The Market
PCL market suffers a setback as recovery stalls
Prices and transactions slipped back in Q3, reports JLL, with annual deal numbers now at their lowest ebb since 2009
The state of London’s new-build market in four graphs
Latest quarterly survey reveals a record number of unsold completed units, and a slowdown in construction starts
Gazumping levels drop across the country – but soar in London
One in four UK buyers has been gazumped in the last year, says Emoov; that figure rockets to two out of three in the capital
Raynsford Review: A 24-point plan to fix the ‘chaotic patchwork’ planning system
"Planning in England is less effective than at any time in the post-war era", declares Nick Raynsford's team in the first comprehensive review of the planning system for a generation
Stamp duty receipts up on Q2 but down on last year as Hammond ‘misses a trick’
Latest statistics from HMRC show overall SDLT receipts in Q3 were up by 14% on Q2, but down 9% on the same period last year...
Major planning applications in Westminster slump by over 40%
Brexit uncertainty and the resi market slowdown are quelling developers with grand plans, says Westminster Council
London’s super-prime market holds steady; pent-up demand building
Despite intense political uncertainty, transactions above £10m are only marginally down on last year, reports Knight Frank, and activity levels look to be on the rise as vendors over-compensate on pricing...
Talking Heads: Could Westminster’s latest policy shift reshape the PCL landscape forever?
As Westminster Council moves to limit the size of new homes to 150 square metres - the latest in a series of policy changes designed to temper the super-prime sector - we asked some of the most experienced…
The national average asking price is lower than it was a year ago; the first annual drop since 2011
It's "an early Christmas gift for buyers", declares Rightmove, as asking prices see the biggest November fall since 2012
Market Snapshot: Jersey’s HNW appeal channels prime price growth
HNWI influx drives an 84% jump in £1m+ residential property transactions
Government rejects call to cut VAT on listed building repairs
HM Treasury makes "deeply disappointing" arguments for keeping full-rate VAT on listed building repairs and alterations, says the Listed Property Owners' Club
Properties are taking six days longer to sell than they were a year ago
It takes an average of 102 days for a property to attract an offer, up from 96 days in 2017. In London, it takes an average of 171 days for a £1m+ home to go under offer...