The Market
Talking Heads: Prime property agents on the end of POA
A longstanding feature of high-end listings, ‘price on application’, is on the way out after Trading Standards deemed the term both ‘misleading’ and ‘unlawful’.
£269.5bn-worth of residential property changed hands last year
The total value of UK homes sold in 2021 was 37% higher than in 2020.
‘The risks are rising’: Top analyst warns of a looming property market downturn
"Underlying fundamentals suggest house prices are reasonably priced at current levels," says Neal Hudson, but "the fundamentals may be about to change – potentially quite quickly."
Edinburgh house prices climb amidst ‘fierce’ buyer competition
Competition for family homes in Edinburgh is "fierce", says Knight Frank, while flats have "found renewed popularity after a pandemic-inspired hiatus.
It is clear that houses are the preferred option for buyers across Prime London – LonRes
While house prices have risen by 6.1% over the last two years, the price of flats has fallen by -0.9%
Monday Market Review: Key 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 LonRes, Knight Frank, Savills, Rightmove, Zoopla & more...
Queen’s Speech to put planning reform back on the agenda
The Queen's Speech sets out the government's legislative agenda for the year ahead.
Westminster ditches Tory council in ‘totemic’ local election result
The Labour Party has won control of Westminster Council for the first time since it was created in 1964.
Prime London Market Snapshot: Tight supply & returning demand push prices & rents up in PCL
"The property markets in central and outer London are increasingly on different trajectories," says Knight Frank, as the latest market indices shine a light on sales and lettings trends.
Savills points to ‘a new dynamic in the residential land market’ as alternative uses drive competition
“Although the current land market remains buoyant, capacity for further growth is limited," warns Patrick Eve, Savills head of regional development.
The Economist: Londongrad is falling down
A long-read feature in The Economist delves into the networks and key players in Londongrad's fallen economy, profiling some familiar faces along the way.
BoE raises interest rates to a 13-year high
The Bank of England expects interest rates to climb to around 2.5% by mid-2023.