The Market
HNWIs returning to PCL, reports luxury logistics firm
Notting Hill is proving a popular destination for post-pandemic relocations.
Mortgage approvals slip but remain above pre-pandemic levels
“After the roller-coaster ride of the stamp duty holiday, activity levels in the UK housing market will feel tame by comparison in the final months of this year," says Knight Frank research chief Tom…
Five post-pandemic trends to watch in Prime Central London
Cluttons summarises some themes to look out for as the recovery continues.
South Hams declares ‘housing emergency’ as property prices & Airbnb numbers rocket
Councillors in Salcombe and Dartmouth say they have "no choice but to declare a Housing Crisis", prompted by the conversion of many properties to Airbnbs and a sharp increase in outsiders moving into…
‘Frenzied’ demand drives strongest prime London rental market in a decade
The capital's prime rental market is leading the recovery for the first time since the start of the pandemic, reports Savills.
Fastest-moving property market in five years, as buyer demand stays high
The annual rate of UK property price inflation was running at +6.1% in August, according to Zoopla; that's more than double the rate recorded in August last year.
The second homes boom isn’t over
Second home purchases outside of London are up by 83% this year, notes Chris Druce - and the trend is boosting the coffers of the government...
‘The end of the cycle’: House price inflation to slow, predicts Hamptons
"We’re more likely to see a continuation of modest price growth, such as we’ve witnessed during the last five years, rather than a boom followed by a bust," says Hamptons, as it forecasts the start…
Six property market trends to watch in 2022
Hamptons has just published its house price forecasts for the years ahead, predicting the start of a new market cycle in 2024/5. Here the team outlines the key trends to watch in the coming 12 months.
PCL flats are back in demand, reports Mayfair agency
Black Brick has signed up eight new clients in the last fortnight - all but one of whom are looking for apartments in London’s top postcodes: ‘It was tumbleweed for 18 months but now it is a frenzy’…
Labour promises first-dibs for first-time buyers, more affordable rents & limits on overseas buyers
“Labour is the party of homeownership," declares Shadow Housing Secretary Lucy Powell, aping the traditional Tory mantra.
Fewer vendors budging on price, reports London agency
With demand levels running high, sellers ‘don’t feel the need’ to offer a discount right now, according to Chestertons.