The Market
Ranked: The UK’s ‘cash buyer hotspots’
Cash buyers have accounted for 27% of sales recorded in the UK this year, according to new research, but the proportion in some areas has reached over half.
Property sales supply is building, but ‘it doesn’t feel like a significant escalation is on the cards’
Home-buying activity should remain "brisk" through to the end of the year, predicts estate agency Knight Frank, but it won't be as "frenetic" as the first six months.
‘London’s overall influence on the prime market has dropped’, says Rightmove, as Scotland becomes Britain’s fastest-moving £1m+ property market
London now accounts for 40.5% of all seven-figure transactions in the UK, down from 47% before the pandemic.
Average rents have increased by 7.4% in the last year
But the total amount of rent paid by tenants across Great Britain has fallen 8% since 2018, says Hamptons.
Johnson & Jenrick plot planning reform u-turn
“Radical” proposed planning reforms are likely to be substantially watered down, according to political insiders.
PCL has ‘turned into a landlord’s market in recent weeks’, as tenant demand surges by 73%
A top estate agency has reported the highest number of new prospective tenant registrations in five years - topping previous records set in June and July this year.
Heatmapped: ‘Staggering’ regional price growth slackens off
Some of the heat has come out of the UK's regional markets in the wake of June's stamp duty deadline, but prices 'remain resilient in the round', reports Acadata.
London landlords ‘in the driving seat’ as rental supply plunges 58%
Chestertons has seen tenant demand soar by 55% over the last year, while the number of properties available to rent has plunged by 58%.
Regional town & city markets shine as buyers seek out ‘best of both worlds’
The race for space is evolving - but where are buyers choosing now, and what are they getting for their money?
Stamp Duty holiday should not have been extended, says RICS
“We would urge the Government to undertake a full-scale review of the current stamp duty land tax system," says the Royal Institute of Chartered Surveyors.
Sales & new listings dip as property market ‘takes a breather’
House prices "are expected to continue to climb higher over the year to come," says the RICS, "albeit the pace of increase is likely to subside somewhat in the months ahead."
Prime market accounting for 12% of London sales
3,381 £1m-plus resi sales were lodged with the Land Registry in the capital during H1, with 117 breaching the £5m mark.