Property Market News
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
Buyers & sellers hold back as uncertainty continues to frustrate the property market
"There are good reasons for thinking the latest dip in both buyer enquiries and vendor instructions is a response to the endless wrangling about Brexit," says the RICS Chief Economist
Investors are piling-in to bulk-buy prime London apartments
Buying agency Ludgrove has noted a 55% increase in demand in the second half of 2019 from funds and family offices looking to bulk-buy residential apartments in prime London.
Wealthy tenants act fast as London’s super-prime rental market surges in uncertain times
Demand for expensive rental homes in London has escalated this year, but supply is tightening - meaning some super-prime lets are being agreed in double-quick time as tenants look to beat the competition…
Buyer demand jumps in prime London, reaching a five-year Summertime high – but vendors continue to hesitate
Market Snapshot: Knight Frank's Summer sit rep for the prime London sales market
Political uncertainty drives a 34% lettings surge in prime London
Market Snapshot: Knight Frank's Summer sit rep for the prime London lettings market
Top-end prime London prices have fallen by 16% since last year
The average £2m+ price paid in prime London in the first half of this year was £3.9m; that's 16% less than a year earlier
UK property prices have increased three-times as fast as earnings since 2008
The average value of a UK home has risen by 43% over the last decade, while the average wage has increased by 15% - and mortgage payments have trickled up by just 3%