Property Market News
‘Ominous’ signs for the lettings market as the ‘never-ending Brexit saga’ curbs sales – RICS
There's a "consistent imbalance" between tenant demand and rental supply, warn surveyors, while Brexit-based uncertainty is continuing to thwart activity in the sales market
Is now the right time to buy in London?
There's been "no crash, no fire sales and no mass exodus from London", despite three years of catastrophising by "so-called 'experts'", writes Islay Robinson, CEO of global mortgage firm Enness.
Price corrections boost prime London buying activity
Cluttons saw a 30% jump in new buyer enquiries from Q1 to Q2 this year - but has downgraded its price forecasts in Prime Central London
Property transactions in Kensington & Chelsea have tumbled by 42% since the EU Referendum
London's prime boroughs have been hardest hit by a dramatic fall in property sales since June 2016
Price declines moderate in PCL as supply & demand diverge
Sales Market Snapshot: 29% more new prospective buyers registered with Knight Frank in Prime Central London in the first half of this year, while the number of new £1m+ listings fell by 25%
Super-prime rentals jump as discretionary vendors opt to let
Rental Market Snapshot: Knight Frank reports a 22% jump in the number of would-be tenants across prime London, with no corresponding rise in supply
Prime new-build construction collapses in London, but sales pick up
45% fewer prime new-build homes started construction in London in Q2 this year compared to 2018, report Savills and Molior
Watch: Property price inflation in key UK cities since 1995
The average UK house price has risen by 318% since 1995, with some locations out- or under-performing that to a quite significant degree..
KPMG warns of no-deal Brexit house price plunge
Property prices could crash by as much as a fifth if Boris Johnson pursues a no-deal Brexit, says accountancy giant; a deal would be worth £31,000 to the average London home-owner next year, predicts …
Mind the Gap: Homes near London Underground stations see stronger price growth
Property prices within 500 metres of a Tube Station have increased by 2.1% more each year since 1998, compared to average prices across London boroughs
Home-mover numbers pick-up for the first time in three years
The number of mortgaged movers fell in the first half of the year in the North, South East and Scotland, but these declines were offset by increases in the North West, West Midlands and Northern Ireland …
Mortgage approvals jump to highest number since 2009
95,126 mortgages were approved by the main high street banks in July 2019; the highest monthly total since July 2009