Survey highlights public concern over housing
“The housing crisis is an economic, social and human catastrophe,” says the Chartered Institute of Housing. “But it can be solved”
It now takes just 20 days for the average rental property to find a tenant
Falling stock levels and rising demand mean the British rental market is moving faster than ever, says Hamptons
The PCL sales market bear run looks to be nearing an end – JLL
Things are ‘gradually turning a corner’, says the agency, after recording an upturn in transaction levels and instructions, and price declines slowing across London’s most expensive postcodes…
Inspector backs RBKC plans to limit amalgamations and super-sized units
Planning Inspector deems the Royal Borough’s Local Plan Partial Review to be generally ‘sound’, including policies to limit the size of amalgamations and restrict the number of ‘very large’ units in new-build schemes…
HMRC: 6,000 HNWI have left Britain
Latest government data shows a 13% fall in the number of individuals claiming non-domiciled taxpayer status in the UK, with top advisors citing Corbyn and Brexit as key factors…
Average time taken to sell in England & Wales rises to 60 days
The average period between initial marketing and securing a buyer was a mere 36 days back in 2014…
Surveyors return to pessimism as the property market flatlines – RICS
“The latest RICS results will provide little comfort for the market,” says Chief Economist Simon Rubinsohn, “with all the key indicators pretty much flatlining”
Prime London price rises ‘an indication that the bottom of the market has been reached’ – Coutts
“Prices are edging up” and gazumping is back in prime London, Coutts bank tells its HNW clients – “but don’t get excited”
Don’t try and move house on a Friday in August, warn removal firms
Activity really hots up in the removals business around this time of year, says the Master Removers Group, as Spring sales complete and families look to get settled in time for September…
Tight supply bolsters resi development land values
“Housebuilders are increasingly competing for well-priced sites in optimal locations,” says Knight Frank, but many vendors continue to wait for more political certainty
DAMAC chief: ‘I see 2019 as a year of opportunity in London’
Current uncertainties around Brexit offer just the right conditions to strike great property deals, says billionaire Emirati developer Hussain Sajwani…
‘Demand for rental properties across London is strong & momentum is building’ – Foxtons
23% more tenants registered with the London estate agency in the first half of this year compared to last, but the firm listed 6% fewer homes to rent…