The Market
Property Industry Reactions: BoE holds interest rates at 5%
Today's unsurprising decision 'suggests that bringing interest rates down will be a test of stamina not speed,' notes Jackson-Stops boss.
Abrahmsohn on non-doms, £50k pw rentals & why October 30th will be a watershed moment
Next month's Budget could send shockwaves through every stratum of the property market, writes veteran agent Trevor Abrahmsohn.
Foxtons reports ‘remarkable’ jump in tenant demand
Yet London rental prices 'remained stable' through the Summer, reports lettings agency.
America’s wealth dominance ‘hangs in the balance’ as global super-rich population booms
It's a "super-rich explosion", declares Henley & Partners, as the number of individuals with more than US$100mn to their name soars - but "the geography of extreme affluence is shifting".
Mega-deals dry up as caution slows London’s top-end property market
You could count the number of £30mn-plus sales that happened in the last year on two hands.
Official Data: House prices rise for sixth consecutive month
Property industry reactions to the latest UK House Price Index, featuring insights from Chestertons, Foxtons, Fine & Country, Propertymark, SPF Private Clients and more.
Emma Fildes: Observations from the field
Market indices have given sellers false hope, reports buying agent Emma Fildes, and there is an air of desperation amongst those who went too big on price before the summer.
Prime London Property Market Snapshot: Week 37, 2024
A flurry of price cuts in the capital's high-value property markets.
Behind the numbers: How many non-doms will be affected by next year’s changes?
Savills estimates that 22,100 non-doms are likely to be exposed to proposed tax changes.
Prime London rents are now more than 30% above their pre-pandemic average
Annual growth moved upwards to 2.6% last month, reports LonRes.
UK market ‘is becoming more free flowing,’ says buying agency – but ‘it is far too soon to call this a full recovery’
'With many buyers spoilt for choice and sellers keen to get a deal done, generous discounts are still achievable for buyers who do their homework and negotiate effectively,' says Garrington.
‘An unsettled summer’: London’s prime sales market slows but ‘underlying demand is holding up reasonably well’
Even by usual summer holiday standards, August was a quiet one in the prime postcodes, reports LonRes.