Property Market News
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%
Mapped: European residential property markets for investors
There's been "an unprecedented surge of capital into residential rental properties across European markets", says Catella
Prime central London has finally bottomed out, says Savills
Following a correction on the same scale as those seen post-GFC and in the early 80s and 90s, the PCL market is 'close to a full re-pricing' - but uncertainty is holding back the bounce...
SDLT receipts slump by 10% as high-value property deals fizzle
£1m+ property sales accounted for nearly 3% of transactions last year - and over 45% of total SDLT receipts
London’s property market moves ‘out of bubble risk territory’ for the first time in four years
Residential properties in Eurozone cities including Munich, Paris and Frankfurt are looking very over-valued, according to the latest UBS Global Real Estate Bubble Index - although analysts warn investors…
Cutting SDLT could bring 130,000 more homes to market each year – Purplebricks
Estate agency urges the Prime Minister to follow through on Stamp Duty reform proposals