Property demand drops by nearly a fifth
Estate agencies report 19% fewer house-hunters registered per branch in January 2019 compared to January 2018.
Property price inflation slows in UK cities
The average gap between asking prices and agreed sales prices in London has widened from just 1% three years ago to 5.1% today, reports Zoopla.
Ranked: Britain’s fastest selling locations
It now takes an average of 77 days for a property to go under offer, says Rightmove, up from 72 a year ago. The North West has seen the biggest acceleration in time taken to sell a home.
‘Bad news continues’ in Prime Central London
Prices and transactions down in a ‘weak’ start to 2019, reports London Central Portfolio; uncertainty in the capital has now ‘permeated to the rest of the UK’
Market Snapshot: Mayfair
How have transactions and prices been holding up in the most exclusive of London enclaves?
Transaction numbers hold up – ONS
Official figures indicate that the monthly volume of residential property transactions is now close to the ten-year average, with little change over the last year.
BTL investors look north in search of returns
8,279 properties were sold to landlords with buy-to-let mortgages in northwestern England last year, according to Savills, putting the region ahead of London (8,263 sales) and the South East (8,009) in the popularity stakes for the first time
London’s property ‘flippers’ forced to sell at a loss
The FT reports on investors being caught out in the capital’s off-plan market…
Home-mover & buy-to-let lending falls as remortgaging booms
10.8% more homeowner remortgages were completed in 2018 than in 2017, says UK Finance, while 11.5% fewer new buy-to-let and 1.9% fewer new home-mover mortgages went through.
Proportion of international buyers in PCL hits six-year high
57% of the homes sold in London’s priciest postcodes during H2 2018 went to overseas purchasers, reports Hamptons International, the highest level recorded since H2 2012; currency movements persuading foreign buyers to take a view on Brexit uncertainty, says firm…
Street Views: International buyers in Prime Central London
The proportion of overseas purchasers in PCL is at a six-year high, according to new research out today, accounting for over half of the homes sold in the capital’s top postcodes. These kind of headline figures only tell part of the story – and sometimes much, much less – so here’s how some of London’s top buying and selling agents have been reporting things on the ground…
‘Buyer affordability is on the rise at the fastest rate in nearly eight years’ – Rightmove
The UK’s average asking price tickled up by just 0.2% in the last year, reports Rightmove, with three out of four Southern regions seeing negative growth.