‘Significant slowdown’ expected for prime London rents next year
Escalating costs of living and inflationary pressure are likely to slow the pace of prime rental price growth down in the coming months, says Savills - but the firm has still upgraded its five-year price forecasts, as LonRes data tells of drastic slump in activity driven by low supply.
Prime Central London rents set to rise 10% this year, predicts Strutt & Parker
Strutt & Parker has updated its five-year property market forecasts, anticipating a sharp upturn for central London's lettings market as tenant demand outpaces rental supply.
Rents rise in the prime commuter belt but fall in London, as tenants ‘make real lifestyle changes as a result of Covid-19’
Savills has revised its prime rental price forecasts. Prime London rents are now expected to fall by 3% this year, with inflation of +7.6% over the next five years
Super-prime property market activity hits six-year high in London
“Property’s reputation as an inflation-hedge gives it extra appeal, while the prospect of rising borrowing costs is injecting a degree of urgency into the market across all price points,” says Rory Penn …
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Truss set to cut Stamp Duty to ‘encourage economic growth’
The Prime Minister and Chancellor will announce a reduction in property transaction taxes on Friday, suggests The Times.
Beauchamp recruits ex-Foxtons star Stuart Bennett as head of sales
After 24 years at Foxtons, Bennett has taken the helm of Beauchamp Estates’ high-profile sales team in Mayfair.
First Look: Inside the new Six Senses Residences at The Whiteley
Luxurious AvroKO-designed apartments promise 'the best of hotel living all year round'.
Super-prime property contractor goes into administration
Chelsea-based firm has operated in the luxury property sector since 2013, delivering around 140 projects.
Talking Heads: What would cutting Stamp Duty do to the housing market & economy?
It's being reported that Friday's "emergency mini-Budget" will feature a cut to Stamp Duty. Is this wise, and what impact might such a move have on the property market and on the wider UK economy?
Luxury estate agency stars in BBC job-hunt TV series
Commission-only property brokerage Nest Seekers is offering a three-month placement to the winner of a new BBC Three show.
Super-prime Hyde Park scheme boasts ‘some of the cleanest air in London’
The new barometer of luxury is health, says PCL developer Almacantar.
Cadogan’s King’s Road cinema project tops out
The mixed-use redevelopment of 196-222 King's Road has reached full height, reports project manager Capital and Provincial, and " is rapidly looking like the finished article."
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Industry Reactions: Kwarteng’s big ‘mini Budget’ & Stamp Duty cut
A surprisingly mixed set of responses from the property sector, featuring insights from Savills, Knight Frank, Rightmove, Maskells, Cluttons, Jackson-Stops, JLL, Winkworth, Carter Jonas, Chestertons, …
Stamp Duty slashed in Kwarteng’s tax-cutting spree
The nil-rate Stamp Duty threshold has been doubled to £250k, effective from today.
High-end listings up by nearly a third in London as vendors ‘test the market’
'How these instructions translate into sales will provide a good barometer for the wider health of the market in the months ahead', says LonRes.
Exploring a valuable reduction on VAT on property renovations
Since 2008, renovations and alterations to residential properties that have been empty for at least two years are eligible for a reduced VAT rate of 5%, writes Nick Cunningham of Stacks Property Search.
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PrimeResi's regular stock check, powered by LonRes