The Market
‘A retrograde step’ & ‘a serious weakening of local democracy’: London’s Mayor weighs-in on planning reforms
Mayor of London Sadiq Khan has lambasted the Government's "once in a generation" planning reforms, calling proposals "a retrograde step" for housebuilding in the capital and "a serious weakening of local…
Millionaires’ Rows: The UK’s top ten most expensive streets in 2020
Zoopla has published its latest rundown of seven-figure addresses, showing Kensington Palace Gardens, Courtenay Avenue, Grosvenor Crescent and Ilchester Place maintaining their positions as the priciest in…
The view from Knightsbridge: Covid, Brexit & the PCL lettings market
So far at least, Brexit has had a far bigger impact on the Prime Central London lettings market than Covid-19, writes Alice Umfreville...
Property prices continue to rise in most prime global cities, but markets are weakening
The average annual rate of property price inflation across the 150 tracked cities moderated from +3.6% in Q1 to +3.4% in Q2.
Up-sizers’ average ‘trade-up gap’ escalates to £68k
Asking price inflation for three-bedroom houses has outstripped the price growth of two-bedroom flats every year for the last five years, says Rightmove.
Prime property prices outside London top pre-crash peak
Average prime values outside of London have climbed beyond their 2007 peak for the first time, says Savills, and now sit some 1.4% above their pre-crash high.
British Virgin Islands to go public with details of secret company ownership
A recent BBC investigation found that 11,700 companies registered in the British overseas territory owned 23,000 UK properties.
Mortgage approvals jump to a 13-year high
August saw the highest monthly tally of mortgage approvals since October 2007. But there have still been around a fifth fewer approvals so far this year compared to the same period in 2019.
‘British house price boom to fizzle out next year’ – Reuters poll
A poll of property pundits a 2% rise for UK property prices this year, before a "flatline" in 2021.
Sustainable Gains: On the future of green buildings
Developers, policymakers and investors are coming round to the idea that green development makes economic sense, says Jojo Romarx Salas...
Savills drastically raises mainstream property price & transaction forecasts
"Previous UK recessions have been associated with house price falls, but 2020 looks set to be the exception," says Savills as it "significantly upgrades" is forecasts for both property prices and transaction…
Market Snapshot: Scotland’s £1m+ market has ‘picked up where it left off’, driven by a country house revival
Edinburgh usually dominates the Scottish prime market, but more rural locations have stepped up since the Spring Coronavirus lockdown was eased.