Property Market News
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.
‘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"