Residential Review: Autumn 2015

29 October 2015

Sales.Market.Overview.
LonRes data shows that transactions across prime central London (PCL) are down 14% on the same time last year and that average prices on a £psf basis are up 0.7% on Q3 2014.

Lettings.Market.Overview.
Lettings data – the new LonRes Prime London Lettings Index shows that average weekly rents across PCL have increased by 3.7% compared to Q3 2014, while agents report a 47% rise in stock levels over the past three months.

New: LonRes Lettings Index
Working with housing index specialists Acadata, LonRes has launched a new Prime London Lettings Index which draws upon its proprietary database of over 150,000 private residential properties let since 2007 across central, prime and prime fringe areas of London. 

The ongoing impact of stamp duty reform
The latest LonRes stamp duty analysis reveals that in the prime markets of London additional stamp duty costs are being absorbed by vendors. At the top end of the market (homes over £10m) buyers are negotiating, on average, 93% of the additional stamp duty costs off the asking price.

National.Market.Overview.
The price gap between PCL and the rest of the country continues to grow. LonRes put the capital's prime housing markets into a national context.

Paris.Market.Overview.
We take a look at the impact new rent controls are having on the lettings market in Paris and what they will mean for existing landlords and future investors.