‘Sales market momentum will fade further in coming months,’ warns the RICS
Housing market activity continues to rise but momentum is easing, according to the latest survey of Chartered Surveyors.
Prime London market begins 2021 with bumper stock levels
Huge inventory builds up across the prime postcodes after Covid blows seasonal activity patterns off course.
Rokstone boss: To shut the housing market jeopardises jobs, personal finances and the economy all in one go
The government may be “absolutely determined” to keep the housing market open, but pressure is mounting from various quarters – including the science one – to pull the shutters down again as Covid continues to wreak havoc across the UK. It is possible to do things safely, counters PCL agency MD Becky Fatemi, and avoid the wide-ranging fallout of another closure…
Marylebone bucks the trend as PCL rents suffer
Rents have been tumbling across the capital’s prime districts recently, but not in this one…
Is the Prime Central London recession anomalous?
It’s been a particularly tough six years for the capital’s prime property market, with tax changes, the threat of a hard-left Government, Brexit and Covid all impacting on sentiment; here, fund manager-turned-buying agent Fraser Slater explains why he believes PCL is looking ‘anomalously cheap’ right now…
Major players back call for Unique Property Reference Numbers
Over 50 influential property industry organisations – including Savills, Knight Frank, Countrywide and Foxtons – are calling for the introduction of Unique Property Reference Numbers. “Widespread adoption of UPRNs could revolutionise the property market,” declares one backer.
Stamp Duty holiday ‘has been an added bonus rather than the driving factor’ for most home-buyers
Half (48%) of current home-buyers are worried they’ll miss the 31st March Stamp Duty holiday deadline, according to a survey by HNW mortgage broker Enness.
Government ‘absolutely determined’ to keep the housing market open, but threat of closure mounts
Senior ministers have not ruled out a temporary shuttering of the property market to quell the spread of Covid-19.
Hidden Mayfair mansions let for £884k a year
A pair of super-prime new-build glass houses in Mayfair have been rented long-term by European tenants for a combined £17,000 a week.
Chestertons reports record December figures
Major London agency was still finalising deals on Christmas Eve, New Years Eve and New Years Day as the market remained ‘incredibly strong’ all through the festive season…
Knight Frank cuts property price forecasts
The UK’s average house price is set for 0% growth in 2021, predicts Knight Frank, as it trims its prime London forecasts by 1%.
Labour leader warns property viewings may have to stop
Keir Starmer has suggested that the property market may need to be put on ice again to quell the spread of Covid-19.