The Market
‘A corner has been turned’: Why I think the London market is set for a successful year
Significant deals are being agreed as realism about the present combines with optimism about the future, writes James Bailey
London rental price inflation in 2017 was the lowest since 2010
London is driving a national deceleration of rental price growth, says the ONS; private rents in the capital increased by just 0.4% in the year to December 2017
The UK average property price held steady in November, but London saw a 1% drop
Prices across the country have risen by 5.3% in the last year, according to the latest UK House Price Index; Meanwhile, in London, the number of completed house sales in September 2017 fell by 21.
Developers reluctant to take a swing in super-prime Surrey
Stock shortage predicted in St George's Hill and Wentworth as development plots fall out of favour with high-end housebuilders
Government launches review into ‘hundreds of thousands’ of unbuilt homes
Expert panel led by Sir Oliver Letwin to investigate gap between permissions and completions
Regions stay positive while London’s priciest boroughs continue to suffer
LSL/Acadata December index records double-digit annual price falls in Westminster, Hammersmith & Fulham and Wandsworth, with Kensington & Chelsea not far behind;
‘No rush to come to market’ across the country so far this year, but Central London asking prices are on the up – Rightmove
"Key [market] metrics are broadly consistent with the same period last year", says the property portal
Rents rise as stock levels – and new landlord acquisitions – drop
London goes from having the slowest rate of rental growth in England to the fastest, says Countrywide
‘20% of landlords plan on selling up’ over tax changes
"Those who earn their income through property will pay significantly higher tax bills" as a result of recent tax reforms, says the NLA.
Market Snapshots: Prime regional towns & cities
Carter Jonas surveys local property markets in: Basingstoke, Bath, Cambridge, Harrogate & Leeds, Marlborough, Newbury, Oxford, Winchester and York.
This is how far sales volumes have fallen in London since 2007
ONS data puts 2017 total at practically half pre-recession levels
‘Eye-watering’ reductions in London’s ‘marzipan layer’
Prices slashed on nearly half of all London homes in the £1m-2m range, with discounts of up to £900k in "extreme" cases...