Property Market News
‘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
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...
Europe’s resi real estate investors are ‘bullish’ despite Brexit & regulatory concerns
Paris, Berlin and Frankfurt are the top picks for real estate investment in 2020, reports PWC
Proportion of overseas landlords rises for the first time since 2010
The weak Pound has boosted the proportion of British homes let by overseas landlords, from 7% last year to 11% this year, according to Hamptons;
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…