The Market
Online agents’ market share ‘stabilises’ at 7.2% of exchanges
The total number of new instructions across the UK increased by 4% from Q4 2017 to Q4 2018, according to TwentyCi, but exchanges fell by 1.2%
‘Cold snap freezes housing market’, declare surveyors
RICS' latest monthly survey delivers its weakest near-term sales expectation reading since it started, in 1999
London asking rents hit a record high as supply dwindles – Rightmove
Property portal expects asking rents to rise by around 3% this year outside of London, and by 4% in the capital
Why the housing ladder doesn’t exist any more
The FT's Thomas Hale has written an interesting piece (with lots of sums), arguing that the traditional lifetime escalation from a first-time buyer's flat to a family-sized house is now 'a myth that young…
London property prices continue to fall – UK HPI
The UK's average house price increased by 2.8% in the year to November 2018; London's average dropped by 0.7%, according to official figures.
Parliament prolongs political & economic uncertainty
House of Commons vote delivers no clarity on Brexit; uncertainty is the property market's 'new normal' says top-end estate agent
Date set for tenancy fees ban
Tenant Fee Bill passes its final stage in the House of Lords and will come into force on June 1st 2019
Londoners are looking beyond the commuter belt, says Rightmove
Manchester, Birmingham and Liverpool are the most-enquired about locations by Londoners looking to leave the capital
The total value of London’s housing stock has fallen for the first time since 2009
The total value of UK residences climbed by 2.7% - or £190bn - in 2018, says Savills, but London saw a 1.5% drop; all the homes in Britain are now worth £7.29 trillion.
UK government ‘caves in’ to overseas territories over public ownership registers
New timetable draws ire from MPs and anti-corruption campaigners
Irish country piles stick as Brexit ‘distorts’ the market
Of the five priciest properties on the Irish market, four are country houses and three have been looking for a buyer for over a year
Watch: Garrington’s start-of-year market review
Catherine King of buying agency Garrington reviews the headline market movements from the last year, and looks forward to what may come to pass in property circles in 2019.