The Market
High-End Time: The super-prime buyers shrugging off Brexit uncertainty
Britain's political machine may be stuck in a rut, but the upper end of the property market is still very much moving and some exceptional properties have been changing hands across Mayfair, Chelsea, Belgravia,…
ATED receipts tumble as property owners de-envelope & relief claims escalate
Westminster and Kensington & Chelsea provided nearly three-quarters (73%) of all receipts from the Annual Tax on Enveloped Dwellings in 2017-18
Record rental deal agreed in Camden
£5k pw tenancy signed at the extraordinary Chappell Lofts scheme in Camden Town
Bulk buyers eye Prime London’s apartment blocks
Acquisition agency reports increasing demand for bulk-buy deals and entire buildings as clients sense a 'buying opportunity'
The top end of the Edinburgh property market stirs into life but ennui remains the norm
Savills recently called Edinburgh the "standout star" of the UK prime market, with +7.4% annual property price growth;
Prime property demand builds, but fails to translate into activity in a ‘Brexit-paced’ market
Demand is building in prime regional and prime London markets, says Savills, but prices continue to fall as uncertainty 'dictates the pace'
Ranked: Prime London’s top-performing postcodes
W8 was the hotspot for high-end deals last year, according to granular analysis of Land Registry transaction data across the prime postcodes, with 148 sales registered above £2m;
Country house price growth sinks to a five-year low – but activity picks up
Knight Frank predicts 8.2% price growth for prime regional property prices by 2023, with 'relative value' driving demand in more rural locations this year
Government publishes official guidance on the Tenant Fees Ban
"If the fee you are charging is not on this list, it is a prohibited payment and you should not charge it"
Tenant enquiries surge as renters look for longer terms
KFH reports a 57% jump in online tenant enquiries; finds that 59% of London renters don't believe they will ever be able to buy a property in the capital.
London’s housing pipeline constricts as office-to-resi conversions dry up
The number of office-to-residential conversions in London has fallen by more than 50%, says Knight Frank, driving a 20% reduction in net additional dwellings.
Buyers start moving as demand rises in prime London, but vendors hesitate
Knight Frank reports a 7.5% rise in the number of offers made in prime London, despite fewer properties coming to market.