The Market
Cut The Red Tape: Why London’s developers are stuck between a rock and a hard place
The capital's residential developers are finding themselves in an impossible situation;
72% of UK buyers paid under asking price in the last year – Rightmove
72% of buyers paid under the asking price for their new home in the last year, while 7% paid over and 21% paid on the money, according to a survey by Rightmove.
Lending Curbs: Is now really the time for action?
It's not as if lending institutions are throwing money at consumers; if anything, they're taking too long to process mortgage offers and putting a lag on responsible transactions, says Trevor Abrahmsohn...
Price rises relax; May sees +0.4% – Land Registry
House prices rose by a relatively gentle 0.4% in May, with 72,450 sales ranging from £7,000 to £39m. The annual price increase now stands at +6.
PCL values plateau as buyers apply the brakes; price accordingly if you want to sell – Savills
"The prime London markets have all become more price sensitive", summarises Savills' Head of Research Lucian Cook in the firm's latest residential update.
Hamptons throws two launch events for Canary Wharf
Hamptons International is planning a couple of shindigs to make sure its new Canary Wharf branch goes off with a bang.
The new offering on South Colonnade will host two events;
Capital Loss: Why a mansion tax could spell disaster for the entire London property market
Despite this week's proposed rejig by Labour, the introduction of a so-called mansion tax would have a disastrous effect on the London property market as a whole, not just above £2million, argues…
Quarter of all RBKC stock now reduced from original asking price
Delving deep into the Lonres data vaults, Westbourne Grove-based agency Crayson has been reviewing the Spring term across its key Kensington, Holland Park and Notting Hill patch with some very interesting…
Number of ‘mansions’ in the UK has doubled in five years – Knight Frank
Knight Frank has been having a think about Ed Balls' latest proposals, and highlighted what could very well be the first case of fiscal drag before the introduction of a new tax.
Prussian princesses, hidden jewels, royal servants: Kensington house with incredible back story hits the market
If your clients are after something with a 'story', then this house just around the corner from Kensington Palace could be just the ticket.
Balls details plans for mansion tax on ‘ultra-high-value’ £2m+ homes
"How can it be right that the foreign buyer last month of a £140 million flat in Westminster will pay just £26 a week in council tax — the same as the average-value property in that council area?
PCL/Fringe price difference has halved since 2008
Luxury new-builds in the capital’s prime fringes - led by the City - are catching up fast with prime central London prices, says CBRE in its latest research offering.