Format: News
House price inflation eases to +9.6% – UK HPI
The official UK House Price Index tells us that average property prices increased over the year to January; in England to £292,000 (9.4%), in Wales to £206,000 (13.9%), in Scotland to £183,000 (10.
60% of sales going to best & finals in parts of London as competition hits ‘fever pitch’
83% of Savills agents have seen an increase in competitive bidding in recent months
Property transactions drop by a fifth
Around 21% fewer residential property transactions were recorded by HMRC in February 2022 compared to the same month in 2021.
Russian billionaire reportedly ‘ditched’ UK mansions before sanctions were imposed
A BBC investigation suggests that Alisher Usmanov's UK assets - including mansions in London and Surrey - "could be beyond the reach of UK sanctions. And the same could be true for other oligarchs."
Works begin on giant Belgravia regen scheme
The Ebury Bridge scheme promises the largest delivery of new affordable homes in Westminster in a generation.
Stamp Duty revenue surges to a record high
£16.9bn was paid in property taxes from April 2021 to February 2022; £6.1bn more than in the same period a year earlier, despite the Stamp Duty holiday.
Developers livid over Gove’s ‘cartel’ comments
The Housing Secretary said he is 'not particularly popular' with housebuilders at the moment
Savills recruits head of D&I
Chanelle Gray has joined the agency after 13 years in the Civil Service
Knight Frank boosts coverage of North, City & East London with new ‘roaming’ team
Former Islington sales boss Nick Moore has teamed up with Simon Boulton to cover new locations for the agency including Hackney, Shoreditch, Camden, Crouch End and Stoke Newington
London property is over-valued by ‘as much as 50%’, warns ratings agency
Analysts predict a property market "correction" in and around the capital, as house prices detach from incomes.
LonRes launches new GDPR compliance services
LonRes has partnered with iCompli to help property agents manage clients' personal data.
Chancellor Sunak preps for Spring Statement
Rishi Sunak is due to present a "mini Budget" shortly after midday on 23rd March.