The Market
“A small amount of froth has come off” house price expectations – Knight Frank
Householders still think that their homes' value is on the up for the next year, but "a small amount of froth has come off" price expectations.
Anti-basement bill gets first Commons reading
A bill designed to put the kibosh on willy-nilly subterranean extensions had its first outing in the House of Commons this week.
Bubblin’ Not: Prime London prices to rise 48.5% in five years, but no bubble ahead
Chesterton Humberts has come out with the most punchily positive property predictions for 2014 so far, but there's no bubble in sight next year, the agency proclaims as part of its five-year forecasts,…
Forecast Watch 2014: UK, +7%; Prime Outer London, +7%; PCL, +4% – Knight Frank
Knight Frank's take on what will happen to property prices next year falls pretty much in the middle of what everyone else is saying, with property "substantially" out-gunning inflation: +7% for average…
“Use By” date mooted for land banks; 23% of planning permissions are on hold or shelved
Nick Boles has laid out plans to set a time limit on planning permissions to put a stop to developers building up "land banks" of undeveloped schemes.
Price Cuts Cut: Volume and level of asking price reductions drop
The number of properties with reduced asking prices has fallen "significantly" over the last couple of years, says Zoopla, from 40% in November 2011 to 31% this month.
Out With the New (World): Global ultra-prime property market slowing
The top-top end of the world's resi property market is calming down, growing more slowly in "new world" destinations as the "old world" takes the mantle for market growth on the back of perceived safe…
Transaction levels hit 5 year high as supply and demand diverge
Resi transactions "saw a big jump" last month, according to the RICS, with the average Chartered Surveyor selling an average of 20.
“Risk of over supply” of London prime property – Savills
There's a "risk of over supply" of new prime property in London, despite the need for 50,000 new homes in the capital's lower-end market, says Savills.
Global luxury property prices stall
It's time to go macro for a bit. Knight Frank has taken its quarterly check-up of 27 prime markets around the globe and reckons price growth has started to stall.
Here's the key findings:
Autumn Statement date set for 5th December
We all know that Christmas gets earlier every year, but that Autumn happens in December is news to us;
Forecast Watch 2014: PCL +3.5%; UK +4.4% – Strutt & Parker
Next year's looking alright for the prime property market, thinks Strutt & Parker, but then it all goes a bit sorry. This year's +6% price performance in PCL will be followed by a 3.