UK property price inflation slows to +8%
July say the biggest monthly drop in average house prices since 1992, according to the latest official house price data.
Super-prime buyers trade Knightsbridge & Mayfair for the mansions of St John’s Wood
The market for houses in NW8 has forged ahead over the last 18 months, outperforming every other area of Prime Central London.
Ranked: The UK’s ‘cash buyer hotspots’
Cash buyers have accounted for 27% of sales recorded in the UK this year, according to new research, but the proportion in some areas has reached over half.
Property sales supply is building, but ‘it doesn’t feel like a significant escalation is on the cards’
Home-buying activity should remain “brisk” through to the end of the year, predicts estate agency Knight Frank, but it won’t be as “frenetic” as the first six months.
‘London’s overall influence on the prime market has dropped’, says Rightmove, as Scotland becomes Britain’s fastest-moving £1m+ property market
London now accounts for 40.5% of all seven-figure transactions in the UK, down from 47% before the pandemic.
Heatmapped: ‘Staggering’ regional price growth slackens off
Some of the heat has come out of the UK’s regional markets in the wake of June’s stamp duty deadline, but prices ‘remain resilient in the round’, reports Acadata.
Regional town & city markets shine as buyers seek out ‘best of both worlds’
The race for space is evolving – but where are buyers choosing now, and what are they getting for their money?
Stamp Duty holiday should not have been extended, says RICS
“We would urge the Government to undertake a full-scale review of the current stamp duty land tax system,” says the Royal Institute of Chartered Surveyors.
Sales & new listings dip as property market ‘takes a breather’
House prices “are expected to continue to climb higher over the year to come,” says the RICS, “albeit the pace of increase is likely to subside somewhat in the months ahead.”
Prime market accounting for 12% of London sales
3,381 £1m-plus resi sales were lodged with the Land Registry in the capital during H1, with 117 breaching the £5m mark.
Prime London property market ‘shrugs off’ end of stamp duty holiday
“We can confidently predict a strong end to the year,” says Knight Frank, “just less frenetic than the first six months.”
Nearly three-quarters of sales are going to competitive bids, reports north London agency
‘The reports that the property market reached its peak at the end of the stamp duty holiday are unfounded’, says Arlington Residential.