The Market

Knight Frank's research chief talks us through some of the risks and opportunities facing the housing market on this side of the pond, as a result of Donald Trump's victory.

Luxury property advisors report increased interest from wealthy Americans looking for residences in the UK.

'It was all-guns-blazing last week', reports London resi sales boss Rory Penn.

'With the October Budget behind us, the outlook for both house prices and rents remains positive,' says JLL in its latest property market forecasts.

Private bank's latest survey of the capital's luxury market shows prices falling, average discounts close to 9% and almost 80% of sales coming in below asking price.

The latest data confirms a spike in property transactions last week.

Savills has issued fresh forecasts for the mainstream housing market, with an optimistic outlook for less turbulent times ahead.

Linking long-term loans to properties rather than people could promote more energy-efficient retrofits, argue lenders.

An extra 2% on the SDLT surcharge for additional homes is "a slightly bitter but manageable pill to swallow," says Benham and Reeves boss Marc von Grundherr.

'This coming US election will be more than just a decision on leadership - it could signal a new phase of high demand for international real estate,' says Parisian buying agent Susie Hollands.

Last week's Labour Budget was 'driven by ideology, penalising those they simply did not need to tax or tax further,' argues top-end estate agency boss Charles Curran.

Richard & Sophie Rogerson consider the implications for prime resi markets following last week's fiscal reset.