Tenant demand jumps as fees cut
Demand for rental properties in London surged by 13% from May to June, according to Rightmove, compared to a four year average at this time of year of just 4%
Tag: Property Market News
London property price inflation sinks to its lowest level since 2009
The average property price in London has fallen by 4.4% in the last year, according to May’s official UK House Price Index; that’s the most negative rate since August 2009
Bloomberg rolls out a ‘Housing Bubble Dashboard’
Canada, New Zealand, Australia, Norway, Sweden and the UK are all ‘vulnerable economies to a correction in house prices’, warns Bloomberg
Asking prices drop for the first time this year as properties stick on the market
‘Key metrics indicate a buyers’ market in the second half of 2019,’ says Rightmove, as the portal notes ‘tentative signs of the market bottoming out’ in London
University cities out-perform the rest of the property market
House prices in the world’s top 50 university cities grew by an average of 66% between 2009 and 2018, compared to a national average growth of 40%
New buyer interest rises for the first time since November 2016
The UK property market appears to be stabilising, says the Royal Institute of Chartered Surveyors
Sales at Battersea Power Station climb back to pre-delay levels
‘About 70%’ of Phase 3A units have now been sold at Battersea Power Station – which is about the same level as in 2017, before construction delays allowed some buyers to back-out of contracts
Prime London sees a ‘surprise return of competitive bidding & even a few sealed bids’
But sentiment remains ‘fragile’ as political uncertainty continues to put the brakes on prime residential property markets, says Savills
British home-owners move just once every 21 years
Property inertia is highest in Kensington & Chelsea, according to Zoopla; homeowners in the Royal Borough stay put for an average of 35.5 years
£1m+ property sales stall after a decade of growth
Just 1% more £1m+ homes were sold in 2018 compared to 2017, ending a ten-year run of growth that saw the number of seven-figure deals escalate by 194%
Market Snapshot: Belgravia bears up amid Brexit challenges
Buyers baulking at the prices in Mayfair and Knightsbridge are seeing a ‘good value proposition’ in neighbouring Belgravia, reports longstanding local agency Best Gapp, with some notable short-lease activity…