The Market
Seasonal slowdown opens a ‘buying window’, says property portal
A 0.6% dip in average asking prices is "an early Christmas present" for home-buyers, says Rightmove, while a jump in valuation requests from potential property vendors is "a sign of building momentum.
FT: The oldest asset class of all still dominates modern wealth
Writing for the FT, Rana Foroohar explains why so much global wealth is still tied up in bricks and mortar, and the 'troubling' ramifications.
Winkworth set to beat profit forecasts
The market has been buoyant this year, reports the franchise operator, but trading conditions are expected to return to a 'more normal pattern' in the months ahead
Most home-buyers ‘don’t factor in energy efficiency in their purchase’ – yet
Less than a quarter of surveyors think that a property’s energy efficiency rating has any impact at all on a its selling price, according to a new survey by the RICS.
Stock shortage thwarts home-buying activity
Surveyors reported a small dip in sales volumes despite rising buyer enquiries in October, as house-hunters struggled to find suitable homes to buy.
Heatmapped: ‘The general picture is one of a slowing market’
The annual rate of inflation across England & Wales has slipped to 4.1%, reports Acadata, but ‘there will be no price collapse as some had previously suggested’
Winkworth boss: ‘We may have passed peak country’
There are people returning to Notting Hill because they thought rural life would be like Soho Farmhouse, says Dominic Agace.
Ranked: Britain’s hottest buyers’ & sellers’ property markets
Two-thirds of homes listed for sale on Rightmove are already marked as Sold Subject to Contract, up from around half last Autumn.
Savills forecasts: Prime property markets to outperform over five years; PCL prices tipped for 8% growth in 2022
"Property in the capital’s most prestigious postcodes is overdue a recovery," says Savills, as it reveals its prime and mainstream market forecasts for the next five years.
Construction supply chain issues ‘are going to significantly impact the delivery of completed new homes’
“Build cost inflation is the most talked about topic in the land market at the moment, and it is anticipated that this will not ease in the short term," warns Knight Frank.
Cladding: Why do leaseholders have to pay at all, asks Housing Secretary Gove
"I'm still unhappy with the principle of leaseholders having to pay at all" for the cladding scandal, said Michael Gove yesterday. "My questions is why do they have to pay at all?"
PCL property prices set to rise 5-10% in 2022, predicts Strutt & Parker
National estate agency Strutts is forecasting price growth of between 20% and 35% by 2025 across the UK, and somewhere between 15% and 35% over five years in Prime Central London.