The Market
Buy-to-let purchases drop as landlords ‘hibernate’
Investors are buying fewer rental properties than at any time since 2010, according to fresh Hamptons data.
London’s property market is ‘back in balance’, says Foxtons
Estate agency reports 'a return to normality' for the capital's property patterns following the pandemic's upheaval.
Residential rents continue to climb across Europe, despite falling property prices
'The gap between rents and values shows no signs of closing', says Catella.
New consultation pitches five options to cap ground rents for existing leaseholders
Michael Gove wants opinions on how best to change the ground rent system 'so leaseholders are not exploited any longer and can take back control of their own destiny.'
Property market turns ‘slightly less downbeat’ – RICS
The pace of house price declines 'has levelled-off in recent weeks', reports the Royal Institute of Chartered Surveyors.
Resi development land values hit by housing market slowdown & rising costs
Buyers are 'cautious, selective and risk-averse', reports Savills.
Leading economists expect ‘decade-low’ mortgage growth into 2024
'As mortgage rates reach their highest since 2008, economic growth remains subdued and weakening housing market sentiment drives down demand,' says the EY ITEM Club in its latest forecast.
Prime London rental growth returns to single digits as market ‘re-balances’
There was no monthly change to average rents in either PCL or POL in October, the first time they have been flat since April 2021.
Prime London Property Market Snapshot: Week 44, 2023
There's been an upturn in new sales and rental deals across prime London in the last week, although activity remains below previous years' levels.
PCL market to avoid price falls in 2024 & see five-year growth of 18.7% – Savills
Prime Central London is a ‘buy', says agency, as latest predictions show UK's high-end markets bottoming out next year and recovering more quickly than the mainstream.
Property Industry Reactions: King’s Speech confirms leasehold reform agenda
King Charles confirms a Leasehold & Freehold Bill will go before Parliament, with a view to banning leaseholds for new houses, and increases the standard lease extension period from 90 to 990 years.
New conveyancing rules promise to ‘modernise’ property exchanges
The Law Society's new draft code of practice aims 'to remove the uncertainty around exchanging contracts for commercial and residential property by allowing [conveyancers] to use new technology to conduct…