Property Market News
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
‘House prices would flounder in the six months after a no-deal Brexit’ – Reuters
Reuters' latest poll of property experts indicates a 'tepid outlook' for the UK market, with significant downsides to an unruly withdrawal from the European Union
‘The cost of owning a home is still favourable compared to renting and is likely to stay that way’
Capital Economics assesses the comparative advantage of buying a home over renting
A delicate balancing act: Lucian Cook presents the case for Stamp Duty reform
There's been a lot of talk about Stamp Duty switches and tinkering in recent weeks - amped-up by some mixed-messaging from the Chancellor over the weekend.
‘Pre-Brexit buying spree’ bolsters asking prices, but more properties are stuck in a legal log-jam
Rightmove's index indicates a "pre-Brexit buying spree" as agreed sales jump up by 6.1%
London’s property downturn has now lasted longer than during the Global Financial Crisis
Annual house price growth in London has been in negative territory for 16 consecutive months, according to the official UK HPI.