Format: News
Transaction levels hit 5 year high as supply and demand diverge
Resi transactions "saw a big jump" last month, according to the RICS, with the average Chartered Surveyor selling an average of 20.
£10m for the perfect Devon village?
...UPDATE (22nd May 2014): Looks like the asking price is going to be in the £11-11.5m range...
Green light for St Giles Circus
Seventeen years after shelling out £20m for it, developer Laurence Kirschel has finally been given permission to transform his acre of the West End.
“Risk of over supply” of London prime property – Savills
There's a "risk of over supply" of new prime property in London, despite the need for 50,000 new homes in the capital's lower-end market, says Savills.
Global luxury property prices stall
It's time to go macro for a bit. Knight Frank has taken its quarterly check-up of 27 prime markets around the globe and reckons price growth has started to stall.
Here's the key findings:
Autumn Statement date set for 5th December
We all know that Christmas gets earlier every year, but that Autumn happens in December is news to us;
Forecast Watch 2014: PCL +3.5%; UK +4.4% – Strutt & Parker
Next year's looking alright for the prime property market, thinks Strutt & Parker, but then it all goes a bit sorry. This year's +6% price performance in PCL will be followed by a 3.
Resi construction credit crunch “far from over” as lending shrinks 10% in five months
Lending for residential property construction has dropped by 42% over the last three years, and by 10% since Help to Buy launched in April, according to law firm EMW.
Land Reg trials ownership data on a map
The Land Registry is trialling a mapping interface for its data with Landmark Information Group.
Octopus buys Dragonfly
Jonathan Samuel's short-term lending business Dragonfly Property Finance has been bought-up by Octopus Capital Ltd, the holding company of Octopus Investments Ltd, for an undisclosed amount.
London councils challenge office-to-resi rights
Camden, Islington, Lambeth and Richmond councils are limbering up for a High Court challenge to permitted development rights that allow the conversion of office space to residential use.
Countrywide Chairman steps down
Chairman of Countrywide plc, the UK's biggest property services group, has announced he'll be stepping down with immediate effect.