The Market
A seller’s market snapshot: fail to prepare, prepare to fail
Lawyer Annabel Dean shares some practical tips for those looking to compete in this most challenging of markets…
Talking Heads: Chinese buyers have turned to the Home Counties
Before the pandemic, only around one in 20 Chinese and Hong Kong home-buyers used to look for a home in England's Home Counties; now it's nearer one in five, according to a new study.
Students outbid corporate tenants as China drives Mayfair rental ‘boom’
Top-end rental properties in Mayfair are going for as much as a third above the asking price, reports Wetherell, as Chinese students and socialites boost demand.
Transaction numbers running at a 14-year high as deals speed up by nearly a month
Rightmove predicts that 1.
Buyer & seller confidence riding high, reports OnTheMarket
81% of UK vendors expect to sell within three months, according to the portal's latest sentiment survey.
London rents predicted to jump 5.5% in 2022
"We can say with confidence that the London rental market decline is now firmly behind us," declares the boss of estate agency Benham & Reeves.
Sharp drop in properties selling above asking-price
The majority of properties sold at or below asking price in September, according to Propertymark, but buyer demand continues to outpace sales supply.
Unrepresented buyers don’t stand a chance in London’s hottest markets, says buying agent
Even those with healthy budgets of between £4m and £10m are coming unstuck in hotspots like St John’s Wood & Putney, according to Black Brick
Greenfield land values rise at the fastest rate in a decade
Greenfield development land values picked up by 3.9% in Q3, says Savills, while urban sites increased by 2.2%.
Volatile property market to calm, says OBR as it upgrades house price forecast
"House prices have risen significantly faster since the start of the pandemic than we had expected, says the Office of Budget Responsibility.
Required Reading: The Autumn Budget 2021 for HNWIs & business owners
The Mishcon de Reya team talks us through the key policy changes and announcements for affluent folk and business sorts, as revealed in the details behind Rishi Sunak's "relatively benign" Budget speech.
Budget 2021: Property industry reactions
"This Budget could be regarded as a reprieve for the housing industry," says one commentator, while others bemoan an "underwhelming" speech...