The Market
Bumper Q1 for Savills’ development land team
Agency reports selling over £436m worth of land during the first three months of the year
Briefing Note: On the higher SDLT rate for non-resident buyers
With the overseas buyer surcharge now confirmed for implementation next year, Mishcon de Reya flags up some of the finer details to bear in mind...
£82bn-worth of resi property deals are in ‘suspended animation’
Zoopla estimates that 50% fewer homes will be sold in 2020 than in 2019... The current rate of deals is about 10% of the usual March tally - a market more akin to late December than Springtime.
London’s resi development industry ‘made hay’ during Q1
Latest Molior survey of the capital's new-build scene shows sales and starts were both up significantly pre-lockdown
Under offers piled up as the lockdown halted prime London’s property market recovery
Nearly a third (30%) more London homes were marked as "under offer" at the end of March compared to the same time a year ago, according to LonRes data mined buy Coutts bank, as deals piled up under the…
Listen: Knight Frank’s research unit launches podcast series
Knight Frank Research has just launched its first podcast series, aiming to "break down the news and delve into the intelligence behind the property market headlines."
Tenancy renewals jump under lockdown, but ‘there are signs that applicant demand is starting to increase again’
Hamptons and Knight Frank both report big increases in tenancy renewals, but both flag signs of renewed demand for new lettings despite the lockdown.
Off-plan sector facing wave of legal disputes, warns private wealth firm
Developers are already 'exploring their options' over deals where the buyers seem to have gone cold, reports Boodle Hatfield
London’s lettings market awakens, sort of
Tenants across London & the Home Counties are making plans for life after lockdown, reports Knight Frank, although more are opting to go with the status quo.
UK headed for ‘historic’ decline in housing delivery
Total private housing delivery in 2020 will end up lower than in the years following the global financial crisis, warns Knight Frank as the agency calls on the Government to intervene...
Deutsche Bank predicts a 20% slump for UK house prices
Everyone agrees that transaction volumes will plunge, but opinions are divided over the impact of the Coronavirus on property values...
Significant wealth tax hikes ‘should now be very firmly on the UK policy agenda’
"Low-hanging" wealth & property taxes could rise to cover Covid-19 costs, suggests a political economist Professor Richard Murphy.