The Market
‘Rotation away from the capital’ as property market responds to BoE rhetoric
"The overarching picture is a rather more balanced one this month" says the latest RICS Residential Market Survey, although prices are still on the up and demand is still outstripping supply.
‘Buyers are at last enjoying some choice’ – D&G
"It looks like it could be a busy Autumn" says Douglas & Gordon in its latest market barometer, as London's supply/demand imbalance starts to, well, balance a bit
Scottish prime hesitates as referendum looms
After three quarters of growth in a row, there was no change in prime Scottish house prices in Q2, says Knight Frank, leaving annual growth at +2.8% as the market eyes up the looming independence referendum
King’s Road scheme blocked over affordable housing provision
The Planning Inspectorate has upheld a decision to refuse permission for a new scheme in Chelsea, on the grounds that it didn't provide enough affordable housing.
68% of LPAs to miss April’s CIL charge date; ‘a significant impact on the delivery of housing’ likely
68% of local planning authorities won't have a CIL charge in place by the time Section 106 restrictions come in in April 2015, say Savills and the Federation of Master Builders
Average UK prices breach 2007’s peak
After a 1% rise in June to take the annual increase to +11.8%, average UK property prices have now breached their 2007 peak, says Knight Frank
Spike in number of consumers predicting >10% house price growth
EXCLUSIVE: People are getting more bullish about big house price rises over the next 12 months, according to a new survey by Rightmove
Marylebone now a ‘top three’ location as rental values surge
The capital's lettings landscape appears to be undergoing some pretty significant changes right now.
‘Market forces are alive and well’ as PCL self corrects – Knight Frank
After 44 months of on-the-trot growth, prime central London is beginning to moderate itself says Knight Frank, as prices continue to rise but exchanges, viewings and new applicant numbers fall compared…
Capital Gains Tax for non-residents: ‘There are better ways’
"The Inland Revenue has not thought through the intricacies and practicalities of implementing " says Mishcon de Reya's Andrew Goldstone in the law firm's response to the Government's CGT consultation.
Are we finally seeing the return of the big spenders?
Super-prime buyers are coming out of the woodwork at last, says Trevor Abrahmsohn...
Resi developers shell out as Met Police offloads ‘under-used’ buildings
By selling off 32 sites across Greater London last year - including a number of police stations - the Met Police has been praised for generating a handy £125m to reinvest back into frontline policing. T