The Market
Prime Central London flats offer ‘investment opportunities’ as rental yields jump – LCP
"As the PCL market begins to pick up momentum there is still a degree of discrepancy between the performance of houses and flats," says LCP boss Andrew Weir - "pointing towards the investment opportunities…
As Edinburgh clamps down on short-term lets, what are the options for property owners and landlords?
Under draft proposals, property owners in the Scottish capital will soon need planning permission to be able to operate short-term lettings - but the lack of clarity around the restrictions is making it…
Notting Hill fever as agency registers 30 ‘big budget’ buyers & sells £21.5m super-home
London House reports super-prime demand spiking in ‘London’s coolest neighbourhood’, and confirms the sale of one of the last big-ticket properties on the open 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...