The Market
Shore Thing: A deep-dive into prime waterfront property markets
Demand for waterfront homes remains buoyant in the UK and overseas, reports Knight Frank, with new analysis revealing average price premiums in these exclusive locations, alongside some of the key trends…
Gove: ‘We should relax the pace’ of home energy efficiency drive
Housing Secretary says his Housing Department is 'asking too much too quickly' of landlords to improve EPC rating; Prime Minister doesn't want to 'hassle' people with energy efficiency upgrades.
‘A subdued market struggling with uncertainty’: Transaction pipeline shrinks as affordability bites
Despite tentative signs of recovery at the end of Q1, new data confirms a slowdown is well underway as consumers 'struggle to progress planned home-moves amid continued cost of living pressures'.
Resi development land values fall, but market activity is ‘picking up slowly’
'Some of the major housebuilders are cautiously returning to the land market,' says Savills - although 'many are still largely out of the market.'
The Guardian: MPs must close loophole to drive out dirty money from UK property
'The job must not be half-done,' warns The Guardian, as an important piece of legislation is put on ice for the Summer holidays.
Marcus Dixon: In the eye of the mortgage storm
JLL's research chief looks into the repercussions of high and rising interest rates for residential property investors and their tenants.
Average asking rents are now a third higher than before than pandemic – Rightmove
"Despite quickly rising prices, rental homes are continuing to let at speed and many landlords are still being met with long queues of prospective tenants wanting to view and rent their property," says…
‘This is not yet a market in free fall’: Nearly 70% of all properties listed have sold so far in 2023
Reports of the market’s demise may well be greatly exaggerated, says TwentyCi, as latest data shows a 'remarkably resilient' performance in Q2.
Scarcity of stock fuels global prime residential rental price growth
'We expect rents to continue to outperform capital values for the remainder of 2023 and in the medium-term,' says the head of Savills World Research.
‘No sign yet of fundamental change in market conditions’ – Propertymark
'It is clear that a core portion of the country are still looking to get moving and are not put off by current conditions,' says Propertymark.
Industry Reactions: UK HPI shows no change for the average house price in May
The annual rate of property price growth slowed from +3.2% in April to +1.9% in May, according to the UK's official House Price Index.
Prime resi price growth slows across global cities
Dubai takes the lead for prime residential capital value growth in the latest Savills index.