Golden Venn's quarterly newsletter provides an update on the London property market and insights on selected global destinations.
Spring 2018 Quarterly Market Report
Key Points
- London property market remains slow.
- Prime central London prices now 8% below 2015 peak.
- Anticipated May interest rate rise may be put on hold as March inflation rate falls.
- Government proposes to speed up Capital Gains Tax payments to within 30 days.
- Growing tenant demand-if demand exceeds supply, could lead to upward pressure on prices.
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Sales Market
Momentum across much of the London property market remains subdued. Across prime central London average prices fell 1.1% in the year to March, according to Knight Frank; the fourth consecutive month of marginal annual adjustment, with the agency reporting prices are now 8% below their 2015 peak...Read More
Rental Market
Supply has exceeded demand across much of the prime London rental market in recent times, placing sustained pressure on prices. However, evidence suggests this situation is beginning to change. Data from LonRes indicates that the supply of new instructions to prime central London fell by over 11%...Read More
Fiscal Policy & Economic Backdrop
New tax rules relating to non-domicile residents are now in force, and take retrospective effect from 6th April 2017. Any person who has been resident in the UK for more than 15 of the previous 20 years will be deemed domiciled in the UK for tax purposes. Inheritance tax is also now chargeable...Read More
Quarterly Tip
"Be fearful when others are greedy. Be greedy when others are fearful." Warren BuffettRead More
The GV Perspective
The London property market is undoubtedly resilient. Despite major property tax changes, together with the well-documented prevailing period of political uncertainty, prices are only running at just 8% below the 2015 peak. While further price corrections are a possibility during 2018, there are indications of stability...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
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- Winter 2018
- Spring 2018
- Summer 2018
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- Winter 2019
- Spring 2019
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- Winter 2020
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- Autumn 2022
- Winter 2023
- Spring 2023