UK & London sales market update Autumn 2024
Activity picked up during the late summer and Autumn after August’s rate cut, and more rate cuts next year will underpin this trend. Buyers will be keen to beat the next stamp duty change in April next year, so vendors will be at an advantage if they bring their home to market sooner rather than later.
Highlights
- Prime London prices were broadly flat in Q3, rising by just 0.4%
- House price growth momentum slowed slightly in September across the UK, with values up 2.4% year on year
- Transaction levels continue to rise as stock levels climb
Prime London sales market
Many of the moves in the Chancellor’s Budget had been well-trailed in the press in the run-up to 30 October. But one aspect which was a surprise was the additional stamp duty surcharge for those buying additional homes – either second homes or buy-to-let properties. As the Chancellor said that this surcharge would rise to 5% from 3%, agents and conveyancers started working to get the exchange over the line before 31 October deadline, when the additional surcharge would be applied.
From April 2025, these rates will rise again, as the basic rate of stamp duty will be re-introduced, after being scrapped during the Budget in 2022. This will mean that stamp duty will be payable at 2% between £125,000 and £250,000 for homemovers. First-time buyers will also be liable to pay stamp duty on purchases over £300,000, down from £450,000.
This move is likely to bring forward more transactions to December and the early months of next year as buyers seek to beat the cut-off. The Treasury has calculated that the rise in the surcharge will raise £115 million in the next five months and raise a further £90 million in the 12 months after that.
The additional stamp duty may dampen demand among investors and those looking for a pied-a-terre in the capital beyond April next year, although there are some balancing factors. The first is that capital gains tax (CGT) for property sales was not changed in the Budget. This has been mooted as such as move could raise serious quantities of tax, but in the end, the Chancellor raised CGT for other assets to 18% and 24%, to match the tax payable on property. The lack of any change in this tax was good news for investors. The second factor balancing the higher stamp duty charges is the outlook for progressively lower interest rates over the course of the next year. As examined in the economic overview, the rate of interest rate declines may be slower the anticipated pre-Budget, but there are still forecast to be five more quarter-point cuts. In addition to these factors – London remains a key hub for those wanting to invest and live, with unrivalled amenities and its status as a key global economic centre.
Average capital values in the across the whole prime London market are broadly flat on the year, up just 0.4% compared to September 2023. However, this marks an improvement compared to the last 15 months when prices have been falling year-on-year. However, in prime central London, values are still down 1.1% on the year.
Further out from the central prime market, there is evidence of price growth, especially in the West and North & East, which includes the Islington market.
UK sales market
Average UK house rose by 0.1% in October, and registered annual growth of 2.4%, down from 3.2% in September. Activity continued to rise, with mortgage approvals hitting the highest level since 2022 in September, and transaction levels are expected to rise again next year amid higher wage growth and improved affordability as mortgage rates decline. There may be more activity brought forward to the first three months of next year as buyers look to take advantage of the current rates of stamp duty.
From April next year, the stamp duty threshold for paying stamp duty will fall from £250,000 to £125,000 for home movers, and from £450,000 to £300,000 for first-time buyers.
UK house price growth is set to slightly outperform our current forecast of 1% growth this year, but our forecast for 2025 remains at +4%.
While the Yorkshire & the Humber is recording annual price growth of 3.8%, and the North West average home prices registering 4.1% increases, average values are still falling on an annual basis in much of Southern England. The exception is Greater London, where prices are up 1.6%. London experienced a more muted rise in prices during the pandemic, and a smaller reversal last year, giving it a platform for a stronger price recovery in current market conditions.
The information provided in this report is the sole property of Cluttons LLP and provides basic information and not legal advice. It must not be copied, reproduced or transmitted in any form or by any means, either in whole or in part, without the prior written consent of Cluttons LLP. The information contained in this report has been obtained from sources generally regarded to be reliable. However, no representation is made, or warranty given, in respect of the accuracy of this information. Cluttons LLP does not accept any liability in negligence or otherwise for any loss or damage suffered by any party resulting from reliance on this publication.
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With a global pandemic to deal with, accelerating structural changes particularly in retail, business owners have been hit hard, despite recent Government pledges and rate reliefs.How property can play a huge role in making next year’s EarthOvershoot Day later in the year
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With over £4bn of private funding received by fibre providers in the last three months alone, and a number of Government-backed levelling up schemes providing regional funding across the UK, there is a very real impetus toward the rollout of Gigabit capable and 5G connectivity.Oxford on trend but there’s value in its history
The world’s attention is firmly focussed on Oxford as both a traditional global knowledge economy and latterly a fast-evolving global leading life sciences hub.Cluttons boosts Northern hub further with partner hire as Chris Severs joins Manchester office
Cluttons has added another partner to its Manchester office as Chris Severs joins bringing over 20 years of experience and expertise in business rates consultancy to the team.With the online sales tax consultation now closed, what can we expect, and will it happen any time soon?
Rishi Sunak was plauded by most for responding so quickly to support small businesses as Covid hit. But what a shame the years of campaigning didn’t trigger a revolutionary business rates consultation before an unprecedented global pandemic hit an already underperforming high street retail and shopping centre sector.How your property strategy can help your beneficiaries in the longer-term
The time that you serve on a charity’s board of trustees or senior management team is limited relative to how long the charity has already been existence and is likely to continue to exist for. Therefore, what difference are you going to make during your tenure at a charity?Industrial market update Q1 2022
The rent rise continues: If the classical economists’ definition of inflation being ‘too much money chasing too few goods’ needed a perfect illustration that the industrial sector is it.Office market update Q1 2022
Historically there has been a very strong link between employment growth and increased demand for office space. The employment market is one part of the economy that is weathering the current storm well.Retail market update Q1 2022
with so many bad news headlines over the cost-of-living crisis and geopolitical uncertainty, it is no surprise that consumer confidence has faltered and dramatically so.Commercial market update Q1 2022
The commercial real estate sector has been through an extraordinary year, outperforming other asset classes with total returns of 23.9% over the past 12 months.Cluttons opens a new office in the Algarve, Portugal
Cluttons are delighted to announce the launch of a new office in the Algarve, Portugal. The new office is located 15 minutes from Faro airport in the Algarve’s Golden Triangle, between Quinta do Lago and Vale do Lobo.Forecasts and outlook Q1 2022
At national level the housing market has so far defied these issues but affordability is starting to look stretched and the expected further rises in inflation and mortgage rates are likely to dampen growth.Wider South East Q1 2022
Both sales and rental values continued to grow strongly across the wider South East in Q1.London sales and rental review Q1 2022
sales market saw further price growth in Q1, but at a slower rate than the rest of the country.UK economic outlook Q1 2022
The economic recovery stuttered in Q1 due to another Covid variant, although many measures are back to their pre-pandemic levels.Development review Q1 2022
So far 2022 has been business as usual for housebuilding, with output very much in line with recent trends both nationally and in London.UK rental market Q1 2022
The rental market started 2022 much as it left 2021, with demand well ahead of supply in all regions, rental growth over 10%, and huge competition for properties.UK Sales review Q1 2022
Demand remained ahead of supply in Q1, leading to high levels of activity and price growth continuing the trends from 2021.The drive to Net Zero
The drive to Net Zero is a concept that has now been widely accepted as the solution to avoiding a climate ‘tipping point’ in which there is no return.Spring statement 2022 comments
On Wednesday 23 March 2022, the Chancellor gave the Spring Statement to Parliament. Here, our residential and commercial teams highlight key points, and the potential impact on the UK property market.Changes and opportunities: Portugal’s Golden Visa for British Buyers
With Brexit implications restricting time allowed in the EU, and the pandemic dramatically effecting the way we live and work, it’s no surprise that Portugal’s Golden Visa program is becoming increasingly popular with British buyers.Webinar: How to model public sector buildings to net zero
In partnership with the Association of Chief Estates Surveyors and Property Managers (ACES) we are delighted to invite you to our webinar on ‘Public Sector: How to model buildings to net zero’.Commercial market update Q4 2021
It has been a long pandemic, and Omicron provided a sharp reminder that it might not be over quite yet. Despite this, there are signs of recovery in all sectors.Industrial market update Q4 2021
Rental growth continues to rise, hitting 7.2% a year in Q4 2021. Industrial space under construction is at the highest level ever recorded.Office market update Q4 2021
Large year-end London office deals show confidence in the outlook, but TfL passenger volumes took another hit from Omicron in December.Retail market update Q4 2021
Slide in retail rents halts, but inflation and interest rates pose a threat as cost-of-living bites.Return of the pied-à-terre: 7 properties available to buy or rent now
In our recent blog article, Cluttons’ James Hyman highlighted that a return of the pied-à-terre purchaser was beginning to fill the first-time-buyer-shaped hole in demand felt across London since June.UK economic outlook Q4 2021
The economy grew steadily in Q4 as it continued to recover from pandemic restrictions, with employment data also looking good.Forecasts & Outlook Q4 2021
The economy continues to recover and GDP finally returned to pre-pandemic levels in Q4. More expansion is expected in 2022, but cost of living pressures are likely to limit growth in the short term.Wider South East Q4 2021
House prices and rents across the wider South East grew strongly in Q4, with annual increases of around 10% – in line with the national picture.London sales & rental review Q4 2021
The sales and rental markets in London both showed strong growth in Q4, but overall have not quite kept pace with the rest of the country through the pandemic period.Development review Q4 2021
The end of 2021 saw housing supply broadly continuing in line with recent trends at national level and in London, having now recovered to pre-pandemic levels but, unlike second hand market activity, not surpassed them.UK rental market Q4 2021
Rental growth was very high in 2021, as high as 10% at national level on Rightmove’s index. This is driven by demand continuing to outstrip supply across most regions, property types and price points.UK sales market Q4 2021
Q4 was the first quarter for over a year with no stamp duty discount available, but the sales market maintained momentum and finished the year with double-digit price growth. Transactions have so far avoided the steep drop off expected in some quarters, despite shortages of stock for sale.7 Greater London residential-led development opportunities
On behalf of London City Mission, seven individual residential-led development opportunities. All within Greater London locations.Lack of understanding, collaboration and funding threaten the UK’s connectivity
New research by Cluttons shows that the UK risks lagging behind other major economies when it comes to Gigabit roll out and 5G- a position that could potentially hold back investment, performance, jobs, and the levelling up agenda itself.Connecting the UK
We partnered with YouGov to survey MPs and councillors about the Government’s gigabit rollout plans and the challenges involved in meeting the national targets. In addition, we surveyed businesses and consumers to gain insight into the level of understanding around gigabit capable technology and awareness of the benefits that gigabit connections can bring.The impact of climate change on flooding in the UK
The Environment Agency (EA) have previously shared that 5.2 million homes and businesses across England are at risk of flooding; that’s one in every six properties.We are most likely 3-5 years behind government broadband targets
On 24 November, the government published its long-awaited response to the January 2021 review and consultation of the 2017 Electronic Communications Code legislation.Cluttons hires Reeta Patel in strategic asset management push
Cluttons has appointed Reeta Patel as associate partner in its commercial and strategic asset management team as part of a drive to expand this key focus of the business.Cluttons promotes Nicholas Potter to equity partner
Cluttons has promoted its finance director Nicholas Potter to equity partner.Understanding flood risk guarantees protection
Earlier this week the Environment Agency (EA) warned members of the public to be aware of the risk of flooding to their property. And with the Met Office forewarning of a particularly wet winter ahead (21/22) this could prove to very timely.Flooding isn’t all about riverbanks overflowing
When you hear the word flooding does your mind quickly flash to torrential rain causing riverbanks to overtop and dams to burst?Retail market report Q3 2021
Retail capital values over the last three months have grown by 3.2% (the strongest quarterly rate since 2010) with values stabilising across all retail segments.Office market report Q3 2021
There are emerging signs of polarisation in the office market between top spec buildings versus those of a lower quality.Industrial market report Q3 2021
Industrial investment flows are now not only ahead of the same period in 2020 but also significantly ahead of 2019 levels, driven by the continued strength of investor interest in the logistics sector.If there is a race to net zero, no one’s a winner
I’m not in favour of the phrase ‘race to net zero’. This implies there will be winners and losers and that it’s primarily a competition.COP26: it’s time to make a watertight investment
On 13 October 2021 the Environmental Agency published warnings on climate change and how we must all “adapt or die.”The Manchester office market is set to be fuelled by growth in SMEs
Manchester’s office market could see a boost thanks to its 22,850 SME businesses.Return to the office
For several years pre-pandemic the homework rate was around 5%, compared to 1% in 1981. It rocketed to 37% in April 2020 and remains high as pandemic restrictions ease.Wider South East Q3 2021
High levels of house price growth were seen in both the sales and rental markets of the wider South East in Q3, continuing the trend seen throughout 2021 so far.UK economic outlook Q3 2021
There was a stop-start nature to the economic recovery in Q3, with shortages of labour and materials taking over from pandemic restrictions as the main drag on growth.Forecasts & outlook Q3 2021
The economy is recovering ahead of the initially expected schedule and, while this should continue next year, there are risks that supply chain and labour issues could push inflation well above target.UK development review Q3 2021
More of the same for the development statistics in Q3 as pre-pandemic levels of output continue both at national and London level.UK rental review Q3 2021
The rental market recovery strengthened further in Q3, with high demand and low supply conditions continuing across the country.UK sales review Q3 2021
The high demand and relatively low supply environment persisted in Q3, meaning more house price growth and continuing high levels of activity as buyers competed over available homes.Autumn Budget 2021 and fundamental review of business rates
Within the chancellor’s Autumn statement, the headline grabbing changes to the business rate system were announced.Autumn Budget: our experts give their reactions
Our experts give their reaction to the Autumn Budget.Property has a key role in partnering with the LGBTQ+ community
As Freehold LGBTQ+’s oldest partner, Cluttons has recognised the importance of diversity and inclusion in real estate for a while now.No North / South divide as independents keep the high street alive
The effect the pandemic has ultimately had on our high streets has been profound, with more than 17,500 chain stores and venues closing in Great Britain in 2020 alone.Does PDR have a chance to change its poor reputation and help revive town centres?
It is no secret that our town centres are facing huge challenges recovering from a period of social and economic stagnation with many trends accelerated by the pandemic.5 post-pandemic trends shaping the Central London sales & lettings market
The COVID-19 pandemic led to dramatic changes in how we live and work and has had a huge impact on the UK housing market.RNLI Porsche 911 Challenge team successfully drives to all 51 RNLI lifeboat stations in just 9.11 days
Cluttons is delighted to have supported this this year’s RNLI-911 Challenge in aid of the Royal National Lifeboat Institution.More female leaders essential for young talent entering the real estate industry
Diversity and gender equality simply must not be a tick box exercise.London sales & rental review Q3 2021
The London rental market was very strong in Q3, across both the prime and mainstream sectors, as demand increased significantly due to returning office workers and the usual seasonal boost from students and graduates.Cluttons launches remaining 11 units at iconic former BBC TV Centre
The hugely successful scheme has just released the last 11 units of a total of 432 new homes. The Crescent and The Helios are collections of new apartments and penthouses that offer the rare opportunity to live in a listed mid-century modern masterpiece in a fantastic West London location.Why landlords need to think of EV charging as the technology of today
The electric vehicle market in the UK is gaining momentum and the popularity of electric vehicles is steadily growing.Retail market report Q2 2021
Retail yields have repriced as average UK retail yields are now 6.8% which compares with 5.3% five years ago.Office market report Q2 2021
Financial service companies are seeking out the best model for hybrid working, with 79% of financial service firms surveyed by CBI/PWC in Q2 2021 reassessing their workspace needs and 82% are planning on implanting hybrid ways of working.Industrial market report Q2 2021
Investment volumes in the industrial sector over last 12 months increase by 75% as investment levels in the sector have soared.Cluttons adds further senior appointment to newly launched Manchester office
Strategic property consultancy Cluttons, has appointed David Allen as partner in its building & project management team.Electric vehicle charging: it’s all about location, location, location
The UK is currently the second largest market in Europe for the purchase of electric vehicles (Source: The Guardian) with more than 500,000 new electric vehicles (EVs) registered in the five months up to the end of May of this year (Source Nextgreencar.com).Why local authorities and landlords must act fast to facilitate the growth in electric vehicles
By 2030 it is estimated that nearly 5 million electric vehicles will be on the road throughout Britain, however, with consumers questioning whether their priorities for EV will be met, will this statistic become reality?Cluttons is awarded a place on the Crown Commercial Service framework
Cluttons wins a place on the prestigious Crown Commercial Service framework in a further boost to its growing public sector offer.Forecasts & outlook Q2 2021
UK house price growth is expected to continue, but at a slower pace after a very strong start to the year. The momentum built up is such that falls are not anticipated, even as Government employment support schemes are withdrawn.Wider South East Q2 2021
The wider South East is seeing strong house price and rental growth in 2021, outperforming London but broadly in line with national trends.London sales & rental review Q2 2021
The mainstream London sales market has held up well through the pandemic but is lagging the very strong growth seen in other regions. Its rental market is weaker but showing signs of recovery.UK economic outlook Q2 2021
The recovery continues but the economy remains smaller than before the pandemic and a range of risks persist.UK development review Q2 2021
Housebuilding in Q2 continued in line with pre-pandemic trends at national level. London saw stronger performance, boosted by the improving lettings market driving a recovery in activity in the Build to Rent sector.UK rental review Q2 2021
Rents hit record highs again in Q2 at national level and, while the split between London and other regions continued, there were signs that demand in city centres is recovering.UK sales review Q2 2021
At national level the sellers’ market continues, with high demand and relatively low supply pushing up prices and turnover. Most of the benefit of the stamp duty holiday has gone, but other factors such as higher levels of savings, low interest rates, and lifestyle re-evaluation continue to drive activity.The Trojan Horse of more frequent revaluations
The Local Government Finance Act 1988 introduced 5 yearly rating revaluations, the first being 1990 and this quinquennial cycle continued until 2010.Cluttons launches its northern hub in Manchester
Cluttons bucked the trend in lockdown and has launched a northern hub with a team of experts based in Manchester.Changes to the retail relief scheme
The British Retail Consortium have reported that there has been a growth in high street retail sales from April to June rising 28.4% from a year ago and up 10.4% from 2019.Are you making the most out of your lease?
In today’s uncertain market commercial tenants must ensure they utilise their lease to make the most of the opportunities and benefits from the inevitable change in work patterns.What is the future of Prime Central London?
Prime Central London has had to adapt and evolve to meet the changing needs of the rich and famous for hundreds of years. It now faces new challenges – not just thanks to Brexit and the immediate impacts of the global pandemic – but also longer-term issues like changing lifestyle preferences and climate change.Prime Central London’s global demand & local markets
Prime Central London attracts people from across the world, with demand for homes reflecting global political and economic trends. But local factors are also important. Each sub-market of Prime Central London has its own appeal to different people.What is Prime Central London?
There is no single definition of Prime Central London, and it continues to change and evolve depending on the demands and fashions of the time. Prime Central London has seen huge change since it emerged from the fields and marshes of the 18th century.The evolution of Prime Central London report
The evolution of Prime Central London report is the first of Cluttons’ series of new research looking at the opportunities and challenges facing the UK’s housing market. We start our series by focusing on Prime Central London.Webinar: How is Prime Central London residential evolving?
As we near the pandemic recovery period, our expert panel discusses what trends will continue and are they set to alter the boundaries of Prime Central London residential as we know them?Top tips for first-time home buyers
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Etiam feugiat quam ipsum, et ullamcorper tellus fringilla acorem ipsum dolor sit amet, consectetur.Telecoms rent reviews: a brief guide
Rent reviews offer both landlords and tenants the chance to negotiate their rental rate for a telecoms site and, when handled well, can be a beneficial arrangement for both parties.The implications of lockdown on building maintenance
COVID-19 has caused, and continues to cause, extraordinary levels of disruption to the real estate sector and the insurance market that serves it with property owners struggling to manage and maintain unoccupied properties.Industrial & logistics: rethinking ‘inside the box’
During the pandemic, industrial and logistics was highlighted as an important part of urban infrastructure.Future office and 5G
The complexities and changes resulting from the pandemic have forced workers to adapt, expectations around working practices have changed rapidly and workplaces must evolve to keep pace.What do commercial property owners need to be mindful about following the MEES Consultation?
The MEES Consultation is designed to reduce energy consumption and carbon emissions related to commercial buildings in England and Wales.Portugal’s Golden opportunity
Following the UK’s departure from the EU, Cluttons’ Portugal have seen a spike in interest from UK citizens looking to take advantage of the country’s popular Golden Visa.Capital allowances – unique value engineering
Capital allowances are a governed system of UK tax reliefs that provide savings through a reduction of business profits chargeable to tax.Amendments to the General Permitted Development Order: Class E to Residential (Class MA)
Following the changes to the Use Classes Order last year and the creation of Class E, it has become necessary for the Government to regularise the associated permitted development rights to residential.Fundamentals of getting site access management right for the smooth running of a large network estate
These days, regardless of where you are, the expectation is that you can speak to anyone at any time whether it is on your phone or over the internet.The Queen’s Speech 2021: what did it say?
Sweeping changes to the property industry were announced in the Queen’s Speech.Proposed changes to commercial EPC minimum ratings
benchmarks the building and makes recommendations on how energy efficiency can be improved. EPC requirements are not new, they have been in place since 2008, however, they are changing, and landlords need to be aware or they risk being fined.Forecasts & outlook Q1 2021
UK house price growth is likely to slow in the second half of the year as the Stamp Duty holiday reaches its end and government support schemes are withdrawn. Rents in Prime Central London are expected to bounce back slightly this year after a very poor 2020. Next year could see strong growth for both sales and rental values as the London economy, and its global connections, get back closer to normal.Wider South East Q1 2021
The wider South East saw strong house price growth in Q1, and the average time taken to rent a property reached record lows. The pandemic may be impacting the locations people choose, perhaps leaving traditionally popular commuter towns overlooked.Prime Central London Q1 2021
Prime Central London sales values continued to fall in Q1, but transaction numbers and stock levels were up on the same period last year which suggests increased confidence in the market. The rental market is still weak, but sentiment has improved relative to late last year.Greater London sales & rental review Q1 2021
Annual house price growth is positive in Greater London, at above 4%. But transaction levels are below their long-run average and rental growth is negative. Leading indicators show the capital underperforming the rest of England on all three metrics.Residential development Q1 2021
K residential development output appears to have fully recovered, albeit recent activity has not made up for the drop in supply in Q2 2020. New build sales and development activity in London remains slow, but agents and developers are positive about the longer-term outlook.UK rental review Q1 2021
The UK lettings market started 2021 in robust fashion, with sentiment in Q1 pointing towards higher demand and price growth. There is, however, growing evidence of a potentially significant problem with arrears in the private rented sector.UK sales review Q1 2021
A year on from the first lockdown and the UK housing market continues to defy the negative economic news, with values up again in Q1 and activity remaining strong. On an annual basis prices are up 5.7% according to the Nationwide index, and mortgage approvals in February were 20% higher than the same month a year ago.Formulating a stay vs go decision
You couldn’t have missed the headlines on changing attitudes to agile working over the past year.Cluttons hires Scott Joseph as head of Hyde Park office
London May 2021 – Cluttons, the property consultancy, has appointed Scott Joseph to head up their Hyde Park residential sales and lettings office.Understanding Portugal’s Golden Visa for British Buyers
Following the UK’s departure from the EU, Cluttons’ office in Portugal has seen a spike in interest from UK buyers looking to take advantage of the country’s popular Golden Visa program.Understanding connectivity: terminology
The terminology around Connectivity can be tricky to decode. Here our team tells us the most frequently heard terms and explains what they mean.What is connectivity?
We answer the most commonly asked questions around connectivity.UK offices: the best, and the rest
The debate about the future of the office rolls on.COVID-19 MCC Appeals Ruled out by government
It has been reported by HM Treasury that government will legislate against appeals citing COVID-19 as a material change in circumstances (MCC).Cluttons has answered the call for input into the consultation on the ECC
The Government announced in January that they were opening a consultation on the Electronic Communications Code 2017 (ECC) so that they can assess “whether changes are needed to support digital coverage and connectivity.”Empty rate solutions: Opportunities to reduce the business rate on an empty property
If you are currently holding any vacant commercial property where your initial period of relief has been eroded or you are aware that you will be faced with an empty rate liability soon, it is important that you plan for this and maximise any savings available to you.Cluttons appoints new head of planning
Veevers has joined Cluttons adding planning services to strengthen and complement the wide range of expertise currently offered to clients, working within the transactional and development advisory team led by Steven Cooper.Cluttons appoints new head of project and building consultancy
Cluttons has hired Robert Burke to head its project management and building consultancy teams, the latest in a raft of recent senior appointments that strengthen its multi-disciplinary service offer.UK retail market review Q4 2020
Internet sales are 56% higher than they were in February 2020. Non-food store sales are 27% lower than at the start of the pandemic however, despite this, traditional retailers are continuing to grow their online presence and shrink their bricks and mortar portfolios.UK office market review Q4 2020
UK office market more resilient than expected with declines in values less severe than commentators had predicted.UK industrial market review Q4 2020
Demand for industrial and warehouse space is driven by the economic performance of the retail, logistics and manufacturing sectors.Does the budget go far enough on business rates?
The Chancellor delivered his budget for recovery this week. As expected, there was some help for business ratepayers, but not as much as was needed.International virtual tour: Campo de Ourique, Lisbon
Allow us to set the scene; you’ve had a long day exploring the local delights. You arrive home to your beautiful villa and head straight up to the balcony to relax with a chilled glass of Porto wine.How will the budget affect business rate relief?
The current business rates holiday has provided businesses, many of whom have been forced to close or suffered a significant impact on their income, with the means to fight for their survival.UK economic outlook Q4 2020
The restrictions due to the second lockdown – the so-called ‘circuit-breaker’ – caused a further fall in GDP in November, 2.6% below the previous month. On an annual basis, output has fallen 8.9%, and is currently 8.5% below the pre-pandemic level (February 2020).Forecasts & outlook Q4 2020
The table below shows Experian’s latest house price forecasts for Cluttons, all based on their latest central economic scenario of GDP returning to end-2019 levels in early 2023 – this is a slower recovery than expected last quarter.Is your home at risk of flooding?
Flooding can be devastating; it can destroy properties and within it, precious possessions and memories. At the end of last year, the Environment Agency shared that at any given time 5.2 million homes and businesses are at risk of flooding across England.Prime Central London Q4 2020
There were further decreases for sales values and rents in Q4, according to Cluttons Prime Central London Index, shown in Figure 1. Although the pace of quarter-on-quarter decreases slowed, the annual falls reached 13.2% for sales and 17.8% for rents.Wider South East Q4 2020
The wider South East saw strong price growth in Q4, in line with the performance of the UK market, according to the Nationwide indices.London development Q4 2020
Q4 was a slower one for new build sales and development activity in London, with all three main metrics lower than Q4 2019, according to the latest data from Molior, shown in Table 1. Molior’s January report noted distinct patterns of behaviour across 2020’s four quarters, not all driven by the pandemic.Greater London sales & rental review Q4 2020
In terms of sentiment 2020 was a case of London vs. the rest, with stories of buyers keen to move to larger homes in the country now they can, or must, work from home and avoid the commute.England residential development Q4 2020
Q4 saw the residential development sector try to make up lost ground from the first lockdown, partially succeeding.UK rental review Q4 2020
After much volatility in Q2 and 3, sentiment in the national lettings market (outside London) settled back towards pre-pandemic trends in Q4, despite continuing lockdown restrictions.UK sales review Q4 2020
UK house prices finished a volatile year over 5% up on where they started, according to the main indices (+7.3% Nationwide, +6.0% Halifax).Connectivity: how big an impact will it have on residential property transactions in 2021?
Whilst good connectivity has always been a factor in the property decision-making process (no one wants their streaming to be interrupted by constant buffering), it is becoming increasingly important to home hunters in the UK.A home from home: working from abroad
Has lockdown made you consider working from abroad?Don’t let flooding turn off the lights
It is not only the direct risk of flooding which can impact your home or business, it is also the indirect impact of flooding at critical infrastructure sites that can put you in the dark.Collaboration is key for rent collections
A mountain of some £7bn of uncollected rent has been cited (Remit Consulting, November 2021).8 tips for new landlords
Cluttons’ Tower Bridge and Islington lettings expert, Chris Morris, shares his top tips for those who are thinking of renting out their propertiesUK retail market review Q3 2020
2020 has been a difficult year for bricks and mortar retail. It is a commonly repeated aphorism but nonetheless true that the pandemic together with Lockdown 1.0 and 2.0 have crammed five or more years of anticipated changes in markets into the last nine months.A Code of Practice for Property Flood Resilience
Property Flood Resilience (PFR) is a key response to reducing the costs of repair, recovery time and reoccupation of buildings and thus reducing the misery and disruption caused to people and businesses affected by flooding.London residential: what’s happening on the ground?
2020 has been a roller coaster ride for the UK economy and residential property markets. When the March lockdown and a temporary shutdown of the housing market was announced, predictions were catastrophic.London residential: what’s happening on the ground?
2020 has been a roller coaster ride for the UK economy and residential property markets. When the March lockdown and a temporary shutdown of the housing market was announced, predictions were catastrophic. However, changes in consumer behaviour and Government incentives have contributed to a surprising bounce back for some markets.Flood – payout – reinstate
Our flooding specialist and contributor to the new Code of Practice for Property Flood Resilience, Ian Paton, discusses the benefits of flood prevention schemes.UK residential sales review Q3 2020
strong summer, defying the economic weakness caused by the COVID-19 lockdown and continuing restrictions. The third quarter of 2020 saw recovering activity levels and price increases, according to the main indicators.6 tips for selling your property quickly in the current climate
Do you want to be in your new home by Christmas or the New Year? James Hyman, head of residential sales at Cluttons, gives his advice to sellers wanting to speed up the sales process of their property.London development Q3 2020
Activity levels in the London development market bounced back strongly in Q3 across all three main metrics (starts, completions and sales), according to Molior data as shown in Table 1. This suggests the impact of lockdown was short-lived and contained to the previous quarter.Greater London sales & rental review Q3 2020
Much of the commentary around London property in the pandemic has suggested that increased working from home and a desire for more space – particularly gardens – could really reshape the market as people and businesses abandon the city.UK development overview Q3 2020
We saw last quarter that residential development activity quickly recovered to pre-pandemic levels once sites were able to open up again.Forecasts & outlook Q3 2020
Experian’s latest house price forecasts for Cluttons are shown in the table below, based on their central economic scenario of a ‘delayed V-shape’, which sees UK GDP recover to pre-pandemic levels at the start of 2022.Wider South East Q3 2020
tracking the national average for several years, whereas London has seen more volatility, according to the Nationwide indices.Prime Central London Q3 2020
The Cluttons Prime Central London Index, shown in Figure 1, reported that sales values in PCL were 8.4% lower in Q3 2020 than a year earlier, the seventeenth consecutive quarter of annual price falls.UK economic outlook Q3 2020
The economic data reported since our last update appears to have finished off any hopes of a ‘V-shaped’ recovery.UK rental review Q3 2020
The national lettings market continued its post-pandemic recovery in Q3, apart from in London where high supply and low demand continued to put downward pressure on rents.UK industrial market review Q3 2020
The drivers of demand for industrial real estate will continue to evolve.UK office market review Q3 2020
Structural changes effecting the UK office market will play out over several years.UK office leasing review Q2 2020
Coronavirus leads to dramatic declines in leasing activity.UK office investment review Q2 2020
Transaction volumes decline during lockdown.UK retail leasing review Q2 2020
Landlords and tenants shared the strain of pandemic lockdown. COVID-19 is accelerating the trend in the shake-out of retail.UK industrial & distribution review Q2 2020
Transaction volumes declined during lockdown, with investment into distribution most favoured.UK retail investment review Q2 2020
Retail investment market shuts down during the COVID-19 lockdown.Property of the month: peek inside this five storey riverfront house for sale in Rotherhithe for £1.75m
Join us as we peek inside a charming riverfront home in Rotherhithe Village, with extensive outside spaces and inimitable views of the Thames and some of London’s most famous landmarks.Bankside buzz is drawing in investors
Bankside has it all – a central location, growing transport links, a lively cultural scene and a burgeoning reputation as a business hub, making it a safe bet when investing in property.Royal-tea: tour Queen Elizabeth’s 1949 Maltese home from the comfort of your couch
Cluttons’ Maltese associate partner, Dhalia, has collaborated with Heritage Malta to grant exclusive access to some of the country’s most awe-inspiring locations.Planning reform: A Guide to changes to the Use Classes Order in England
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Etiam feugiat quam ipsum, et ullamcorper tellus fringilla acorem ipsum dolor sit amet, consectetur.Forecasts & outlook Q2 2020
PCL values set to bounce back next year but UK recovery delayed until 2022. Will Brexit and potential tax reform throw things off course?Wider South East Q2 2020
Stamp Duty holiday and desire for space see interest rise across wider South East.UK rental review Q2 2020
Rental market bounces back but outlook is mixed as increases in remote working and studying could limit demand in some sectors.Greater London sales & rental review Q2 2020
London’s rental market set to struggle while buyer demand remains robust despite stretched affordability – and is given further boost by Stamp Duty holiday.Prime Central London Q2 2020
Rental and sales values dip across all Prime Central London areas but activity continues where buyer and seller expectations are aligned.London development Q2 2020
Sales and construction hit by pandemic in Q2 but latest completions data is more positive.UK economic outlook Q2 2020
Slow initial recovery and scale of government support suggest difficult time ahead for economy.UK development overview Q2 2020
Housebuilding sites reopen and developers get boost from increased planning flexibility.UK sales review Q2 2020
Early indicators suggest post-lockdown surge for sales market, but how long can it be sustained?Stamp duty holiday: 5 properties under £500,000
In early July Chancellor Rishi Sunak announced that the Stamp Duty threshold would be temporarily raised to £500,000 when purchasing residential property in England and Northern Ireland.UK residential forecast Q1 2020
The extent and duration of the health and economic crises caused by COVID-19 are still unknown, casting a shadow over the economy.UK Home Counties review Q1 2020
Sales market sees values across all counties close to flat over the past year, with activity slightly down overall.Prime Central London review Q1 2020
Initial research suggests activity in Prime Central London (PCL) will be particularly affected by COVID-19, but discretionary buyers and sellers may help the market recover quicker than other parts of the UK.London residential development Q1 2020
The pandemic introduces additional risks to the Central London new build market, on top of its general impact.Residential London review Q1 2020
As COVID-19 stalls sustained price growth in Greater London, we review recent data indicating already decelerating growth in high-value locations.UK residential development review Q1 2020
As many sites’ shutdown at the start of lockdown, new build development is subject to the twin effects of an uncertain economy and the physical disruption.UK rental review Q1 2020
As new landlord instructions and rent expectation figures drop to their lowest ever levels, how will rents be impacted later in the year?UK economic outlook Q1 2020
Initial data measuring the economy post-shutdown suggested a large impact. But as the Coronavirus pandemic continues, the Government’s unprecedented response gives hope that that the outcome will be better than initially expected.UK residential sales review Q1 2020
At the end of 2019, the UK’s housing markets were starting to emerge from a long period of ‘wait and see’. By January, UK sales expectations were the highest they’d been since the end of 2015. But before the quarter ended, COVID-19 brought transactions levels to an immediate halt. Here, we assess the potential impact on housing throughout the rest of the year.Landlords and Tenants: The impact of the Coronavirus Act
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Etiam feugiat quam ipsum, et ullamcorper tellus fringilla acorem ipsum dolor sit amet, consectetur.New permitted development rights for homeowners to build upwards
Changes in permitted development rights announced by the government will allow upward extension on purpose-built residential buildings to create new homes without the need for planning permission.Flood risk surveys: how to get the most out of a property flood assessment
We have teamed up with FloodFlash to help commercial property owners know how to set up a flood risk analysis so they can prepare for flooding better.Budget 2020: new flood defence funding is a drop in the ocean
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Etiam feugiat quam ipsum, et ullamcorper tellus fringilla acorem ipsum dolor sit amet, consectetur.Are we prepared for the impacts of climate change on flooding in the UK?
At the end of last year, The Environment Agency shared that 5.2 million homes and businesses across England are at risk of flooding, that’s one in every six properties.Flooding – prevention is better than cure
February has already seen two storms battering the British Isles, with homes and businesses counting the cost of high winds and months’ worth of rain. Now we have Storm Jorge on the way.Cluttons builds commercial valuations team with three senior hires
Cluttons has hired industry experts Jonathan Rhodes, Paul Watling and Philip Cazenove to enhance and grow its already well-established valuation proposition.Cluttons bolsters business development team to support growth plans
Cluttons has bolstered its business development team with two new hires who will help support Cluttons’ experts across sectors such as telecoms, infrastructure and not for profit, as well as driving its new business aspirations as part of the growth strategy.Cluttons welcomes Ofcom’s plans to accelerate fibre rollout
Charles Thomas, head of fibre networks at Cluttons, the property consultancy and market leading adviser to the largest mobile operators and fixed-line providers, said:Cluttons hires new head of portfolio and lettings management
Cluttons has hired Eve Larard-Tansley has head of portfolio and lettings management.Cluttons hires development and planning head
Cluttons has hired Steve Cooper as head of development and planning with a remit to grow this area of expertise as part of the business’s strategic plan.Victoria Martin proves resi is relevant at EG’s Future Female Leaders
Twelve women who work across property joined forces with EG and Ginger Public Speaking as part of the Future Female Leaders programme.Cluttons expands its property management team with new hire
Cluttons, the property consultancy, has appointed Claire Collins as head of block management, further strengthening its London-based property management team.Cluttons advises elderly care provider Whiteley Homes Trust on multi-phase development
Cluttons, the property consultancy, is advising leading elderly care provider, Whiteley Homes Trust, on their development programme at Whiteley Village in Weybridge, Surrey.Cluttons advises Alzheimer’s Society on new office space and wellness
Cluttons, the property consultancy, has advised Alzheimer’s Society, the leading care and research charity for people with dementia, on the development of office space in Birmingham as part of its move to regional hubs across the UK.Residential market outlook, September 2019
Price corrections leading to an increase in buyer enquiries.Cluttons partners with the Institute of Legacy Management
Cluttons partners with the Institute of Legacy Management to discuss effective property asset management strategies.Cluttons advises London City Mission on property estate
Cluttons has been appointed by London City Mission, a Christian charity dedicated to serving churches and working with people in London who are living in poverty or on the margins of society, to review and realign its property portfolio in the capital.Cluttons builds its outer London agency focus with two new hires
Cluttons is building its outer London agency focus with the appointment of two senior hires.Creating property strategies to enhance your charity’s mission
Recently, a group of experts convened to discuss the role of property in charities’ long-term strategies.Cluttons boosts lease advisory offer with new hire
dvisory and compulsory purchase to further boost its offer in this area.Residential market outlook June 2019
Brexit continues to dominate the headlines. Resilient buyers sought to close deals across the capital before the 29 March deadline, others are watching and waiting for a clarity and certainty that, despite the extension, remains elusive.Cluttons welcomes PM’s commitment to connectivity – but there are significant challenges ahead
Cluttons, the property consultancy and market leading adviser to the largest mobile operators and fixed-line providers, welcomes Boris Johnson’s commitment to making connectivity one of his top five priorities.A well connected workplace is a win win
In an age where good connectivity has become more important to occupiers than transport links and amenities, digital infrastructure is now a key factor in the decision making process when it comes to taking on a new office space.Why wellness is here to stay
The topic of wellbeing in the workplace has been on the agenda for some time and shows no sign of abating.Digital infrastructure is key to unlocking performance
In a wide-ranging discussion at today’s London Real Estate Forum, a distinguished panel of experts explored how London’s digital infrastructure is being improved so that it can effectively compete on the global stage.City of Westminster – changing with the times
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Etiam feugiat quam ipsum, et ullamcorper tellus fringilla acorem ipsum dolor sit amet, consectetur.New report links good connectivity and financial returns for commercial landlords
connectivity of their buildings, according to Cluttons’ annual connectivity report in partnership with YouGov launched today.Charity property strategies are evolving – here’s why
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Etiam feugiat quam ipsum, et ullamcorper tellus fringilla acorem ipsum dolor sit amet, consectetur.The commercial connectivity impact report
The majority (65%) of the UK’s commercial landlords have undertaken work to improve the digital connectivity of their buildings, with almost three quarters (72%) of tenants saying that poorly connected offices will become obsolete spaces.Cluttons market leaders in unique homes
The award-winning team at Cluttons explains why they are market leaders in finding the right buyer for spaces with a story to tell.Flood defence – a watertight investment
On 9 May 2019, BBC News published an article on climate change and how flood planners across the country ‘must prepare for the worst’.London residential market outlook winter 2018/19
Cluttons has released its Winter 2018/19 Residential Market Outlook report.London office market outlook autumn 2018
ons has released its London Office Market Outlook report for autumn 2018, which looks at the health of the office sector by examining some of the key performance indicators.Autumn budget 2018
The Chancellor unveiled the 2018 Autumn Budget on 29 October, the last before Britain officially leaves the EU in March next year. In our response document, we present our view on some of the key announcements.London residential market bulletin summer 2018
London office market outlook summer 2018
Cluttons has released its London Office Market Outlook report for Summer 2018.The London connectivity report – part one: residential tenants 2018
Cluttons has published the first part of The London Connectivity Report, focusing on residential tenants, carried out in partnership with YouGov.Cluttons joins European Valuers’ Alliance
Cluttons has joined a European Valuers’ Alliance, a network which combines the expertise of market-leading valuation companies across 10 European countries.