The Market
Industry Reactions: House prices rise for a fourth consecutive month
Official data suggests property values have increased by an average of 2.7% in the last year - but transaction volumes are dramatically lower than in previous years.
Prime London Property Market Snapshot: Week 32, 2024
A third fewer sales were agreed across London's prime postcodes last week compared to the same period last year, but more homes went under offer, and a relative flurry of new instructions hit the market.
Home-buyers turn to short-term finance to save sales chains
Growth in bridging loans 'seems to be fuelled by the urgent need to prevent chain breaks in property transactions,' say lenders.
Property insurance payouts hit a record high
'Our latest figures demonstrate the devastating impact that adverse weather can have on people and their homes,' says the Association of British Insurers.
Exodus or exaggeration? Top advisors reveal how HNWIs are really reacting to the UK’s non-dom changes
Featuring insight from Hamptons, DDRE Global, Property Vision, Haringtons, Black Brick, Middleton Advisors, Harrods Estates, Sotheby's International Realty, Forsters & more...
Indian buyers are driving the luxury property market in North London
DDRE Global says 40% of large apartments sold in St John's Wood in the last year have been snapped up by buyers of Indian origin, who now account for half of all active HNW buyers in the area.
Government looks to thwart profiteering from grey belt land sales
'We will reform the outdated compulsory purchase process to remove inflated values of land and ensure compensation paid to landowners is fair but not excessive,' says the MCHLG.
Property lawyers dwindle as transactions tumble
Real estate lawyers have seen their caseloads fall by a fifth in last year, according to Search Acumen.
PCL rental growth dips below 3% for the first time in three years
Just as the prospect of tax rises in the Budget is causing uncertainty in the sales market, Labour’s revival of the Renters Reform Bill is doing the same thing in the lettings market, says Knight Frank.
Offer numbers drop off in Prime London
Buyers in the prime postcodes were more focussed on their summer holidays than moving house in June and July, reports Knight Frank.
‘Shaken not stirred’: Ollie Marshall on why London remains one of the best haven bets out there
PCL house prices have not been tearing up the record books of late, but they are now at far less risk of a sharp recalibration and deleveraging than other markets, explains top buying agent.
Monday Market Review: Key figures & findings from the last seven days
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from the RICS, TwentyCi, Knight Frank, Prime Purchase, Savills, Hamptons, Halifax & more...