Hong Kong buyers flock to London as unrest continues
Prime London estate agency records ‘an unmistakable surge in enquiries from Hong Kong residents looking to buy property in London’
Peak buying season disappoints as London & SE stay under the weather
National prices edged upwards by the smallest of margins last month, reports LSL & Acadata, but the traditional Spring bounce in activity levels failed to materialise…
No-deal Brexit could knock 10% off house prices – OBR
Government’s independent forecasting body suggests prices and transactions could tumble in the event of a no-deal departure on 31st October…
Deal volumes continue to rise in London’s £5m-plus market
Sales of homes worth £5m or more were up by 12% in Q2, compared with the same period last year, following a 3% increase in Q1…
London property price inflation sinks to its lowest level since 2009
The average property price in London has fallen by 4.4% in the last year, according to May’s official UK House Price Index; that’s the most negative rate since August 2009
Exchange volumes and new instructions rise across the UK
TwentyCi records a 6% uplift in the number of exchanges, and a 2% rise in new instructions, as confidence ‘strengthens’; online agency market share continues to hover around the 7% mark…
Remortgaging jumps by 20%
The increase in May’s remortgaging activity is in line with the initial fixed rate period of mortgages coming to an end, says UK Finance
New leasehold sales tumble
The proportion of new homes sold as leaseholds has fallen from a peak of 15.1% in 2016, to just 4.2% in 2018
Asking prices drop for the first time this year as properties stick on the market
‘Key metrics indicate a buyers’ market in the second half of 2019,’ says Rightmove, as the portal notes ‘tentative signs of the market bottoming out’ in London
University cities out-perform the rest of the property market
House prices in the world’s top 50 university cities grew by an average of 66% between 2009 and 2018, compared to a national average growth of 40%
Greedy fingers are wanting too big a slice of the property pie
Seasoned buying agent Simon Barnes reports on a worrying trend in the PCL market…