
Market in Minutes: Residential Development Land – Q3 2024
"Greater positivity in the land market, but muted transaction levels"
Tagged Articles

"Greater positivity in the land market, but muted transaction levels"

"Questions around the outcome of the October budget have weighed on those involved in the prime central London market, overshadowing the benefits of lower mortgage rates felt by some buyers in outer prime markets."
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"Continued strong activity and resilient prices across prime London despite some caution ahead of July’s general election. Second half of the year expected to be stronger as confidence improves and interest rates continue to fall."

"Prime London’s £5 million-plus market up on pre-pandemic despite recent slowdown"
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"London’s most prestigious enclaves have long been evidenced by high house prices, accessibility and a strong sense of community."
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"Sales activity in London is weak, and this has implications for developers and future housing supply. For every home buyer with a mortgage, affordability has been severely impacted by heightened interest rates."
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"Cash buyers have supported activity across prime London, but the market remains price-sensitive as buyers’ budgets have come under pressure. As such, sellers who are most prepared to be realistic on price will likely garner the best end result"