Property Market News
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
£1m+ deals have soared 12-fold in 20 years, as the average house price has almost tripled
Today's prime property market is "much bigger and more complex" than in 1999, says mortgage firm Private Finance as it charts the rise of seven-figure transactions over the past two decades
Feeble Autumn price bounce as vendors hold back
Rightmove reports a 13.5% year-on-year drop in new property listings, with October's traditional price bounce coming at just +0.6% - the lowest monthly rise at this time of year since 2008.
‘Buyers & sellers recalibrate and try to second-guess what’s coming next’
"Much like the weather over the last month, the property market has become increasingly unpredictable," says national buying agency Garrington in its monthly top-line review of market machinations.
Asking rents jump to record highs in London & around the country
Nearly a quarter of landlords are planning to cut their property portfolios in spite of record asking rents, says Rightmove
Prime London property transactions jump 14%; instructions up 9% – but prices fall
New LonRes data for Q3 tells of a markedly busier Summer compared to last year in prime London - although the market above £5m remains subdued
Average time to sell jumps as the property market freeze continues
Two separate analyses tell us that homes are taking longer to find a buyer now compared to a year ago
UK property price growth picks up; Inner London shows signs of recovery – UK HPI
The annual rate of UK house price growth has climbed to +1.3%, according to official data.
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…
‘Slow & steady’ property market persists as exchanges nudge up but new instructions dip
First-time buyers have boosted transaction volumes, reports TwentyCI
‘Accidental landlord’ numbers fall for the first time in five years
Next year's tax changes are pushing some landlords to sell up before April, says Hamptons International
Xi’an & Budapest outperform as global cities see property price growth moderate
The average annual rate of property price inflation across the 150 cities tracked by Knight Frank's Global Cities Index has fallen from 6.7% in 2016 to 3.5% in 2019