Market Report

Golden Venn's quarterly newsletter provides an update on the London property market and insights on selected global destinations.

Download PDF

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.

General Data Protection Regulations-GDPR

If you wish to continue receiving our newsletters, market insights and news, product and services updates and offers, and event invitations please click the button to Opt in. The new General Data Protection Regulations (GDPR) come into effect on the 25th of May. After the 25th of May we will not be able to email you our newsletter unless we have your consent...

Read More

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 Buffett

Read 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