The Market
“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:
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.
Resi construction credit crunch “far from over” as lending shrinks 10% in five months
Lending for residential property construction has dropped by 42% over the last three years, and by 10% since Help to Buy launched in April, according to law firm EMW.
London councils challenge office-to-resi rights
Camden, Islington, Lambeth and Richmond councils are limbering up for a High Court challenge to permitted development rights that allow the conversion of office space to residential use.
Resi sales sector “taking no notice of the approaching holiday season” – Cluttons
Over a third of tenants actively looking to buy a home are doing so because they are anxious to pre-empt further price rises, says Cluttons in its latest tome.
Resi development land values post another rise as developers look beyond “oven-ready” sites – Knight Frank
Resi development land values across the UK (excluding London) recorded another three months of "convincing" growth between July and September, according to Knight Frank's latest findings.
Understanding affordable housing provision in prime London
Within the context of prime and super-prime residential development, affordable housing is a complex matter and one that most developers will need to address at some point or another.
PCL price growth slows (+0.6% in October)
It looks like the predictions are already coming true...
Viewings up 20% but beware of the “zombie market” – D&G
What do you get when you cross a 20% rise in viewings with a 22% decline in available stock? Small but steady price rises, says Douglas & Gordon's Ed Mead in the firm's latest market update...
Not For Sale: The art of the direct approach
With some agents reporting eighteen buyers per instruction*, competition for "best in class" has never been tougher.
UK has highest property tax rate in the developed world: The full story
Making property taxes fair both politically and economically is no simple task; should tax aim to reduce housing demand or increase housing supply?
Policy Exchange's comprehensive "Taxing Issues?