The Market
Mortgage lending jumps by 5% in a month as market steadies
Gross mortgage lending reached around £19n in October, estimates the Council of Mortgage Lenders.
Strong start for Derwent’s Art Deco cinema conversion
Derwent London's redevelopment of a former cinema on Queensway has got off to a flyer, with 50% of the units selling within the first two weeks of launch.
‘Use the current economic sunshine’ before the next global slump in 2018 – Grosvenor
The UK is on track to be hit by another downturn in real estate markets in 2018, just after the US, claims Grosvenor's Group Research Director Graham Parry.
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.
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...
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.
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…