The Market
Three reasons why UK house prices have become detached from earnings
As we learned this week, home ownership is tumbling across the UK - the last Conservative regime has a lot to answer for, says Trevor Abrahmsohn...
Reactions: Bank of England cuts interest rates for first time in seven years
In a universally-expected move, the Bank of England has halved the Base Rate to an historic low of just 0.25% and renewed some quantitative easing. The BoE's interest rate had been at an already low 0.
Q2 Review: Prime London’s rental market recovers from the post-referendum dip
The prime London rental market has not escaped the uncertainty which has gripped the UK economy and housing market in recent months, says LonRes in its comprehensive review of the last three months.
New sales head at Knight Frank Wapping
Lee O'Neill joins from Cluttons
Agency lists ‘Jewel in the Crown’ penthouse at One Hyde Park (with Brexit discount)
How about this. An agency appears to have listed one of the quartet of penthouses at One Hyde Park, seemingly with a chunky 20% Brexit discount.
PCL’s domestic buyers rallied in referendum run-up as overall deal numbers tumbled
As overall deal numbers tumbled, there was "a significant increase" in the number of domestic buyers of second-hand in prime central London during Q2, reports Strutt & Parker, as just shy of 33% of residential…
Q2 Review: Transactions tanking and buyers negotiating as prime London hits the brakes
The prime London sales market in 2016 has been "significantly distorted" by both the referendum and the introduction of the 3% stamp duty levy for additional properties in April, notes LonRes in its authoritative…
Brexit vote ‘has been a trigger to make overdue reductions to asking prices’ – Knight Frank
For all the catastrophising Brexit-bating headlines, it's stamp duty that's really sculpting today's prime central London property market, says Knight Frank as it tells of a 1.
Currell hires ex-Colliers man to drive east London expansion plans
Currell has hired Matt Cobb as Director of New Homes to spearhead an expansion of the business across east London.
London-national price gap ‘has closed significantly’ – but it’s just statistics
The average London property price in May (£472,163) was around double the England & Wales average (£221,832), according to the latest batch of stats from the Land Registry and ONS under the still-experimental…
London house prices to drop 5.6% next year as safe haven status ‘is under threat’
The housing market across the UK "will slow but not plummet" over the next 18 months, predicts the Centre for Economics & Business Research, but London is in for a more harsh adjustment next year;
Where in the UK has the level of home ownership dropped the most?
There rise of renting at the expense of home ownership in London is pretty well documented, but a new report indicates that it's not just a problem for the capital...