The Market
Tax chatter provokes the big £2m+ sell-off
All this talk of mansion tax is already prompting owners of £2m+ properties to sell up, reports WA Ellis, with an abnormally high number of these instructions recorded in September.
£1m+ sales up by 35%
The top line news from the latest Land Registry report shows increased demand for prime homes, with the number of properties sold for over £1m in June 2012 increasing by 35% to 647, from 478 in June 2011.
Chestertons appoints new Kensington High Street sales director
Adam Moorhouse
Chesterton Humberts has appointed Adam Moorhouse as the new sales director of its Kensington High Street office
September bounce in house price sentiment
People think their homes fell in value again in September, but there's a silver (well, more bronze) lining: the general consensus is that they dropped by less than in any month over the last two years
London prime property prices top out
Prime property prices in London have breached their previous high, set in March 2008, according to the latest from Knight Frank
Chelsea top of the class as PCL polarises
Savills has reported significant polarisation within the prime central London market, with only a third of properties showing any price growth in the last three months
Autumn: “the new Spring” for property sales, but it’s an eBay market
Strutt & Parker are predicting an Autumn surge for the property market, with buyers who were side-tracked by all the fun stuff that happened over the Summer getting back into the groove and househunting…
September stock at highest level since 2008 – Hamptons
The stock of property available for sale is 10% higher than this time last year, and is at its highest point going into September since 2008 according to the latest Hamptons
Forecast: 36% shortfall in London property supply to 2021
Knight Frank's London Development 2012 report predicts that demand for London property will continue to outstrip supply over the next decade, despite a glut of shiny new developments slated for completion…
Native Land and Grosvenor award Alpha Place contract
Native Land and Grosvenor have awarded a £50m construction contract to Sir Robert McAlpine to deliver their Alpha Place scheme on Chelsea Manor Street, London.
Are prime property tax plans brave or misguided?
Lib Dem proposals for a new property wealth tax that would levy an annual charge on owners of prime properties, which Ed Balls last week called "serious", are now being championed by leading housing charity…
RESI 2012 interview: Craig McWilliam, Executive Director, Grosvenor
As the residential property world wends its way to Wales for some conference or other, Craig McWilliam, Grosvenor's Executive Director, shares his thoughts on the industry