‘Remarkably resilient’ UK housing market continues to mark time
Prices rose for the second month in a row in October, report LSL & Acadata, but not by enough to turn the annual figure positive
‘A clear swing towards hesitation for prospective sellers’ as new listings slump by 15%
Rightmove has just recorded the largest year-on-year slump in new property listings since August 2009, with 15% fewer homes listed for sale this month compared to the same period in 2018.
Pryor Predicts: How next month’s General Election might affect house prices in 2020
A Conservative majority is the only scenario that will lead to positive house price growth in 2020, predicts buying agent and market pundit Henry Pryor
Tories promise business tax cuts
Boris Johnson promises to deliver a “£1 billion boost to business” by trimming four taxes. But a previously-mooted cut to Corporation Tax will not happen.
Mansions now 40% off in ‘all-star bargain’ St George’s Hill
Buying agency looks at where domestic and overseas purchasers can get the biggest bang for their buck…
New housing supply hits a 30-year high
9% more homes were added to England’s total housing stock in the 12 months to March 2019 than in previous year. 241,130 is the highest number of new homes since official records began in 1991-92.
Westminster approves its 20-year ‘blueprint for development’
Westminster City Council has voted to approve its new “City Plan 2019-2040”
New-build buyers retain love for period style
Over three-quarters of UK adults would want to see period style features in their new-build home, according to research by Jackson-Stops, with bay windows, grand fireplaces, country kitchens and high ceilings topping the list…
‘Buyer & seller activity remains in a holding pattern, hampered by political & economic uncertainty’ – RICS
“Given the upcoming general election next month, it appears unlikely that these trends will pick-up to any meaningful extent over the remainder of this year”, warns the RICS’ Chief Economist
Demand remains resilient, reports Taylor Wimpey, as construction cost inflation softens
Construction cost inflation is likely to ease in 2020 and the mainstream property market is proving resilient in the face of uncertainty, says housebuilder Taylor Wimpey, but there is “increasing customer caution” in higher-value markets in London and the South East
PCL prices are likely to rebound next year, rising 20% by the end of 2024
Prime Central London is set to become one of the UK’s strongest-performing markets, predicts Savills, flipping a trend seen since 2014. But mainstream London is in for meagre growth of just 4% over five years.
UK house price growth sticks at 1.3%
The latest official UK HPI property price inflation data tells of a 0.2% fall for house prices in September, leaving the annual change at +1.3%. London’s average price dipped by 0.1% last month.