Proportion of cash buyers sinks to a record low
Investors were responsible for just under a quarter of mortgage-free transactions in the first half of this year, down from nearly a third in 2009.
Tag: infography
London named the world’s most ‘comprehensively attractive’ city for the eighth year
London, New York, Tokyo and Paris are the most “comprehensively attractive” and “magnetic” cities in the world, according to 2019’s Global Power City Index
PCL prices are likely to rebound next year, rising 20% by the end of 2024
Prime Central London is set to become one of the UK’s strongest-performing markets, predicts Savills, flipping a trend seen since 2014. But mainstream London is in for meagre growth of just 4% over five years.
Returns Trip: Global trends in holiday home ownership
“The second home market has changed significantly over the last decade,” says Savills. “Once a discretionary purchase primarily for own use, today’s global market is driven by income returns.”
Global prime property slowdown ‘gathers pace’
A year ago, Knight Frank declared the start of “the Great Moderation” in the world’s prime residential markets; the firm’s latest Global Prime Cities Index bears out the prediction…
Tenant demand continues to outstrip rental supply in London
Demand for rental properties in London has increased by 13% compared to last year, reports Foxtons, while supply has fallen by 16%
Market Snapshot: The top 5% across England & Wales
“The housing market is showing a remarkable stoicism given the backdrop of unmet Brexit deadlines, ‘flextensions’ and a December election,” says Fine & Country, although prices and volumes at the top-end continue to fall.
Market Snapshot: Prime rents in London & the commuter belt
Prime London rents have risen for the first time since 2016, reports Savills, while rents in the commuter belt continue to fall
The world’s millionaire population is set to grow by more than third in the next five years
Credit Suisse expects the global millionaire population to reach almost 63 million in 2024, while the number of UHNWIs will jump from 56,000 today to 234,000 in five years’ time
Building the Future: Is housebuilding on the verge of a tech-driven revolution?
“Political, financial and environmental forces are collectively disrupting the future of housing delivery,” says Savills, while technological advances are forging a considerable evolution within the construction industry
New-build homes now account for over a third of London’s super-prime property sales
Resilient demand in the face of uncertainty has boosted new developments’ £10m+ market share from 18% to 34% in the last two years, reports Knight Frank, as the super-rich prioritise security and hotel-grade luxury amenities