Property Market News
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;
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
Ranked: New-build price premiums across the UK
The average new-build home in the UK is 29% more expensive than the average resale property - but new-builds tend to be cheaper than existing homes in a dozen London boroughs
18% of properties for sale in London have had their asking price reduced by 10% or more
Nearly a third of London vendors have dropped their asking prices
Britain’s most expensive cities ‘are becoming more affordable’
But the house price to income multiple in London still looks historically toppy
Prime Londoners are looking beyond the capital in record numbers
43% of prime London home-movers in the last 12 months bought outside of the capital, says Hamptons International; that's a record level
Conveyancing activity slumps as Brexit uncertainty bites
Conveyancers handled 10% fewer cases in Q2 compared to the previous quarter, and 20% fewer than before the EU Referendum in 2016