The Market
50% Off: Knightsbridge agency plans Black Friday fee slash
Beauchamp Place-based Patterson Bowe will be offering a 50% fee discount
Suburban Resistance: How Outer London boroughs turned down 4,160 potential new homes in H1
London's Inner boroughs are granting planning permission for more new homes than all the surrounding Outer boroughs put together, according to new research out today.
The correction in prime central London ‘has already happened’ – W.A.Ellis
The bubble may have burst in PCL but the effect is not as decimating as recent reports from UBS and Deutsche bank might suggest, says W.A.Ellis' Richard Barber...
Prices to rise by 25% in five years as ‘no easing in supply constraint’ – RICS
UK House prices are expected to rise by 4.5% per annum over the next five years, delivering a cumulative increase of around 25% according to the latest from RICS.
RICS Forecasts
The average home now changes hands every 19 years
The average number of years between property sales has dropped from nearly 25 to just under 19 since 2010, with southern homes shifting far more frequently than those in the North.
Property prices to rise by 20% over the next five years – Knight Frank
UK house prices will grow by 20.3% over the next five years, predicts Knight Frank, with prime central London bouncing back after a slow 2016 to deliver +20.
Is the new Electronic Communications Code good news for developers?
Proposed new rules for landowners and developers dealing with on-site telecoms paraphernalia sound like a win, says Thekla Fellas of Fladgate LLP, but there's still room for crossed wires...
Is there a bubble or an outright recession at the higher end of the London market?
There are very few buyers looking above £10m in London these days, either locally or from abroad, says Glentree boss Trevor Abrahmsohn...
What on earth is everyone going on about?
Housing supply jumps 25% as new-builds and conversions soar – HMRC
170,690 new homes were added to England's total housing supply in 2014-15, representing a massive 25% increase in net additional dwellings from 2013-14, according to the latest from HMRC.
Profit blow for Winkworth but ‘improved’ housing market ahead
Winkworth has reported a "particularly slow" year in the PCL market and warned that profits for 2015 will be "slightly below market expectations".
52 units added to Mayfair & St James’s pipeline in Q3
Mayfair and St James’s planning pipeline saw just 52 units added in Q3 2015, according to some new analysis by Strutt & Parker.
237 units are now under construction across the two areas.
Uncertainty has ‘filtered out’ of the prime country house market
Q3 saw a marked recovery in the £2m+ country house market, with transaction levels not far off Q4 2014.