Property Market News
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.
Property markets to ‘remain stable’ in 2020, but prime buyers are ‘becoming less compromising’
Estate agency Jackson-Stops shares its predictions for country property markets next year
UK house price growth is likely to under-club consumer inflation until 2021
London property prices will probably hold steady in 2020, according to a poll of experts carried out by Reuters
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
How long does it actually take to complete a sale?
New research breaks down the average time it takes for a residential property deal to reach key financial and legal milestones
‘A clear swing towards hesitation for prospective sellers’ as new listings slump by 15%
Rightmove has just recorded the largest year-on-year slump in new property listings since August 2009, with 15% fewer homes listed for sale this month compared to the same period in 2018.
Pryor Predicts: How next month’s General Election might affect house prices in 2020
A Conservative majority is the only scenario that will lead to positive house price growth in 2020, predicts buying agent and market pundit Henry Pryor
Estate agency insolvencies have doubled in three years
New research suggests that ten real estate business have gone bust every week in 2019
‘Buyer & seller activity remains in a holding pattern, hampered by political & economic uncertainty’ – RICS
“Given the upcoming general election next month, it appears unlikely that these trends will pick-up to any meaningful extent over the remainder of this year”, warns the RICS' Chief Economist
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.
UK house price growth sticks at 1.3%
The latest official UK HPI property price inflation data tells of a 0.2% fall for house prices in September, leaving the annual change at +1.3%. London's average price dipped by 0.1% last month.
HNW buyers are venturing beyond RBKC & Westminster
A flurry of £5m+ deals has put Blackfriars Road on the prime London map, as wealthy buyers look beyond London's traditional luxury postcodes