The Market
FORECASTS: ‘Ugly Betty’ properties, the £2m opportunity, and the rise of rural – Stacks
Property search agency Stacks has canvassed its senior types to come up with a series of mini-forecasts for next year.
Here are some nuggets:
Vendor sweetens penthouse deal with free Lamborghini
The vendor of a $38m Las Vegas penthouse is hoping to pique the interest of high-rolling buyers by throwing in a $250k Lamborghini hyper-car to sweeten the deal.
New-build market above £1m to suffer in 2015 as supply increases – Hurford Salvi Carr
City/Docklands/Midtown-based agency Hurford Salvi Carr has been totting up the price movements across its patch during 2014, and come up with an average increase of 4% on the sales side.
Permitted Development Rights fails to deliver as policy deadline looms
Less than 6% of homes approved through Permitted Development Rights in major London schemes of 20 units or more have actually been delivered, according to some startling new findings.
‘Mini-boom hits a pause’ as asking prices fall – Rightmove
Asking prices have dropped by 1.7% in the last month, says Rightmove, as the traditional winter slowdown kicks in.
This year has seen prices of new instructions hitting the portal rise by 8.
London’s prime resi rental market ‘continues to improve’ – Chestertons
Prime rents nudged upwards in Q3, says Chestertons as the firm forecasts a 3% increase for prime London rents next year.
Q3 saw prime rents rise a touch by 0.
A potted history of the mansion tax in quotes (2009-2015)
The idea of a Mansion Tax has been knocking around Westminster with intent for over five years now, since Vince Cable brewed up a scheme in 2009 to make taxation more fair...
Abrahmsohn on the year that was (and the ‘black cloud’ hanging over 2015)
Glentree boss Trevor Abrahmsohn makes sense of a rollercoaster year in the prime property market, and reveals his much-anticipated predictions for 2015...
This year has been divided into a number of segments.
Black Brick looks to Angola for future HNW clients
Prime central London buying agency Black Brick has given a fascinating insight into its business and market position, releasing an analysis of its property purchase and transaction data since it was…
Who’s just bought New Scotland Yard?
It sounds like JLL has done a sterling job of shifting New Scotland Yard in double-quick time, and there's already been plenty of speculation as to the identity of the £250m site's 'mystery buyer'...
Demand slips for fourth month in a row – RICS
House price growth is back to its May 2013 level, says the RICS, as new buyer demand continued to drop in October.
‘Something of a stalemate’ despite supply hitting a three-year high – D&G
"Politics hasn't completely stymied the market" says Douglas & Gordon, as the agency notches up a 100% increase in new business from August to October.