The Market
‘Developers will struggle to break ground on new sites’: Woes continue in PCL’s new-build sector
New-build transaction slump should serve as a cautionary tale against any further tax tinkering, warns LCP
Supply & demand move further out of kilter as vendors hold back
Demand may be surging, but new property listings have fallen by 21% year-on-year says Knight Frank, while January's UK transaction tally was 4% lower than in 2019...
Mandatory New Homes Ombudsman to police ‘rogue’ developers
All housebuilders will need to sign-up to Robert Jenrick's New Homes Ombudsman scheme.
Ranked: 2019’s best & worst performing areas for house price inflation
North Devon and southern Wales saw the highest rates of property price inflation last year, while London boroughs saw the sharpest falls.
The Times: Wealthy Tories are not as averse to a mansion tax as some may think
Wealthy residents of three Tory constituencies are already choosing to pay a mansion tax in all but name, argues the Times' economics editor Philip Aldrick...
Best bids and attended exchanges on the rise in PCL, reports agency
Buyers’ and sellers’ confidence and optimism is 'back with a bang', according to Chestertons
The billion-pound building boom that could transform Oxford Street back into a prime resi address
Nine new residential developments are changing the face of Europe's busiest shopping street;
Architects’ confidence surges, but workloads are still down
RIBA's Future Trends Workload Index has surged into positive territory, led by the private housing sector, but architects' actual workloads are still 5% below last year's level...
High value deal surge in Central London pushes property price inflation rate up
"Increased London house price growth may reflect a larger shift in the type of properties being sold than usual," says the official UK House Price Index, "with more sales of very high value properties.
Developers are back on the hunt for sites in PCL
Demand amongst both large and SME housebuilders for new sites in zones one and two is 'robust', reports Knight Frank, following a big drop-off in the wake of the EU Referendum
Hong Kong ‘in a league of its own’ & London ‘at a turning point’: Prime global city markets in seven charts
Hong Kong, New York, Tokyo, Geneva and London are the most expensive prime global cities, says Savills;
Cash buyers pay an average of 9% less for a home than mortgagers
The average price paid by cash buyers for a home in the UK is 9% less than that paid by mortgaged buyers... But it's a different story in London.