The Market
Lucian Cook’s six key themes for the resi property sector in 2017 and beyond
"Expect the unexpected" says Savills, but "life in the property world goes on" despite 2016's series of seismic shocks
US house prices top 2006 peak
...as global house price index records highest rate of growth for two years
London property’s ‘downward momentum looks to have eased significantly’ – RICS
Supply of available property for sale continues to stagnate across the country
They don’t ring a bell at the bottom of the cycle, but if they did, the sound would be deafening
'Excess supply will be slowly absorbed and this could possibly herald the low point in the market, with only an upward direction in values as the next predictable change'
PCL transaction volumes stabilise as vendors get real
Levels still 25% down on the same period last year
House prices around Crossrail stations have increased by 22% in the last two years
Lloyds tracks average property price inflation around Elizabeth Line stations ahead of maiden service next year
Super-prime new-build sales plummet
Analysis of Land Registry data suggests just nine £5m+ new-build properties were sold between May and October
‘Unprecedented slowdown’ for Prime Central London property – Cluttons
Five-year property price inflation in PCL to "touch 7.7%, down sharply on the 35.7% rise recorded between 2011 and 2016"
London-based US bankers in bonus boost
City workers at US lenders are generally granted a dollar amount, paid out in sterling
‘Most major central London schemes will comprise a PRS component’
Knight Frank predicts dramatic increase in number of Build to Rent developments after Mayor Khan unveils major changes to planning guidance
Company’s House: To de-envelope or not to de-envelope?
The need to know on corporate structures ahead of yet more upheaval next year...
London is ‘a top destination for money launderers’, with no data on real owners of most foreign-firm owned property
Most foreign firms owning London property are registered in tax havens, say Transparency International and Reuters