The Market
Brexit’s ‘false dawn’ sparks PCL deal surge
Transactions spiked by over 18% last quarter as 'shrewd' buyers and investors pushed their purchases through before March 29th, reports LCP
‘We suspect house prices will rise only 1% over the year and would not be at all surprised if they stagnate’ – EY
EY's Spring ITEM Club predicts muted property price growth ahead, with a 'limited' upside even if a Brexit deal is agreed. A no deal exit could see house prices fall by 5% in 2020
RICS looks to ‘clear up the home buying process’
Residential property surveys are confusing for consumers, says the Royal Institute of Chartered Surveyors, as it opens a consultation on an overhaul of the system with mandatory new standards
PCL landlords return after striking out on the sales market
While new listings were still down by 6.3% in the year to March, it was the smallest decline in over 18 months
Prime London buyers are ‘manoeuvring into position’
The ratio of new buyers to new listings rose to a record high of 9:1 in March, reports Knight Frank, predicting that demand could be released 'at short notice' in the event of some political clarity emerging...
Old rectories & manor houses ‘offer the best value for money’; barn conversions are the priciest ‘quintessentially English’ homes per square foot
Big manor houses and old rectories tend to be the most expensive "quintessentially English" homes in a village, but they're a fair bit cheaper per square foot than cottages or barn conversions, says Jackson-Stops.
Mapped: Prime London price & rental growth
Here's how the capital's prime neighbourhoods have performed over the last three months
London’s prime property prices paint pretty picture for buyers – Coutts
Vendors are slashing prices by an average of 13% - and 21% in the £10m+ range - as transaction volumes slow to a six-year low, reports the Queen's bank...
Chestertons reports rising activity levels and fewer fall-throughs as buyers tire of Brexit deadlock
Major London agency notes a 'dramatic shift' in behaviour since the start of the year, with new registrations, viewings and offers all up - and fall-throughs dramatically down...
Stamp duty receipts tumble by £1 billion
Latest statistics from HMRC confirm a massive fall from £12.9bn in 2017/18 to £11.9bn in 2018/19, the biggest decline seen since the financial crisis
Brexit is ‘now properly biting as an excuse to do nothing’ – Property Vision
The last year has not been good news for sellers in Prime Central London, says buying agency Property Vision - although 'the more savvy international buyers are starting to get interested and this is translating…