The Market
Property boom is ‘now coming to an end’ as sales supply runs dry
"Regional property markets in the UK are coming perilously close to running out of any stock whatsoever to sell," warns a data company.
‘The Return of the Roaring Twenties’: On Mayfair’s trophy home bonanza
"Like the 1920s we are seeing penthouses and mansions in Mayfair selling well and rising dramatically in value," says Peter Wetherell.
Looking for a needle in a haystack: PCL buying agency highlights ‘acute’ stock shortage
Black Brick has invested in new tech to help bring elusive vendors out of the woodwork
Treasury enjoys record Stamp Duty receipts
"Receipts continued to be driven by strong activity at the top end of the market," notes Savills.
Rightmove reports busiest ever January; buyer demand over 20% higher than pre-Covid levels
Property portal flags "early signs of a better-balanced market over the course of 2022" as valuation requests jump.
Property sellers achieved 98% of original asking prices in 2021, on average
The average asking price across England & Wales in 2021 was £326,212 in 2021, while the average achieved price £319,119.
BoE raises interest rates, with more increases on the way
Bank of England projections anticipate that the base interest rate will rise to "around 1.5% by the middle of 2023".
Leasehold reform in motion: On the government’s plans to make home ownership fairer & more secure
As the first major piece of leasehold reform in a generation finally becomes legislation, buying agent Nina Harrison reflects on the long-requested need to transform leasehold agreements - and what impact…
‘Product has overtaken location as the driver for PCL buyers’: Northacre’s Niccolò Barattieri di San Pietro on London’s shifting luxury property market
“With little to no large sites left in the Capital many PCL developers will shift to boutique development,” writes the CEO of leading luxury property developer, Northacre.
Government outlines 12-point ‘levelling up’ plan, including PRS reforms
Johnson & Gove set out "the most comprehensive, ambitious plan of its kind that this country has ever seen."
UK housing value tops £8 trillion after record surge
2021's increase of £804 billion was the largest ever recorded, reports Savills
It is difficult to find evidence that the UK housing market will have anything other than a positive year in 2022
Early data from January and a positive economic outlook point to strong transaction numbers and price growth, writes Tom Bill