The Market
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...
PCL lettings market becoming more attractive for investors
Total returns look set to rise, says Knight Frank, as rental values bottom out...
Watch: LonRes & Co feat. Edward Hall of John D Wood
John D Wood's Edward Hall in discussion with LonRes' Head of Research, Marcus Dixon
Fulham is ‘repositioned as a value location’, as outer prime London price drops outpace PCL
“The prime central London market may be bottoming out," says Savills' research chief, "but we don’t expect a return to growth until there’s greater clarity regarding the Brexit process".