The Market
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.
Apprentice star’s agency opens fourth office in four years
Jamie Lester's Haus Properties is launching another office in leafy Fulham, taking its tally of branches in the capital to four.
RBKC serves record number of stop notices
The Royal Borough's planning enforcement team is one of the most active in the UK, according to new figures released by the Department of Communities and Local Government.
Is this the West End’s ultimate fixer-upper?
A project on Charles Street with a particularly colourful past is being billed as "the West End's ultimate fixer upper opportunity".
The first floor apartment at Number 6 is being offered up at £1.
Vendors bearing the brunt of extra stamp duty costs – LonRes
With 83% of agents in its autumn survey reporting that changes to stamp duty have had a detrimental effect on their local markets, and a net balance of respondents noting falling levels of activity…
Bubble Watch: A field guide to the world’s most over-valued property markets
The "majority of world cities are significantly overvalued" says UBS in its Global Real Estate Bubble Index, as it charts the imminent risk of price drops in key global hubs.
Introduction
Insurers call for traffic-light flood risk info on all property ads
The Association of British Insurers has called for a traffic light system to be introduced on property adverts and particulars to clearly display the potential flood risk.
Carrington on Q3: A vendor should not expect to see a 10% annual appreciation on their asset any more
The old argument of prevailing market conditions just being the natural forces of supply and demand doesn’t wash when the outlier that is the massive influx of overseas investment tips rising house prices…
Uh Oh We’re In Bubble: London is the most over-valued city in the world – UBS
Property prices in London and other global financial centres "are now, in many cases, fundamentally unjustified," says UBS. "The risk of a real estate bubble in these cities has risen sharply."