The Market
‘Proud to pay more’: Most HNWIs want higher wealth taxes, say millionaires
'The true measure of a society can be found, not just in how it treats its most vulnerable, but in what it asks of its wealthiest members,' say Patriotic Millionaires Marlene Engelhorn and Stefanie Bremer
Prime London Property Market Snapshot: Week 02, 2024
It has not been a busy start to the year for most of prime London's property market...
Only one region in England & Wales is showing positive annual house price growth
Average annual price decline is easing, reports Acadata, but transaction volumes are running worryingly low.
Midtown, City & East London markets holding up despite buyer caution
Sellers recognised the change in sentiment last year and responded with realistic pricing, reports Hurford Salvi Carr, while buyers competed for 'best-in-class' options.
‘The outlook has become more positive’: Knight Frank hikes UK house price forecasts
Top-flight housing market analysts have dramatically raised their expectations for house price growth this year, revising the 2024 forecast up from a -4% drop to a +3% increase.
Rightmove reports ‘tentatively promising’ new year start as buyer & seller activity jump
20% more sales were agreed in the opening week of this year than in the same period last year, while the traditional January asking price rise is more than double the 20-year average.
UK government mulls tax hike for foreign property owners
'It’s striking that other open trading economies have significant restrictions or significant tax penalties or tax takes on overseas property owners,' says levelling-up secretary Michael Gove as pre-Budget r…
Monday Market Review: Key figures & findings from the last seven days
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Rightmove, Knight Frank, Zoopla, Hamptons, Oxford Economics & more...
‘Pressures on the rental market show few signs of abating’ – Hamptons
Estate agency expects the average rent bill across Great Britain to rise by another 7% this year, followed by 5% in 2025 and 5% in 2026.
‘Street vote’ planning referenda could allow building extensions up to seven storeys
'The value of property may increase as a result of a street vote development order, so there is an incentive for homeowners to work with their neighbours to prepare one,' says Michael Gove's Department…
Buyer demand ‘tracking 14% ahead’ of early 2023, says Zoopla
'The start of 2024 has been far more positive than this time last year,' notes one estate agency boss.
Rents continue to rise but ‘we are past peak growth’
Fine & Country boss Nicky Stevenson shares her overview of the prime rental market at the start of 2024.