The Market
Periphery Vision: Inner commute areas to outperform as prime markets languish
The future looks pretty bright for property prices - as long as you're not banking on central London performance - says Savills in its big round of forecasts.
‘This is a tax raid’: High earners should check pension plans before this month’s Spending Review
Britain’s higher earners should consider reviewing their pension tax relief strategy “sooner rather than later”, warns deVere Group's CEO Nigel Green, as Chancellor George prepares to wield a sharp…
Local councils forced to spend £450m ‘topping up’ planning fees
Stretched planning departments have had to be "topped up" to the tune of £450m over the last three years to cover the cost of processing planning applications, a new study has found.
Property price growth eases up in prime global cities
The rate of annual price growth in prime global cities has crumbled in the last two years, from +7% in Q3 2013 to just +1.9% in the year to September 2015, according to the latest Knight Frank Index.
Bubble Watch: London’s property market is approaching ‘exuberant’ critical value
Deutsche Bank recently called time on London's property boom, and UBS has named the capital as the most over-valued property market in the world, at severe risk of bubbling.
Russell Simpson ramps up lettings department
Long-standing Chelsea-based independent Russell Simpson has doubled the size of its lettings division with two new hires.
Cash Mob: Two out of five deals go to cash buyers – Hamptons
Across England and Wales, cash buyers accounted for two of every five transactions; a total of £420,000 cash deals were done in the year to March, with a combined value of £110bn.
Transaction slump deals a blow to Countrywide’s profits
Countrywide has reported an 11% yearly fall in pre-tax profits in the nine months to September, after the anticipated post-election recovery in transaction volumes "failed to materialise in any significant…
30% fewer buyers in PCL as price growth drops to six-year low
The number of new prospective buyers in prime central London was -30% down in the three months to September compared to the same period in 2014, says Knight Frank, as prices and transaction levels fall…
Prime central London rents drop as tenancies slide by 12%
The number of prime central London tenancies agreed in September was 12% lower than the same month in 2014, reports Knight Frank, as rental values dropped by 0.5% in October.
Steady five years ahead for the UK market; ‘uneasy’ PCL to rebound in 2018 – JLL
A strong and stable domestic economy will underpin the UK housing market over the next five years, says JLL in its latest batch of forecasts, while London looks set to come under increasing pressure.
Digging Deep: Buyer bids £150k for unexcavated basement
A buyer has just shelled out £150k at auction for an unexcavated basement in London's Bloomsbury.