The Market
PCL’s property sales slump ‘may reverse in coming months’
Knight Frank highlights the possibility of an imminent property sales surge in prime London, as pent-up demand continues to build.
Conveyancing volumes climb by 11%
Conveyancing firms are "defying Brexit uncertainty", with 11% more transactions processed in Q4 2018 compared to the same period in 2017.
Countrywide fined £215k in HMRC crackdown
UK's largest estate agency penalised for failing to comply with money laundering regulations; HMRC carries out week-long swoop on property firms around the country
Right to Rent breaches human rights laws, rules the High Court
Right to Rent "does not merely provide the occasion or opportunity for private landlords to discriminate," said the High Court Judge, "but causes them to do so where otherwise they would not."
Chestertons calls the bottom of the London property market
33-branch agency becomes the latest firm to ring the bell after picking up on a 'dramatic imbalance' between supply and demand
Property demand drops by nearly a fifth
Estate agencies report 19% fewer house-hunters registered per branch in January 2019 compared to January 2018.
Property price inflation slows in UK cities
The average gap between asking prices and agreed sales prices in London has widened from just 1% three years ago to 5.1% today, reports Zoopla.
Ranked: Britain’s fastest selling locations
It now takes an average of 77 days for a property to go under offer, says Rightmove, up from 72 a year ago. The North West has seen the biggest acceleration in time taken to sell a home.
‘Renting remains more cost effective than buying’, says Winkworth
Estate agency's analysis argues that average rents in London have risen by just 2% since 2006, while sold prices have escalated by 55%.
Ranked: The top ten risks to the global economy in 2019
The Economist Intelligence Unit identifies and assesses the ten most pressing risks to the global political and economic order.
‘Bad news continues’ in Prime Central London
Prices and transactions down in a 'weak' start to 2019, reports London Central Portfolio; uncertainty in the capital has now 'permeated to the rest of the UK'
Voluntary Mansion Tax: RBKC looks to follow Westminster’s lead
Kensington & Chelsea to launch consultation on tax experiment pioneered by Westminster last year, asking high-end homeowners if they would like to 'contribute a little more to the borough'