Market Report

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

Summer 2017 Quarterly Market Report

Key Points

  • The number of exchanges in prime London between January and May 2017 was up 14.2% compared with the same period last year.
  • The £1-2 million market has been buoyant, with a 13.8% increase in transactions in the first six months of 2017 compared with the first six months of 2016.
  • The number of registrations by prospective buyers between January and May this year is up 13% on the same period last year.
  • The Queen's speech included a Government Bill on Tenants' fees.
  • Interest rates were kept on hold in June at 0.25%, but there are indications these may rise.

Sales Market

In the run-up to the UK General Election the prime London housing market was showing signs of stabilising with demand levels rising, prices stabilising and transaction levels showing tentative signs of improvement...

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Rental Market

Rental prices across the UK are moderating. The average annual rent rose by just 1.8% in the year to May, according to the Office for National Statistics, compared to a rise of 2.3% six months previously...

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Fiscal Policy & Economic Backdrop

A new Tenants’ Fees Bill was announced in the Queen’s Speech which will stop tenants in England having to pay money to letting agents...

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The GV Perspective

London is home to thousands of financial sector employees who will be breathing a collective sigh of nervous relief over the conciliatory noises coming from the direction of both the European Union and the UK in relation to euro clearing operations...

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Quarterly Tip

"Risk comes from not knowing what you're doing..." Warren Buffett

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