FORECAST: UK Prime Regional Towns +4% to +7% next year; PCL -2% to +1% – Carter Jonas
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A significant reduction in transactions is to be expected in an election year, but there have only been nineteen house sales across the whole of Belgravia, Chelsea, Knightsbridge and Kensington in…
Dearth of buyers affects regional prime property prices
"Weak market sentiment" amongst buyers has been blamed for poor performance in the prime regional property market, as Savills reports a fall in average values across the country.
London’s prime property market dip to drive a £1.6bn cut in this year’s SDLT receipts
Stamp duty receipts "so far this year have been much weaker than expected" says the OBR
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Sale agreed on final Knightsbridge Gate apartment
The last of the PCL scheme’s 15 residences has found a buyer, rounding off a sales campaign that saw guide prices hit £25mn.
OBR downgrades house price, transaction & construction forecasts
Fiscal watchdog expects 4% fewer property sales over the next five years than were predicted in March.
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