The Market
Ellingworth on new-builds: A tale of two cities
The new-build market is like any other market, says buying agent Charlie Ellingworth - there are the excellent, the good, the indifferent, and stuff that you wouldn’t want to touch with the proverbial…
UK market facing ‘cliff-edge chaos’ in Q1
'The creaks in the system may start to get louder', warns agency, as looming SDLT deadlines add further strain to a short-staffed conveyancing system...
The Guardian: London is the wild west of the global property market – and it needs a sheriff
"Modern London is the wild west of the global property market," writes Guardian columnist Simon Jenkins and parts of it are defaced and dying as a result."
Buyers are flocking to the ends of London’s commuter lines
In a reversal of last year's trend, new Rightmove data tells us that TfL Zone 6 has seen the biggest increase in property demand, while Zone 1 has seen the smallest rise compared to last year.
Scotland’s resi market is facing a price bubble of pre-2008 proportions
The last quarter has pulled the market out of the abyss, but surveyor Eric Curran is now seeing prices being offered that will certainly not be recoverable in the foreseeable future...
Annual house price inflation climbed to 2.5% in August – UK HPI
London's average property price has escalated back to its 2017 high, according to the latest official UK House Price Index.
London rental market activity booms, but prices face downward pressure
Chestertons has reported a 45% increase in new tenancies in London this September compared to last - but supply is running high, forcing many more landlords to cut rents.
High street agents still claiming over 98% of the market above £1m
Hybrid & online agents boosted their share of new instructions significantly in Q3, reports TwentyCi, but are yet to make much of a dent in the prime market...
More prime London agencies make hay while the sun shines
Boutique firm Aston Chase joins other boutique operators reporting a bumper run of deals, after chalking up £175m worth of sales in the last five months alone...
New-build home deliveries sink by 15-20%, but development land buying activity remains strong
Savills saw more new-build homes reservations in Q3 this year than in any previous quarter on record, while development land buyers focus on smaller sites.
High-end bargain-hunters splash £2.5bn in London’s top postcodes
PCL's £5m+ transaction volumes are 12% up on last year's levels, with Q3 proving the strongest quarter in five years; ‘these are results that nobody could have anticipated’, says Savills...
‘There is smart money in Europe targeting London’: French buyers come to the fore in PCL
Buyers from across the Channel jump to the top of Knight Frank’s international buyer rankings, while purchases by Chinese nationals almost halve in ‘major shift’...