Why 2020 looks like a very bumpy ride for residential landlords
With a raft of legislatory changes looming in the months ahead, it’s likely that more landlords will decide to jump ship and sell up, writes Joanne Young…
The total value of UK housing has soared by 46% in the last ten years
The combined value of UK homes has escalated by £750m a day since 2009, says Savills…
Prices for best-in-class PCL stock could soar by 10% this year, warns buying agency
The latest set of estate agents’ forecasts are ‘too conservative’, suggests Black Brick, noting that vendors are already toughening up their stance; Mayfair, Kensington and Belgravia expected to recover first…
London leavers are getting younger and moving further away
4% fewer Londoners moved out of the capital in 2019 compared to 2016, says Hamptons International. But the average age of a London-leaver is falling, reaching a record youthfulness in 2019…
UK house prices are ‘in sync’ with incomes – except in London
The UK’s average house price to earnings ratio stands at 10.7, compared to 18.0 in London
2020 Vision: Luxury property trend predictions for the year ahead
Prime resi insiders weigh-in on the big property market, design and lifestyle trends for the next 12 months
Scotland clamps down on short-lets
Councils to be given new powers to tackle issues caused by the massive growth in homes being offered up as short-term accommodation; ministers also ‘carefully and urgently’ considering further tax changes
Buyers are getting angry again – the market must be turning…
If there is a sure sign that the housing market is really turning a corner, it is the return of ‘real emotion’, says Nicolas Pejacsevich
Ten interesting stats about the property market in 2019
Fridays are the busiest days for moving home; the average UK home-mover moves just nine miles away from their previous property, and London accounted for more than 12% of all home-moves in 2019.
Important Palladian mansion was Ireland’s biggest recorded sale in 2019
Castletown Cox in Co Kilkenny has been described as ‘Ireland’s most beautiful house’
PCL vendors held back in Q4, but activity is now likely to pick up
It was a subdued end to the year for Prime Central London’s property market, reports Knight Frank in its Q4 sit rep, with 17% fewer £1m+ properties listed for sale in November 2019 compared to the same month in 2018. Price growth is likely to remain muted in the short term, predicts the team, but sales activity is likely to pick up…
Javid confirms Budget 2020 date: Wednesday 11th March
The new Government’s first Budget will be delivered on 11th March 2020; it will “usher in a decade of renewal” says Chancellor Sajid Javid.