Market Report

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

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Spring 2019 Quarterly Market Report

Key Points

6.3% rise in number of new prospective buyers
Transaction volumes down just 1.3% on Q1 2018
UK economy growing faster than expected
PCL rental values grew by 1.1% in year to March
Government consultation on proposed 1% surcharge for non-UK residents closes in May

Sales Market

Average prices across the capital were 3.8% lower in the year to the end of February, according to the UK House Price Index, the lowest annual level of house price growth since September 2009. Knight Frank report that across prime central London average prices…

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Rental Market

Annual growth in rental values across London reached 0.5% in the year to March, the strongest growth across the capital since November 2017 according to the IPHRP produced by the Office for National Statistics. This compares to…

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Fiscal Policy & Economic Backdrop

The government consultation on a proposed 1% surcharge on Stamp Duty Land Tax for non-UK residents, those who have spent less than six of the last 12 months living in the UK and non-IL based companies, partnerships and trusts, will close on 6th May 2019…

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The Golden Venn Perspective

While many buyers and sellers are understandably hesitant, watching the market carefully and biding their time, both the number of new prospective buyers registering and the number of offers being made increased in the year to February…

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Quarterly Tip

“The Chinese use two brush strokes to write the word 'crisis'. One brush stroke stands for danger; the other for opportunity. In a crisis, be aware of the danger but recognize the opportunity.” John F. Kennedy

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