Property Market News
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...
Agency heralds a ‘Boris Effect’ in prime London as buyers take a long-term view
"It looks like Boris [Johnson] has and will put the bounce back into the London property market", says top-end estate agent Mark Pollack
Berlin & Paris lead price growth as global prime resi markets slow
Average per square foot values in global prime cities trickled up by just 0.7% in the last year, says Savills. This compares to an annual increase of 5.1% in the year to June 2018...
Property ‘flipping’ has fallen dramatically in the last 15 years
In 2004, over 60,000 homes were resold within 12 months; just 18,630 homes were flipped in England & Wales last year...
PwC forecasts ‘sluggish’ property price growth for the UK
UK house prices are likely to rise by a 'sluggish' 1% this year, predicts consultancy firm PwC, 'implying a 1% decline in real terms'
Knight Frank’s combined London buyer budget has reached a five-year high
Pent-up buyer demand continues to build in prime London, says Knight Frank, as it takes a closer look at the South Kensington market
Tenant demand jumps as fees cut
Demand for rental properties in London surged by 13% from May to June, according to Rightmove, compared to a four year average at this time of year of just 4%