Price corrections boost prime London buying activity
Cluttons saw a 30% jump in new buyer enquiries from Q1 to Q2 this year – but has downgraded its price forecasts in Prime Central London
‘Coastal residents may need to systematically retreat’
The Global Commission on Adaptation – led by Ban Ki-Moon, Bill Gates and Kristalina Georgieva – has warned that “coastal residents may need to systematically retreat” as a result of climate change and rising sea levels.
KPMG warns of no-deal Brexit house price plunge
Property prices could crash by as much as a fifth if Boris Johnson pursues a no-deal Brexit, says accountancy giant; a deal would be worth £31,000 to the average London home-owner next year, predicts KPMG
‘House prices would flounder in the six months after a no-deal Brexit’ – Reuters
Reuters’ latest poll of property experts indicates a ‘tepid outlook’ for the UK market, with significant downsides to an unruly withdrawal from the European Union
A recession is nigh, warns Cluttons; Britain’s property industry needs to take note
The UK is likely to see another recession imminently, warns Jamie McCombe, head of Cluttons Investment Management. Investors need to be ready…
A delicate balancing act: Lucian Cook presents the case for Stamp Duty reform
There’s been a lot of talk about Stamp Duty switches and tinkering in recent weeks – amped-up by some mixed-messaging from the Chancellor over the weekend. So here’s Savills’ research chief Lucian Cook with a measured and informed look at the risks and rewards of four flavours of SDLT reform…
‘Transaction levels indicate that the markets are relatively stable during this time of economic & political uncertainty’ – Strutt & Parker
Transaction volumes in PCL grew by 5.3% from H1 2018 to H1 2019, says Strutt & Parker, driven by a quite dramatic surge in activity under £2m
Cutting Stamp Duty ‘could boost transactions by 40% and tax revenues by £9.8bn’
According to buying agency Ludgrove’s workings, a 36% reduction in Stamp Duty rates across the board would likely lead to 40% additional transactions in England per annum, in turn generating an extra £1.44bn in tax revenue and £8.36bn in business revenue; the firm’s CEO Fraser Slater explains how…
Bloomberg: UK builders see Brexit crisis when foreign labour disappears
Britain’s construction industry “will lose access to the lifeblood of its workforce” as a result of leaving the EU, warns Bloomberg journalist Olivia Konotey
Market Snapshot: Prime London’s inner & outer commuter zones
Prime property prices in London’s Outer Commute just posted positive growth for the first time in two years, says Savills, but commuter homes closer to the capital are falling…
Agency heralds a ‘Boris Effect’ in prime London as buyers take a long-term view
“It looks like Boris [Johnson] has and will put the bounce back into the London property market”, says top-end estate agent Mark Pollack
PwC forecasts ‘sluggish’ property price growth for the UK
UK house prices are likely to rise by a ‘sluggish’ 1% this year, predicts consultancy firm PwC, ‘implying a 1% decline in real terms’