The Market
London vendors slash prices to secure a buyer before Christmas
Chestertons recorded a near-60% increase in price reductions across its network in September, which looks to have stirred buyers into action...
The Trial Reservation Experiment: Getting our houses in order
Glentree chief Trevor Abrahmsohn applauds the Housing Ministry's move to try-out Reservation Agreements in property deals, and puts a price on a "Gentleman's Word"
‘Buyers & sellers recalibrate and try to second-guess what’s coming next’
"Much like the weather over the last month, the property market has become increasingly unpredictable," says national buying agency Garrington in its monthly top-line review of market machinations.
The number of UK property firms in ‘significant financial distress’ has risen by 78% since 2016
Sector has been 'particularly badly affected' by deteriorating economic conditions, says insolvency firm Begbies Traynor
Asking rents jump to record highs in London & around the country
Nearly a quarter of landlords are planning to cut their property portfolios in spite of record asking rents, says Rightmove
Prime London property transactions jump 14%; instructions up 9% – but prices fall
New LonRes data for Q3 tells of a markedly busier Summer compared to last year in prime London - although the market above £5m remains subdued
Average time to sell jumps as the property market freeze continues
Two separate analyses tell us that homes are taking longer to find a buyer now compared to a year ago
UK property price growth picks up; Inner London shows signs of recovery – UK HPI
The annual rate of UK house price growth has climbed to +1.3%, according to official data.
New-build homes now account for over a third of London’s super-prime property sales
Resilient demand in the face of uncertainty has boosted new developments' £10m+ market share from 18% to 34% in the last two years, reports Knight Frank, as the super-rich prioritise security and hotel-grade…
‘Slow & steady’ property market persists as exchanges nudge up but new instructions dip
First-time buyers have boosted transaction volumes, reports TwentyCI
Javid confirms Budget date
'Housing market put on hold' as Chancellor schedules in 'the first budget after leaving the EU' for 6th November
Pitch Perfect: Advising vendors on pricing to sell
Savvy sellers are beginning to understand the risks of overcooking an asking price in the current market, says PCL agent Nic Pejacsevich