The Market
Industry Reactions: BoE cuts interest rate to 5%
Property industry insiders express relief at the first base rate reduction in more than four years.
Waterside price premium dips for the first time in five years
Jackson-Stops suggests there's 'a unique opportunity for buyers this summer' as waterfront property values fall.
Ranked: Britain’s most expensive seaside locations in 2024
'The pandemic trend of more people looking to coastal areas over cities has been reversing,' says Rightmove, as Devon sinks down the list of most searched-for locations.
Discounts shrink on prime London property as transactions rise
There are still 'good deals to be had' in prime London, says Coutts Bank, as demand, supply & prices climb.
Jo Eccles: On buyer sentiment post-election
The mood has been buoyant in Prime London since Labour took the keys to No. 10, reports buying agency boss, with many purchasers now deciding to press ahead.
Government confirms the end of non-dom status in April 2025
The Treasury has revealed measures to clamp down harder on international wealth as it aims for a tax regime that 'is both fair and as competitive as possible.'
Prime country market in limbo as buyers & sellers take a break
Question marks over interest rates & the new government's tax plans are combining with the traditional seasonal lull to keep a lid on activity.
NPPF consultation opens as Rayner reveals ‘decisive’ overhaul of the planning system
Property industry reactions: Deputy Prime Minister says changes to the planning regime 'correct the errors of the past and set us on our way to tackling the housing crisis.'
Mind the Gap: New research shows impact of the Elizabeth Line on house prices & supply levels
CBRE is expecting a 'sustained premium' for homes along the line, especially for those further out which have seen the biggest reductions in journey times.
Prime London Property Market Snapshot: Week 30, 2024
New LonRes data tells us that 23% fewer sales were agreed last week than in the previous seven days, and 26% fewer than in the same week last year.
London property developers ramp-up site acquisitions
'We are seeing a greater depth of appetite for development opportunities after almost two years of suppressed activity,' says the Savills London Land team.
House prices ‘on track for a 2% increase’ this year as sales activity picks up – Zoopla
Property portal expects 'a positive second half of the year for market activity more than house prices.'