at the potentially serious implications of Sadiq Khan’s ‘Blueprint’ for reforming the London rental market, and explains why the plan won’t provide the solution to the capital’s housing problems…
‘Mounting economic headwinds’ curb prime property price growth in global cities
Luxury property price inflation across 46 global cities continues to fall short of the long-term average, says Knight Frank
The Homemover Wave: Understanding consumer behaviour during the moving process
The UK’s homemovers spend an extraordinary £12bn each year on consumer goods whilst going through the process, according to new research by TwentyCi; and retailers are getting very good at predicting their spending behaviour…
‘Remarkable’ decline in genuine live/work options across London
Gentrification and Permitted Development have reduced supply levels to a handful of options each year, according to specialist warehouse agency London Lofts
NCA urged to investigate Kensington mansion purchase
RBKC planning approval leads campaign groups to question a 2007 acquisition made by an African autocrat’s daughter…
Ranked: Britain’s top towns for student housing investment
“Student housing is the most mature of the UK’s purpose-built rentalised residential markets,” says Savills, offering up some First Class opportunities for property developers and investors – but it’s not all about academic rankings…