The Market
Market Snapshot: Mayfair
How have transactions and prices been holding up in the most exclusive of London enclaves?
Average mortgage payments as a proportion of income have dropped from 43% in 2008 to 31% in 2018
'Owning a home with a mortgage now more affordable than 10 years ago', according to mortgage firm Private Finance, despite house prices soaring by 29%.
The number of £1m+ homes Britain ‘has fallen by 35,000’ in the last year
Guildford, Cambridge & Sevenoaks are Britain's top towns for property millionaires, says Zoopla, while over half of the homes in Kensington & Chelsea are worth more than £1m.
Transaction numbers hold up – ONS
Official figures indicate that the monthly volume of residential property transactions is now close to the ten-year average, with little change over the last year.
Bumper start to 2019 for Chelsea stalwarts
Letting division of venerable PCL agency Russell Simpson reports busiest January in recent years, with deals up fourfold on 2018
Why interior design of the future will seem like magic
Newcastle University's Sara Nabil explores how new technologies are shaping the homes of the future - and could revolutionise our approach to interior design.
BTL investors look north in search of returns
8,279 properties were sold to landlords with buy-to-let mortgages in northwestern England last year, according to Savills, putting the region ahead of London (8,263 sales) and the South East (8,009) in…
London’s property ‘flippers’ forced to sell at a loss
The FT reports on investors being caught out in the capital's off-plan market...
Surveying the shape of Britain’s development finance market in 2019
'If the figures add up, there is finance available', says Enness Group's CEO Islay Robinson - despite current economic uncertainty and the UK's development finance scene having seen some big shifts in…
Home-mover & buy-to-let lending falls as remortgaging booms
10.8% more homeowner remortgages were completed in 2018 than in 2017, says UK Finance, while 11.5% fewer new buy-to-let and 1.9% fewer new home-mover mortgages went through.
Westminster’s ‘voluntary mansion tax’ brings in over £600k
'The hundreds of thousands of pounds being allocated today shows that wealthy householders do care', says council, nearly a year after launching its 'ground-breaking' tax experiment
Proportion of international buyers in PCL hits six-year high
57% of the homes sold in London's priciest postcodes during H2 2018 went to overseas purchasers, reports Hamptons International, the highest level recorded since H2 2012;