The Market
Interest rates to stay low for longer – BoE
The Bank of England’s Monetary Policy Committee (MPC) has voted by a majority of 8-1 to keep the Bank Rate at a deeply low 0.
Increased costs weighing heavy on overseas buyers but Christmas will draw out some serious vendors
While lots of vendors take their properties off the market during the festive season, those who don’t are likely to be extremely serious about closing - giving buyers the opportunity to snap up a bargain,…
Four Bayswater buildings snapped up for £30m in ‘old-fashioned’ off-market deal
40 serviced apartments bought by Qatari investor...
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.
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…
‘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.
Engine rooms of South East and East leading UK house price growth
House prices in Greater London will end the year up 5.1% on an annual basis, Strutt & Parker has predicted, a rate of growth outstripped by the East of England (7.1%), the South East (5.