Residential Property Review – May 2022

Three key Queen’s Speech commitments Housing featured prominently in the Queen’s Speech on 10 May, with social housing, rental reform and leasehold reform all part of the government’s priorities in the coming twelve months. Of the 38 legislative announcements, there were three significant ones relating to housing: the Social Housing Regulation Bill, the Renters’ Reform … Continue reading “Residential Property Review – May 2022”

Residential Property Review – November 2021

Spending pledges for housing in Autumn Budget In his Autumn Budget delivered at the end of October, Chancellor Rishi Sunak committed more cash to building new homes on derelict or unused land in England, as part of a £24bn fund earmarked for housing. The plans will see 160,000 greener homes built on brownfield land and … Continue reading “Residential Property Review – November 2021”

Residential Property Review – October 2021

Supply still lagging demand Steady buyer demand and a sixth successive month of net negative new instructions, were the standout trends in the September UK Residential Market Survey published by the Royal Institution of Chartered Surveyors (RICS). “At the national level, new buyer enquiries had a net balance of zero in September, up from -13% … Continue reading “Residential Property Review – October 2021”

Residential Property Review – September 2021

Signs of solidity in UK housing market After reaching record highs in June, the housing market is now ‘taking a breather‘, according to the Royal Institution of Chartered Surveyors’ (RICS) August survey. New buyer enquiries fell for a second consecutive month, with the latest net balance dropping to -14%. Despite this slip in demand, supply … Continue reading “Residential Property Review – September 2021”

Residential Property Review – August 2021

Transition to eco homes hotting up With climate issues becoming ever more urgent, policymakers and the housing industry are increasingly turning their attention to sustainable property development. Making homes greener will play an important part in the UK’s efforts to achieve net-zero emissions by 2050: new and existing homes together account for 20% of the … Continue reading “Residential Property Review – August 2021”

Residential Property Review – March 2021

Stamp Duty holiday extension In his Budget on 3 March, Chancellor Rishi Sunak confirmed an extension to the Stamp Duty holiday in England and Northern Ireland. Rather than ending on 31 March, as originally announced, the nil-rate threshold for Stamp Duty will remain at £500,000 until 30 June. The extension means that buyers will save … Continue reading “Residential Property Review – March 2021”

How will house prices move in 2021?

Having hit an all-time high in December 2020, UK house prices once again stand on the brink of uncertainty. Will the fall, rise, stay the same – or something else? Despite being one of the most economically turbulent years in living memory, 2020 ended with UK house prices – almost incredibly – at a record … Continue reading “How will house prices move in 2021?”

UK catches the property auction bug

Are Brits abandoning the estate agent for the auction house? This year nearly 40% more property by value has been sold at auction, compared to 2019. Leading provider Auction House has enjoyed a record October performance, having shifted £65m worth of property in that one month alone, while John Pye Property saw transactions more than … Continue reading “UK catches the property auction bug”

Residential Property Review – October 2020

Our monthly property market review is intended to provide background to recent developments in the residential property market, as well as to give an indication of how some key issues could impact in the future. Housing market activity remains robust – for now Across the UK, housing market activity continued to advance strongly in September, … Continue reading “Residential Property Review – October 2020”

New property trends emerge following lockdown

The property market is gradually showing signs of recovery and a number of new trends are emerging. It’s likely that these trends will continue to influence the market over the coming months. Sales rise due to high demand Pent-up demand and incentives including the temporary Stamp Duty holiday have provided a much-needed boost to the … Continue reading “New property trends emerge following lockdown”