The Market
‘Pre-Brexit buying spree’ bolsters asking prices, but more properties are stuck in a legal log-jam
Rightmove's index indicates a "pre-Brexit buying spree" as agreed sales jump up by 6.1%
Proportion of overseas buyers in PCL falls below 50%
Foreign purchasers accounted for 44% of transactions in London's most expensive neighbourhoods during H1, down from 58% in 2018, as global economic and political factors impacted on demand...
Chancellor announces £600m housing boost
New funding will "unlock" five development sites in London, Central Bedfordshire and Essex by enabling infrastructure works
Stamp duty theatrics descend into farce
Sajid Javid distances himself from the idea of switching the stamp duty tax burden from buyers to sellers, after commentators accuse the new Chancellor of 'killing the property market'
‘Billionaire’s Strip’: £1.3bn building boom underway on Belgravia’s ‘undervalued’ eastern flank
Some of the world's richest individuals have been finding value in East Belgravia of late, notes Beauchamp Estates, triggering a wave of super-prime development that's likely to elevate the area in years…
Mortgage approvals drop as home-movers sit tight
3.6% fewer home-mover mortgages were approved in June compared to the same month last year, according to the latest update from trade body UK Finance
Scotland’s country house market slips for the first time in two years
Knight Frank flags up a change in direction for price growth over the border, along with a big fall in the number of high-end instructions
Battersea Power Station sales ‘are running at £10 million a month’
SW London's £9bn development project seems to be getting back on track, as sales volumes and values climb back to 2017 levels
London’s property downturn has now lasted longer than during the Global Financial Crisis
Annual house price growth in London has been in negative territory for 16 consecutive months, according to the official UK HPI.
London’s new-build market suffers as starts, completions and sales tumble
Construction starts in London totalled just 3,400 units in Q2, according to Molior, well down on last year's quarterly average of 5,800;
‘Transaction levels indicate that the markets are relatively stable during this time of economic & political uncertainty’ – Strutt & Parker
Transaction volumes in PCL grew by 5.3% from H1 2018 to H1 2019, says Strutt & Parker, driven by a quite dramatic surge in activity under £2m
Mayor Khan shapes up for a battle with London’s landlords
Joanne Young looks at the potentially serious implications of Sadiq Khan's 'Blueprint' for reforming the London rental market, and explains why the plan won't provide the solution to the capital's housing…