As the year comes to an end and festivities begin, there’s no better time to pause, reflect and consider your next move.
With a new government in place and the release of the Autumn Budget, we’ve seen numerous changes introduced – from updates to ‘non-doms’ status and inheritance tax to shifts in stamp duty. Lucian Cook explores the context surrounding the run-up and immediate reactions to these new measures, and what they mean for prime property.
But despite some of these challenges, our recent client survey shows that buyer and seller sentiment is more positive when compared to earlier this year. In fact, 54% of respondents remain unchanged in their commitment to move in the next 6 months – which could mean a healthy spring market is on the horizon.
If you’re curious about how the next five years might look across the prime markets, our latest sales forecast gives you a deeper insight into what lies ahead, while our lettings forecast takes a closer look at other factors now at play in the rental market. The balance between supply and demand has been the key driver over the past few years – but there’s more to consider in the coming months, including increased supply from ‘non-doms’ property entering the market.
Shifting gears, Nick Maud explores the relationship between the prime housing market and super-luxe car ownership across Great Britain. Find out which areas have the most registrations for top car brands and where the desire for speed competes with the aspiration of owning a prime property.
Whatever the year ahead holds for you, our latest Prime UK Residential report is packed full of expert analysis. For local insight and professional advice on your home, we’re always here to support you.
Read each section below.
Pre-budget market overview
We set the scene for one of the most hotly anticipated Budgets in recent times, outlining the key context for prime market.
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Taxing times
The recent Budget introduced numerous changes, from updates to ‘non-doms’ tax to inheritance tax. But what do these changes mean for the prime property market?
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Buyer sentiment
Our latest survey reveals how buyer budgets and commitment to move have changed since the Autumn Budget.
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Prime house price forecasts
How will the prime sales market perform over the next 5 years?
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Landlord sentiment survey
We ask landlords for their view on the main challenges facing the prime market in our latest survey.
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Prime rental price forecasts
What do the next 5 years have in store for the those renting and operating in the prime rental market?
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One for the road
We explore the relationship between the prime housing market and ownership of super-luxe cars in Great Britain.
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To read more of our Residential Research please visit our Residential Hub
Read the articles within Report: Prime UK Residential – autumn/winter 2024 below