Golden Venn's quarterly newsletter provides an update on the London property market and insights on selected global destinations.
Summer 2018 Quarterly Market Report
- Price falls across prime London on the verge of bottoming out.
- New supply to the market although political and Brexit uncertainty remains.
- Anticipated interest rise in August less likely as inflation remains stable.
- Government proposes three year minimum term rental tenancies.
- Prime London rental prices return to growth for the first time since January 2016.
Sales MarketIt is just under three years since the peak of the market across prime central London, which is almost the same length of time as that of the economic recession of the early 1990s. However, while average prices across the capital fell by over 20% then…
Fiscal Policy & Economic BackdropThe government is consulting on proposals aimed at the introduction of a minimum three-year tenancy model for renters. Tenancies would include a six-month break clause and exemptions for certain renters, such as students. Many buy-to-let landlords are welcoming the option of ‘financial incentives’…
Rental MarketAnnual rental growth across London remained negative in June for the second successive month according to the official IPHRP* produced by the Office for National Statistics. Average rents are 0.2% below that of a year ago. However, across prime central London…
The GV PerspectiveThe prime London market continues to showcase its resilience. Average price falls across prime London are significantly lower than during both the global financial crisis a decade ago, and the recession of the early 1990s. And as we are approaching the October Brexit deal deadline, there are indications that prices might be bottoming out…
Quarterly TipRule No. 1: Never lose money. Rule No. 2: Never forget rule No.1- Warren Buffet
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