Property Market News
‘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
‘Transaction levels indicate that the markets are relatively stable during this time of economic & political uncertainty’ – Strutt & Parker
Transaction volumes in PCL grew by 5.3% from H1 2018 to H1 2019, says Strutt & Parker, driven by a quite dramatic surge in activity under £2m
‘Mounting economic headwinds’ curb prime property price growth in global cities
Luxury property price inflation across 46 global cities continues to fall short of the long-term average, says Knight Frank
It now takes just 20 days for the average rental property to find a tenant
Falling stock levels and rising demand mean the British rental market is moving faster than ever, says Hamptons
Surveyors return to pessimism as the property market flatlines – RICS
"The latest RICS results will provide little comfort for the market," says Chief Economist Simon Rubinsohn, "with all the key indicators pretty much flatlining"
Prime London price rises ‘an indication that the bottom of the market has been reached’ – Coutts
"Prices are edging up" and gazumping is back in prime London, Coutts bank tells its HNW clients - "but don’t get excited"
Tight supply bolsters resi development land values
"Housebuilders are increasingly competing for well-priced sites in optimal locations," says Knight Frank, but many vendors continue to wait for more political certainty
‘Demand for rental properties across London is strong & momentum is building’ – Foxtons
23% more tenants registered with the London estate agency in the first half of this year compared to last, but the firm listed 6% fewer homes to rent...
Why record numbers of home buyers are heading back to the capital’s central zones
"The tide is turning" in central London, reports journalist Anna White in The Evening Standard
Rental growth returns to prime London
Q2 saw the first increase in prime London's average rental value since September 2015, says Savills, while Knight Frank reports a "notable strengthening" of demand for prime London rental properties
Market Snapshot: Prime London’s inner & outer commuter zones
Prime property prices in London's Outer Commute just posted positive growth for the first time in two years, says Savills, but commuter homes closer to the capital are falling...