The Market
‘London leavers’ spent 29% less on homes outside the capital in 2023
Londoners' spending on homes outside the capital has returned to pre-Covid levels, reports Hamptons.
Spring Budget date set for 6th March 2024
Jeremy Hunt will outline the government's latest round of tax policies in early March, ahead of a probable General Election later in the year.
Tom Bill: Risks change in Prime London’s sales market as the year ends
'The primary risk for London’s prime property market is now political rather than economic,' says Knight Frank's research chief, as he looks back at how 2023 unfolded, and assesses what lies ahead for…
Tom Bill on ‘a year of re-balancing’ in the Prime London lettings market
'2023 was the year the convulsions caused by the pandemic in the prime London lettings market began to dissipate,' says Knight Frank's residential research chief, as he looks back at the past 12 months…
House prices continue to fall despite improving market sentiment
'UK housing still looks expensive by historic standards,' says Zoopla, which expects prices to fall a further 2% in 2024 'as prices and incomes re-align.'
Ranked: The UK’s most expensive streets in 2023
Mayfair's Grosvenor Square claims top spot in annual Halifax rankings, despite a £3mn drop in the average value.
Cliff Gardiner: ‘There is a good degree of industry optimism around for 2024’
The view that things can only get better, shared by many Prime London estate agents, 'is based on the notion that the property market simply cannot continue to stagnate for yet another year,' says BHHS…
‘We expect a minor reduction in property values at worst’: Jackson-Stops agents predict 5% price drops for some local markets in 2024
'The only thing that is certain is uncertainty,' notes Jackson-Stops chairman Nick Leeming, sagely, after polling property market predictions from estate agents around the country.
Abrahmsohn: Let’s hope next year is reassuringly unremarkable
Veteran agent Trevor Abrahmsohn summarises the ups and downs of the last 12 months, and what might lie ahead for the property market in 2024.
‘The urban wonder drug’: 16 priorities & policy recommendations to help ‘green-up’ Britain’s streets
'Nearly everyone agrees, in principle, that urban greenery is a good thing,' says Create Streets, as it outlines a series of practical steps to 'make it the default to re-green our streets and squares'.
UK house prices dipped 0.7% in October; property industry reactions to the latest official data
The property market 'remains a tad lethargic with no real movement planned until the new year comes,' says one estate agency boss after checking the latest ONS/Land Registry House Price Index.
Prime London Property Market Snapshot: Week 50, 2023
2023's seasonal property market slowdown is even more marked than in previous years, according to the latest LonRes prime London data.