Golden Venn's quarterly newsletter provides an update on the London property market and insights on selected global destinations.
Autumn 2019 Quarterly Market Report
Key Points
- 12% year-on-year growth in PCL sales activity in Q3
- Prices in PCL reported 3.9% lower than a year ago
- 5.4% growth in London’s High Net Worth population
- Autumn Budget may include measures to stimulate housing market
- 0.5% quarter-on-quarter growth in PCL rental values
Sales Market
Sales activity across prime central London rose 12% year on year during Quarter 3, with volumes to date in 2019 up 4.6% on 2018. LonRes report a 15% increase in mid-market sales (£1m to £5m) and a 12% increase in…Read More
Rental Market
There has long been a symbiotic relationship between rental and wage growth. However, at 3.8% wage growth is considerably outpacing rental growth across both the UK and the capital at present. At 0.9%, the annual growth in rental values…Read More
Fiscal Policy & Economic Backdrop
On November 6th Sajid Javid is set to deliver his first budget as Chancellor. Stamp duty, Help to Buy and changes to add stimulus to housing and construction are the current hot property topics. London’s SDLT receipts fell…Read More
The Golden Venn Perspective
Increased interest in the PCL market has resulted in sales volume growth in Quarter 3. Softer prices, a weaker pound and an economic backdrop that has remained stoic throughout the Brexit process resulted in more buyers completing deals…Read More
