Golden Venn's quarterly newsletter provides an update on the London property market and insights on selected global destinations.
Spring 2017 Quarterly Market Report
Key Points
- The first quarter of 2017 has seen a stabilisation across much of the prime London housing market.
- The number of properties under offer in February 2017 was 22% higher than in February 2016 and new buyers have risen by 4%.
- In prime London, rental market stock levels are moderating but demand remains high, leading to the easing of price drops.
- The Government is dropping, for now, sections of the Finance Bill affecting taxation of off-shore trusts and non-dom ownership of UK property.
- Forecast Growth across the UK economy has been revised upwards to 2%.
Sales Market
The first quarter of 2017 has seen markets stabilise across much of the prime London housing market. Transactions remain steady while the rate of price falls has slowed...Read More
Rental Market
Rental values across London rose by 1.6% in the year to March, according to the Office for National Statistics Private Rental Index, while the decline across prime areas of the capital continued to ease...Read More
Fiscal Policy & Economic Backdrop
It was widely expected that from 6th April 2017, new legislation would remove tax advantages for non-domiciled long-term residents of the UK and those holding UK properties in non-UK companies or partnerships, known as 'enveloping'...Read More
The GV Perspective
There are encouraging signs of stability in both the sales and rental markets in central London, despite the continued uncertainty as the UK negotiates its way through Brexit...Read More
Past issues
- Spring 2014
- Summer 2014
- Autumn 2014
- Winter 2015
- Spring 2015
- Autumn 2015
- Winter 2016
- Spring 2016
- Summer 2016
- Autumn 2016
- Winter 2017
- Spring 2017
- Summer 2017
- Autumn 2017
- Winter 2018
- Spring 2018
- Summer 2018
- Autumn 2018
- Winter 2019
- Spring 2019
- Summer 2019
- Autumn 2019
- Winter 2020
- Summer 2020
- Autumn 2022
- Winter 2023
- Spring 2023