Golden Venn's quarterly newsletter provides an update on the London property market and insights on selected global destinations.
Winter 2015 Quarterly Market Report
Key Points
- Prime central London prices rose 5.1% in December 2014 – lowest annual rise in five years.
- Prime central London rental rates rose 3.3% in December 2014 – highest annual rise in 36 months.
- Prime central London rental yields rose to 2.92% in November 2014 – close to an 18 month high.
- Autumn Statement 2014 - major reforms of SDLT, ATED, and CGT for non-UK residents.
- Prime central London property remains strong investment choice – overall annual returns of over 9% in December 2014.
Market Report
London House Prices – According to the Land Registry’s House Price Index (HPI) for December 2014, which captures actual changes in the value of residential properties, the average price of property in England and Wales increased by 7.0% in the 12 months to December 2014. The region which experienced the most significant movement by far...Read More
The Rental Market
According to LSL Property Services’ Buy-to-Let Index, the annual growth in rental rates in England and Wales rose to 3% in December 2014, significantly higher than its previous peak of 2.4% in August, and a far cry from its lowest annual rise of just 0.6% seen last April. In fact, average rental rates are still...Read More
Fiscal & Regulatory Outlook
The 2014 Autumn Statement has clearly targeted the non-doms and the top-end house buyers, which was expected given the imminent election in May 2015 (see figure 8). What was least expected were the changes in the Stamp Duty Land Tax (SDLT) rates. The Chancellor’s Autumn Statement announced a major reform of SDLT for residential property...Read More
The GV Perspective
During the first quarter of 2014, the 2015 general election in the UK seemed a long way off and there was little, if any, effect on the property market. However, by the second and third quarters the level of uncertainty over the possible results of the election began to rise conspicuously, as more talk began...Read More
Quarterly Tip
Short leases should not deter you… they might represent opportunities, as often there is less competition and one might be able to negotiate a better price.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