‘Little evidence of house price inflation losing much momentum’ – RICS
“It seems that limited supply available on the market, coupled with steady demand growth, are still the overriding drivers of house prices,” says the RICS’ chief economist.
Agency reports ‘sense of urgency’ in London market as more interest hikes loom
Sales enquiries across Chestertons’ 32 branches were up by 39% last month
Planning Reform & Levelling Up: What is the government planning to do this year?
Last year’s “radical” Planning Bill is long gone, replaced with watered-down reforms that promise local referenda on planning decisions and a few other tweaks.
Ranked: Britain’s top 10 seaside property price hotspots
Coastal homes have seen asking prices rise by 13.9% on average over the last year, outpacing the national average of 9.9%.
Country house market picks up pace as sellers ‘sense a slowdown’
“Having taken stock during the first three months of the year people are now coming to market and being decisive,” says Russell Grieve, office head at Knight Frank Haslemere. “Where property is realistically priced, it is selling quickly and attracting competition.”
Returning demand for prime London property means competitive bidding and price rises
London living is certainly back in fashion, writes David Johnson, but the acute supply and demand imbalance is making for challenging buying conditions…
Government outlines ‘the biggest change to renters law in a generation’
The Renters Reform Bill promises a “new deal” for England’s 4.4 million private rented households, says Downing Street.
Opening of Parliament heralds planning and rental reforms
There’s not a lot of detail to go on, but early property industry reactions to the latest proposed planning reforms have been less than positive.
Talking Heads: Prime property agents on the end of POA
A longstanding feature of high-end listings, ‘price on application’, is on the way out after Trading Standards deemed the term both ‘misleading’ and ‘unlawful’. But what do London’s prime property specialists make of the decision, and how will the change impact the market – and marketing process – in the luxury sector?
£269.5bn-worth of residential property changed hands last year
The total value of UK homes sold in 2021 was 37% higher than in 2020.
‘The risks are rising’: Top analyst warns of a looming property market downturn
“Underlying fundamentals suggest house prices are reasonably priced at current levels,” says Neal Hudson, but “the fundamentals may be about to change – potentially quite quickly.”
Edinburgh house prices climb amidst ‘fierce’ buyer competition
Competition for family homes in Edinburgh is “fierce”, says Knight Frank, while flats have “found renewed popularity after a pandemic-inspired hiatus.” Outside of the capital, there’s been a sharp rise in off-market Scottish estate sales – with nearly two-thirds of 2021 deals going off-book.