MENA Head Office
Customer Services
Market Information
Investment New Homes
  • United Kingdom
  • United States
  • Spain
    • Majorca
    • Ibiza
  • Italy
Property News

London and UK Property Market News

Chestertons employ some of the most experienced and qualified professionals in the industry. In our Market Insight section they share their knowledge and give their insights into specific property-related issues.

Inside Notting Hill - Issue 4

August 2020   The Notting Hill property market started strongly in 2020 as buyers took confidence from the stability offered by the decisive result of the General Election in December 2019, and returned to the market keen to secure a property. However, the lockdown measures introduced on 23rd May dramatically slowed the housing market until they were relaxed on 13th May.  Read our full report, for a complete understanding on the current state of the residential property market.

Read More

London Property Market Report - Summer 2020

August 2020   The pick-up in buyer demand since mid-May has been suprising and whether this can be sustained will largely depend on how quickly the economy recovers.  The lettings market however, has seen a large number of both landlords and tenants come under considerable pressure since lockdown; and again the outlook is strongly dependant on what happens in the wider economy.

Read More

The Impact of Covid-19 on the Property Market

June 2020   Many of our clients have been asking what impact covid-19 has had on the property market. This in-depth report looks at both the UK and London residential market for sales and lettings from the initial freeze of the housing market to the flurry of activity as restrictions have eased.

Read More

Housing Market Bounce Back

June 2020   Sales figures from HMRC confirm the continuing recovery in the housing market following the easing of the lockdown restrictions on 13th May.

Read More

Is the market still moving?

April 2020   It may come as a surprise to many to learn that there is still activity in the London property market, despite not being able to conduct physical viewings. 

Read More

Inside Kensington - Issue 1

March 2020   The residential market in Kensington has seen an explosion in buyer interest since the General Election and in the first 6  weeks of the year. Chestertons' local office recorded a twofold increase in the number of newly registered buyers and property viewings. New tenants registrations increased by 21% at the start of 2020, with offers up by 52% in the first six weeks of the year compared to 2019.

Read More

Inside East Sheen - Issue 1

March 2020   East Sheen has seen a strong start to 2020, with Chestertons' local office recording a 29% increase in new buyers registering and a 24% increase in sales in January; compared to 2019. Tenant demand has remained strong coming in to 2020, but a shortage of properties available has made the market ultra-competitive and well-presented properties are let very quickly.

Read More

Property Market Review February 2020

March 2020   Read our latest monthly review of national and London residential property markets

Read More

Inside Barnes - Issue 1

February 2020   "2020 has really started with a bang. It feels like spring in Barnes with motivated buyers... Through our two Barnes branches, we have some excellent properties to sell but would love to bring more onto the market to help meet the strong demand from buyers. If you have been waiting for the right moment to sell, now could be the right time to act." - Chris Carney, Sales Director

Read More

Residential Property Market Review - January 2020

February 2020   Read our latest monthly review of national and London residential property markets

Read More

London Residential Property Market Report - Winter 2019/2020

February 2020   Read our full report for the latest review of the London property market, and an in-depth look into the sales and lettings market in the winter of 2019/2020. 

Read More

Inside Notting Hill - Issue 3

January 2020   2019 was a record year for Chestertons Notting Hill, thanks to a strong resurgence in buyers coming to the market. The lettings market was also very active in 2019 - "2019 has seen the rental market kick back with confidence and some record prices achieved in Notting Hill." - Zara Wright, Lettings Manager. Read the full report here.

Read More

2020 off to a flying start!

January 2020   2020 has got off to a flying start as sales enquiries, buyer registrations and offers are all significantly up at Chestertons compared to the same time last year. The number of new properties coming onto the sales market has also increased, giving an encouraging sign that supply issues in London could be starting to ease.

Read More

Inside Battersea and Clapham Issue 2

January 2020   Issue 2 of our Inside Battersea and Clapham report gives an up-to-date evaluation of the local residential property market, with comments from both our sales and lettings managers - Oliver Mason and Gary Noone.

Read More

The Fifth Money Laundering Directive and Legal Compliance

January 2020   The 5th Anti-Money Laundering Directive is now in force, which includes high value lettings transactions for the first time. This means that any landlord renting their property for €10,000 (£8,000) per calendar month or more will be affected. Read our full update here, to ensure you are aware of the new regulations.

Read More

Inside Covent Garden Issue 2

December 2019   Read the latest Inside Covent report, for Chestertons' most recent evaluation of the local residential market, with comments from Carlos Riveros - Sales Manager - and Nancy Archer - Lettings Manager.

Read More

Residential Property Market Report - November 2019

December 2019   Read Chestertons' Residential Property Market Report for a review of the sales, letting and investment market -with an overview of the current economy.

Read More

Inside Fulham Issue 3

November 2019   Read the latest Inside Fulham report, for Chestertons' most recent evaluation of the local residential market, with comments from Josh Rault - Sales Manager - and Graham Jennings - Lettings Manager.

Read More

Inside Little Venice Report Issue 1

November 2019   Read our latest Inside Little Venice report for an insight into the local residential property market, including comments from Chestertons' sales and lettings managers of the area.

Read More

London Residential Report - Autumn 2019

October 2019   Read Chestertons' Autumn 2019 residential report for an up-to-date assessment of the London property market - with details of the supply and demand, statistics and  key market indicators seen for both sales and lettings.

Read More

Inside Kentish Town Issue 1

October 2019   Read the first issue for our Inside Kentish Town Report to get an insight into the local residential market as it currently stands in Q3 of 2019.

Read More

Inside Canary Wharf Issue 3

October 2019   Read our latest issue of the Inside Canary Wharf report to find out how the residential property market has performed for Chestertons recently.

Read More

Inside Westminster Issue 2

September 2019   Read our second issue of the Inside Westminster report, for our most recent review of the Westminster and Pimlico residential property market.

Read More

Inside Tower Bridge Issue 2

August 2019   Read the second issue of our Inside Tower Bridge report, for an up-to-date review on the local residential property market; with words from Sales Manager – Alex Hensley – and Lettings Manager – Katharine Reynolds.

Read More

Inside Parsons Green Issue 1

August 2019   Read our latest Inside Parsons Green report to hear our most recent update on the sales and lettings residential property market in Parsons Green, Fulham; with observations from our sales manager – Glynn Gibb – and our lettings manager and area director – Adam Jennings.

Read More

Inside Camden Issue 1

August 2019   Read our latest Inside Camden report, for our recent analysis on the sales and lettings market in the area. Hear from our Sales Manager – Emlyn Parks – and Lettings Manager – Chaz Claase.

Read More

Inside Mayfair Issue 4

August 2019   Our Inside Mayfair report provides you with a recent review of the residential property market within the area, in this past year, with comments from our Mayfair sales and lettings managers.

Read More

London Residential Property Market Report Summer 2019

August 2019   Although Brexit concern faded somewhat into the background with the extension of the UK’s leaving date, the London sales market continued to be hampered in the three months to June.

Read More

Inside Chiswick Issue 1

August 2019   Read our latest Inside Chiswick report, to hear out about the sales and lettings market in the area within the last year for Chestertons, with comments from Charlotte Writer-Maguire – Chiswick Sales Manager – and Nikki Mention-Dennis – South West Lettings Area Director.

Read More

Inside Wandsworth Issue 1

May 2019   Read our latest Inside Wandsworth report, to hear the most up-to-date review of the local residential property market, with comments from our Wandsworth Sales Manager – Chris Willmer, and Lettings Manager – Scott Foley.

Read More

Sell your home this winter

November 2018   Winter doesn't need to be a difficult time to sell your home. With an organised and well-executed marketing plan, you can tempt prospective buyers away from their festive preparations, and present your home in the best possible light.

Read More

London Residential Report - Mid Year 2018

October 2018   Read Chestertons quarterly round-up of the London Residential Sales and Lettings market.

Read More

Bank of England raises Interest Rates

August 2018   With the Bank of England's decision to increase interest rates, we look at what this means for the property market.

Read More

UK Commercial And Residential Report - July 2018

July 2018   Read our monthly property markets review for July 2018 to find out what is happening in the UK residential and commercial property markets.

Read More

London Residential Report - Spring 2018

June 2018   2018 started with an abundance of activity as prospective buyers emerged from the Christmas period with renewed appetite.

Read More

UK Residential Report - June 2018

June 2018   Read our monthly property markets review for June 2018 to find out what is happening in the UK residential and commercial property markets.

Read More

Impact Of Brexit

May 2018   Almost two years after the 2016 EU membership referendum returned a majority favour, there has yet to be any significant economic impact. Our Brexit Report looks at the real-estate sector post referendum and what the future holds. With concern amo

Read More

Inside Fulham Issue 2

April 2018   2018 has started on a positive note. The gap between buyer and seller expectations on pricing has narrowed and there is a greater willingness on both sides to agree deals.

Read More

Inside Canary Wharf Issue 2

February 2018   A review of the Canary wharf residential property market. In issue two we look towards 2018 to see how Crossrail, Brexit and the changing landscape of Canary Wharf will affect local housing.

Read More

Inside South Kensington Issue 1

February 2018   Inside South Kensington provides insight into the current and future property market from local property experts Robert Budge, Sales Director, and Ashley Wilmott, Lettings Manager.

Read More

London Residential Report - Winter 2017

December 2017   Read our full London Residential Report to find out what has caused buyers and sellers to hesitate for so much of 2017.

Read More

London Residential Report - Autumn 2017

November 2017   Early indications suggest that sales across Greater London fell in July-September. A shortage of properties, which remained at near record lows according to the RICS, also remained a challenge for buyers.

Read More

Asking prices for some London homes record biggest falls this decade

September 2017   Asking prices for homes in some parts of London have recorded their greatest annual fall so far this decade, dropping on average by £18,000 in a month.

Read More

New lending requirements for landlords with four or more properties

September 2017   From 1st October, the Prudential Regulation Authority (PRA), part of the Bank of England, will start to enforce tougher standards for landlords with four or more mortgaged properties, meaning landlords will need to meet new requirements. Following the introduction of stricter affordability tests imposed by lenders at the start of the year, the latest set of requirements from the Prudential Regu

Read More

Bank of Mum and Dad Not Just Buying Homes

September 2017   ...but now funding rents too Parents are not only enabling home ownership for their children but are also playing a pivotal role in the rental market. On top of the £6.5bn parents are forecast to pay out this year in deposits and mortgage repayments on behalf of their children, the Bank of Mum and Dad will fund £2.3bn of rental payments this year, helping 9% of renters across the UK

Read More

Chestertons Residential Observer - September 2017

September 2017   The number of homes on the market in July was at the lowest level recorded for the month since 2002. The proportion of sales made to first time buyers fell by 7% in June to July, the lowest level seen since last September.

Read More

Three Is The Magic Number

September 2017   For many buyers, when it comes to bedrooms in the home, three is the all-important number. It’s practical for a growing family, ideal for downsizers and future proof for couples. However, there is an increasing price gap in the market between

Read More

Chestertons Residential Observer - August 2017

August 2017   The Government collected a record £4.84 bn from Inheritance Tax in the last tax year, much of which will have been from property. Next year, this figure is expected to rise to £5bn.

Read More

London Residential Property Market Report - Summer 2017

August 2017   After an encouragingly buoyant first quarter, the market slowed in Q2 in reaction to various distractions including the snap general election, Brexit and the lingering impact of stamp duty hikes.

Read More

Rising property prices cause record inheritance tax payments

August 2017   The government collected a record £4.84 billion from Inheritance tax (IHT) during 2016/17 tax year, much of which will have been from rising property prices according to experts. This is 4% higher than the previous year - when £4.67 billion was raised - according to official statistics released by HM Revenue & Customs (HMRC), and by next year this figure is expected to exceed &p

Read More

Chestertons Residential Observer - July 2017

July 2017   High prices and hefty stamp duty bills resulted in an 18% drop in house moves in London and a 7% drop across England & Wales in 2016. Read our full report to find out what happened this July - 2017.

Read More

First time buyers dominate the 2017 mortgage market

July 2017   First time buyers make up nearly half of all houses purchases financed by a mortgage, but those taking their first step on to the property ladder in London need to put down, on average, a deposit of almost £107k.

Read More

Election result has minimal impact on property market

June 2017   Despite the shock of a snap election and a result that ultimately saw Theresa May and the Conservative government lose the majority, the UK property market has unsurprisingly remained resilient.

Read More

Chestertons Residential Observer - June 2017

June 2017   Buyers are currently seeing some of the best mortgage deals ever as Bank of England data shows that the average rate on two year fixed rate deals has fallen from 1.73% to 1.26% over the past year.

Read More

A third of London sellers have reduced their asking prices

May 2017   32% of properties in London have reduced their asking price this spring by an average of 7.5%, which is equal to approximately £57,000.* The biggest price reductions can be found in the London borough of Kensington.

Read More

Landlords more flexible on rental pricing

May 2017   Rents in London have fallen by 1.2% over the past 12 months, the first year-on-year fall since December 2009*. This is supported by ARLA, which reports that the number of rent reductions rose in March, with 3.6% of agents seeing rents coming down during March. The average rent in London now stands at £1,519 pcm which accounts for 31.8% of average household income, compared to a UK aver

Read More

Chestertons Residential Observer - May 2017

May 2017   Borrowers in the UK are seeing the lowest ever mortgage rates being introduced as lenders battle to meet their targets.

Read More

Chestertons Residential Property Market Report - Spring 2017

May 2017   The London sales market enjoyed a buoyant start to the year, with committed purchasers tiring of Brexit speculation and other distractions, beginning to actively look to buy again.

Read More

Bank of Mum and Dad now the ninth biggest Mortgage lender in the UK

May 2017   Research by Legal & General and Cebr has found that family and friends now fund more than a quarter of all house purchases, as first-time buyers increasingly struggle to get on to the property ladder.

Read More

Chestertons Residential Observer - April 2017

April 2017   The number of first-time buyers relying on the "bank of mum and dad" for financial help has hit a record high, with more than a third of homebuyers in England depending on money from their family.

Read More

London's hot-spots for young professionals

April 2017   New research has revealed that young professionals can expect to pay a £71,000 premium to live in the UK's most popular areas. Lloyd's has compiled a list of the top 20 postcodes across the country thought to have the highest concentration of house sales to young professional buyers. While Hove in East Sussex tops the list, 16 of the areas listed are located in London postcodes. The repor

Read More

Chestertons Residential Observer - March 2017

March 2017   Property prices in London continue to grow and the rate of growth has started to accelerate again, proving just how robust the capital's property market is, mainly due to the general property shortage.

Read More

What now for the UK property market

March 2017   WILL THE TRIGGERING OF ARTICLE 50 MAKE A DIFFERENCE? Finally the deed is done! The long awaited formal notification that the UK wishes to leave the EU has been delivered. No doubt many will be wondering what impact this might have on the residential property market. With regard to our status within the EU, very little will change immediately as the EU needs a consensus from the remaining 27 M

Read More

Inside Covent Garden Issue 1

March 2017   Today, the area is one of the capital's tourist hot-spots; well known for its wide variety of shopping, restaurants and nightlife, most famously the Royal Opera House – but is also a popular residential location.

Read More

Chestertons Residential Observer - February 2017

February 2017   Data compiled by the House of Commons reveals homeownership ratios by age have fallen for every group apart from one. Between 2011 and 2016, home ownership levels for 30-39 year olds fell most dramatically.

Read More

London Prime Residential Property Market Report - Winter 2017

February 2017   The final quarter of the year is often slower due to Christmas and the run-up to the holidays and 2016 was no exception; London's property market proved surprisingly resilient over 2016 as a whole.

Read More

Inside Greenwich Issue 1

February 2017   The redevelopment of Greenwich Peninsula is well underway and will deliver around 15,000 new homes. The more fashionable parts of Greenwich have traditionally been in the town centre and around Greenwich Park.

Read More

A strong start to the year for London sales market

February 2017   The second and third quarters of last year were some of the toughest faced by the London property market for a few years, with less people buying and selling as they adjusted to the referendum result and took time to digest what it meant for them and the country. However, this pause in market activity seems to have been only very temporary as Chestertons' 32 branches all saw a considerable upli

Read More

Landlords to lessen impact of tax relief reduction

February 2017   By the tax year 2020/21, the current 100% tax relief for finance related costs will disappear completely and only a 20% tax credit will be available. Thousands of landlords are transferring their properties into limited companies to minimise the impact of the phased reduction in tax relief that starts in April. This was clearly illustrated by research from lender Kent Reliance, that showed that

Read More

Property licensing regulations

February 2017   vary from borough-to-borough and can go beyond the licensing of House of Multiple Occupations (HMOs). With a variety of legislation on the subject it can be a complex and confusing field to navigate, especially for landlords with multiple properties in different boroughs but, with more changes due to come in to effect this year which could potentially affect all privately rented properties wit

Read More

Chestertons Residential Observer - January 2017

January 2017   66% of aspiring home owners rent a property before they buy their first home. The first evidence has emerged that the era of record-low fixed-rate mortgages may be coming to an end.

Read More

Inside Mayfair Issue 2

January 2017   The sales market in Mayfair has been subdued for much of the past two years as increases in stamp duty, the introduction of capital gains tax for foreign property owners plus the uncertainty surrounding Brexit.

Read More

Chestertons Residential Observer - November 2016

November 2016   26% of parents with school age children have either bought or rented a new property in order to secure an address within their desired school catchment area, according to research from Santander Mortgages.

Read More

Inside Fulham Issue 1

November 2016   Already well established as one of London's more affluent locations, Fulham benefits from plenty of independent shops, trendy places to eat and drink and popular markets.

Read More

Chestertons Residential Forecast - November 2016

November 2016   Key ingredients for an active sales market are employment security, wages growth and access to low cost mortgages The UK housing market has proved remarkably resilient this year.

Read More

London Prime Residential Property Market Report - Autumn 2016

November 2016   The third quarter of this year provided a welcome dose of relative positivity compared to the considerable negativity following the EU referendum: buyers were much more active. Read our full report here.

Read More

Chestertons Residential Observer - October 2016

October 2016   Buy-to-let borrowing is changing: The Prudential Regulatory Authority (PRA) has recently announced regulatory changes to the way that lenders assess Buy-to-Let mortgage applications. These changes will be implemented by lenders before January 2017 and will make it more difficult to secure a buy-to-let mortgage.

Read More

Inside Kensington and Chelsea Issue 1

October 2016   Despite a slowdown in the number of sales, average prices are now 66% above their pre-global recession peak in 2008. Patricia Farley The Royal Borough of Kensington & Chelsea is one of London's most desirable areas to live, characterised by a mix of charming mews houses, regal red-brick mansion blocks and stucco-fronted terraces which are some of the capital's most expensive.

Read More

Buy to let mortgage applications are changing

October 2016   Buy-to-let mortgage applications are changing The Prudential Regulatory Authority (PRA) has recently announced regulatory changes to the way that lenders assess Buy-to-Let mortgage applications. These changes will be implemented by lenders before January 2017 and may affect your ability to obtain a Buy-to-Let mortgage, the amount that you can borrow and the information you will need to supply.

Read More

What now for the British pound

October 2016   Following the Brexit vote, the pound now finds itself at a 31 year low against the dollar. Despite better than expected economic figures that have come out since June, sterling has continued to lose value and is unlikely to recover much ground until some big questions have been answered. There are some positives with the cheaper pound, such as our export market which has improved as our goods a

Read More

Did your bank pass on the rate cut

September 2016   There are an estimated 2.2m borrowers in the UK on standard variable rate mortgages and the Governor of the Bank of England made it clear that he expected lenders to pass on the savings After holding the base rate at 0.5% for over seven years, on 4th August, the Bank of England cut interest rates to a new record low of 0.25%. Many mortgage holders, especially those on variable rates, would have

Read More

Inside Canary Wharf Issue 1

September 2016   Canary Wharf is one of London's main business districts, located in Docklands just a few miles east of the City. Over the past few years in particular the area has become one of the capital's most sought-after places to live.

Read More

Chestertons Residential Observer - September 2016

September 2016   Our monthly market review provides a snapshot of how the residential property market is performing. Read the full report to find out what the market is doing in your area.

Read More

Economic indicators and market confidence defy Brexit vote fears

August 2016   Numerous indicators measuring economic confidence in the weeks following the EU referendum vote for Brexit point to ongoing confidence, meaning now may be a good time for homeowners who are considering selling to bring their property to market. Many experts predicted a significant economic slowdown if the UK voted to leave the European Union on 23rd June, but so far those worst-case scenarios

Read More

Chestertons Residential Observer - August 2016

August 2016   Home ownership in England has dropped to its lowest level in 30 years thanks to soaring property prices. Since peaking in April 2003 at 71%, home ownership in February of this year had fallen to 64%.

Read More

London Residential Report - Summer 2016

August 2016   After the relative frenzy of activity in the first three months of the year, driven by the rush to beat the 3% stamp duty surcharge introduced in April, the prime London sales market quietened in the second quarter.

Read More

Notting Hill Report

August 2016   Well established as one of London's most culturally and ethnically diverse locations, Notting Hill is an increasingly sought-after place to live.

Read More

Bank interest rate cut should boost housing market

August 2016   Recently, the Bank of England cut interest rates from 0.5% to an all-time low of 0.25%, the first time the rate has changed since 2009.

Read More

Housing market in London shows little sign of Brexit decline

July 2016   The past few weeks have seen a number of hysterical news articles and doom-laden predictions about the housing market and how much money will be wiped off property values in the wake of Brexit. In all truth the majority of such stories are off the mark, aimed more at generating headlines than accurately reading what is a very fluid market. The simple truth is that it is just too early to predic

Read More

Chestertons Residential Observer - July 2016

July 2016   London house prices set to fall, surveyors warn House prices in London are set to suffer a more severe blow than any other part of the UK, according to the first major survey to be conducted in the wake of last month's Brexit vote.

Read More

Chancellor must consider stamp duty changes

July 2016   Philip Hammond, Theresa May's new Chancellor, should follow the Bank of England's lead and act to shore up house prices and keep sales markets moving by slashing or temporarily suspending stamp duty. The Bank's Governor Mark Carney has already lifted capital requirement restrictions on British banks in the wake of last month's Brexit vote. The Monetary Policy Committee (MPC) may also cut intere

Read More

Launching our Brexit Property Clinic

July 2016   Britain has voted for Brexit, and amid the ongoing political and economic uncertainty homeowners, buyers and landlords are wondering what's next for London's property markets, and where now for international property owners and investors? To ensure you're getting the best advice, why not contact the Chestertons Property Clinic? Just email property.clinic@chestertons.com and our panel of experts

Read More

Open mortgage tap should keep markets flowing and house prices afloat

June 2016   "I was as surprised as everyone else when I awoke on Friday morning to discover the UK had voted to withdraw from the EU. I had gone to bed with the pound soaring and Nigel Farage saying it looked like the Remain campaign had won it, and I slept soundly in the knowledge that "the markets don't often get it wrong", writes Cory Askew, Area Director, for Chestertons. "Sadly tha

Read More

Inside Westminster Issue 1

June 2016   The housing market in Westminster continues to face challenges. The number of house sales during 2015 was 15.4% down on 2014. The revision of the stamp duty system at the end of 2014 had a significant impact, with buyers often looking for sellers to lower their asking prices to offset the increased tax bill on the purchase.

Read More

Inside Mayfair Issue 3

June 2016   The prime residential property market across London continues to struggle. Changes to Stamp Duty have had a negative impact on sales of high-value homes, with buyers seeking price cuts to offset the increased tax.

Read More

Inside Brentford 

June 2016   Brentford is undergoing major modernisation, transforming the town centre with a mix of new shops, cafés, restaurants, offices and community spaces, as well as delivering new flats and apartments.

Read More

Inside Kew

June 2016   Renowned for its botanical gardens, Kew has become popular with people looking for generously proportioned period properties in a relaxed family-friendly environment with upmarket restaurants and shops, plenty of open spaces, parks and excellent schools.

Read More

How will EU referendum vote effect house prices

June 2016   Homeowners are understandably confused by conflicting forecasts by campaigners on both sides of the EU referendum debate as to how the outcome may affect house prices, with some on the remain side arguing the average UK home could be devalued by up to 20% in the event of a Brexit, claims that have been dismissed as scaremongering by Leave campaigners.

Read More

Prime Residential Sales Report - Spring 2016

June 2016   The first three months of 2016 saw a considerable increase in activity compared to the previous quarter. Valuations and instructions to market homes for sale were both comfortably up by more than half as sellers showed a determination to achieve a sale, rather than just marketing their properties at over-ambitious asking prices and hoping for the best.

Read More

How EU referendum vote could affect London's Lettings market

June 2016   With the EU referendum vote looming large, many landlords – particularly those reliant on tenant employed by multi-national companies or the financial services sector – are wondering whether a vote to leave will lead to an exodus of large employers, cooling tenant demand, or if a Brexit may boost the lettings market – at least in the short-term – as corporate tenants and

Read More

Inside Barnes and East Sheen

June 2016   There is a strong sense of community in Barnes and East Sheen, plentiful green open space and great riverside properties. In Barnes, outstanding local schools such as St Pauls, the Harrodian and the Swedish School continue to attract new people to the area from across London and further afield.

Read More

Why now could be right moment to put for sale sign up ahead of EU vote

June 2016   Why now could be right moment to put 'for sale' sign up ahead of EU vote Would-be sellers should think about putting their homes on the market now, as buyer demand in London remains healthy despite cooling buy-to-let interest and uncertainty ahead of the EU referendum, according to the latest data from Chestertons. The number of buyers registering for a property search with Chestertons was up b

Read More

House price rises exceed average earnings

May 2016   Last month we reported that some parts of London had seen house prices rise by more than £500 a day on average, driven by a rush to complete transactions ahead of a 3% stamp duty hike on additional home purchases and increased interest from overseas buyers tempted by the weak pound. Price rises in Kensington & Chelsea slowed or even fell backwards in March, but some boroughs continued

Read More

The rental market 2016

May 2016   Average rents on new tenancies in London in the three months to April reached yearly rises of 7.7% to stand at £1,543, more than double rents in the rest of the UK. The average UK rent for new tenancies (excluding London) was £764pcm6 – 5.1% up on the same period last year. Landlords are increasingly specialising in only letting to certain tenant types, especially if they

Read More

Chestertons Residential Observer Monthly Edition - May 2016

May 2016   People are lowering the asking price on their homes by almost a third in some parts of London in order to get a sale. Read our full report here.

Read More

More than half of landlords may raise rent

May 2016   Since 2014 we have been seeing many landlords selling up after a sequence of announcements by political decision-makers Robert Bartlett CEO Landlords' confidence has collapsed faster than during the depths of the last financial downturn, to an all-time low, and around 55% in a recent survey said they may have to raise the rent as a result of taxation changes aimed to deter buy-to-let investors

Read More

Prime Residential Lettings Report - Spring 2016

May 2016   The first quarter of 2016 provided a welcome improvement on the previous quarter: Property viewings were 30% higher and the number of new applicants rose by nearly a third. However, these numbers should be viewed within the context of the last quarter typically being the least active of any year.

Read More

Birmingham Residential Report 2016

April 2016   Birmingham is the UK's second largest city and the regional capital of the West Midlands. Over recent decades it has undergone a significant physical transformation with large areas of the city being regenerated.

Read More

What is Right to Rent 

April 2016   Nicola Thivessen, Head of Compliance at Chestertons, answers some of the most common questions thrown up by the introduction of new rules requiring all landlords in England to check on the immigration status of all new tenants from the beginning of February this year – so-called 'Right to Rent' rules. According to the Residential Landlords Association, 72% of landlords surveyed recently w

Read More

Off-plan sales dip could reinvigorate Londons house builders

April 2016   Developers could recalibrate their business models to deliver smaller, more affordable homes in future, according to experts at London and international estate agency Chestertons, responding to new figures showing off-plan sales of new-build London homes slowed down over the past nine months, and were down by a third in the first months of 2016 on the first quarter of last year. Off-plan sale

Read More

Chestertons Residential Observer - April 2016

April 2016   Housing is the most important issue for Londoners in the upcoming mayoral election, with 56% of voters saying it is one of the most important challenges facing the capital in a recent poll. This represents a shift from the 2012 election, when Londoners placed housing fourth after jobs, crime and transport in a similar poll.

Read More

Dollar and euro buyers set to pounce as Russians cash in on London homes

April 2016   Sterling's fall against the euro and the dollar has paved the way for wealthy foreign buyers to pile back into London's residential property market, while those who bought in currencies that are currently faring less well against the pound, such as the rouble, have made huge returns on their investments over the past five years and in many cases are now cashing out at the top of the market. Th

Read More

Residential Observer - April 2016

April 2016   House price rises slowed down from 13.9% in January to 13.5% in February. However, 22 out of London's 32 boroughs actually saw average price rises gather pace. Of all the London boroughs prices rose fastest in Hillingdon (17.1%) and slowest in Camden (3.6%).

Read More

House prices in some parts of London rising by 500 pounds a day

April 2016   House prices in London's more affluent boroughs have risen in some cases by more than £500 a day since the turn of the year, despite reports of a market slow-down and ongoing buyer uncertainty ahead of the London Mayoral and EU referendum votes, according to the latest analysis from Chestertons, a leading London and International lettings and estate agent. A flurry of buyers in the new

Read More

The Rental Market April 2016

April 2016   Read our London's rental market report for April 2016, will the 3% surcharge and the planned phase-out of mortgage interest relief impact you?

Read More

Under-tens reckon average UK three-bed home costs three thousand pounds

April 2016   New research, exclusively for Chestertons, has cast a light on British children's understanding of the property market, along with what aspects are most important to them when moving house; finding that the average child believes a three-bedroom house costs, on average, £3,000 and a treehouse, swimming pool and at least three good hiding places are considered among the most important factor

Read More

Tightening buy to let lending could squeeze renters still further

April 2016   New restrictions on buy-to-let lending signalled today by the Bank of England will do nothing to help first-time buyers on to the property ladder and could actually see rents rise even more steeply if landlords are deterred from buying properties or decide their business models are no longer viable in light of recent legislation and tax changes, warns London estate and letting agent Chestertons

Read More

Major changes to stamp duty and mortgage lending for buy-to-let investors

April 2016   ""This week two significant changes have been introduced that will directly impact buy-to-let investors: The Bank of England signalled its intention to restrict mortgage lending criteria for buy-to-let investors. The new 3% stamp duty surcharge on all second homes and buy-to-let property purchases comes into effect on Friday 1st April. If you're a landlord looking to grow your portfol

Read More

Chestertons Residential Observer - March 2016

March 2016   House prices rose more steeply than December, and for the fifth month in a row, to reach 13.9% in the year to January. The average house price in London now stands at £530,409, according to the Land Registry. Of London's boroughs, the strongest growth was recorded in Hillingdon (+15.5%), followed by Enfield (+15.2%).

Read More

Chestertons Residential Observer - March 2016

March 2016   In the three months to January, average UK rents, at £740pcm excluding London, were 5.5% higher than in the corresponding period a year earlier, according to the Homelet Index. Over the same period average rental growth in London slowed to 6.4% from 8% in the preceding three-month period. Average monthly rents in the capital are now £1,263.

Read More

Owner-occupiers set for rush to buy as buy-to-let flurry subsides

March 2016   People looking to buy a home to live in are set to dominate the market in London as the winter rush to beat April's 3% stamp duty surcharge for second homes and buy-to-let properties fades, with almost three times the number of people coming forward to register as buyers throughout February as in the previous month, according to Chestertons, a leading lettings and estate agent. With the Chancel

Read More

Little in Budget to boost house-building or residential property markets

March 2016   Chancellor George Osborne had little in his red box to boost would-be homeowners or landlords, and nothing concrete to support his 'we are the builders' boast when it comes to delivering the hundreds of thousands of new homes needed to meet demand and offer those trapped in Generation Rent hope of escape. He confirmed as expected that the 3% stamp duty surcharge on all second home purchases wil

Read More

Exciting off-plan developments and sought-after new homes

March 2016   There are a number of fantastic new developments in London that will soon be completed and welcoming their first residents and although most have sold out completely, Chestertons has a number of individual properties that have come back onto the market and are now available, and here our Head of New Homes Sales Archie Sykes pics his selection of some of the best on the market right now: Dollar

Read More

Three-quarters of London couples postponing marriage to buy a house

February 2016   More than three-quarters of couples living in London are choosing to postpone planning a wedding in order to get on to the capital's ultra-competitive housing ladder first. A survey, carried out by Chestertons, shows that for 76% of couples, buying a home is their top financial priority. With average house prices reaching well over the half-a-million-pound mark in London, and monthly price rise

Read More

Spotlight on ten London Investment Opportunity Areas

February 2016   The rapid expansion of the private rental sector in London is creating significant opportunities for investors. Chestertons researchers have selected the ten investment areas we are expecting to see some of the highest house price growth in London, which will all benefit from new infrastructure and regeneration. If London is going to reach its required one million new homes by 2020 then these r

Read More

The Smart Move

February 2016   The window to avoid the 3% stamp duty surcharge on second and Buy-to-Let homes is closing fast, and the flurry of sales is definitely slowing as deals agreed now may not complete before 1st April, says Cory Askew, Executive Director of Chestertons. Many agents are complaining that some deals will be held up in the conveyancing process, as property investors demand priority to ensure their purch

Read More

Affordability: the best of both worlds

February 2016   Affordability The best of both worlds: an impossible dream? Buying a house and getting married are two of the biggest events in life, and feature high on the list of life goals for both men and women. However, our research has shown that it's become difficult for us to have both, with only 50% of those we surveyed able to afford to get married AND buy a home together. So which to prioritise? Thre

Read More

London Prime Residential Sales Report - Winter 2015/16

January 2016   What price that first step on the property ladder? There are still plenty of buyers keen to get on the housing ladder, but only at the right price. This situation has been exacerbated by the media calling the peak of the London market and buyers thinking they can use this to negotiate prices down as a result.

Read More

Chestertons Residential Observer Monthly Edition - Winter 15/16

January 2016   Almost a million more people are living with their parents than 20 years ago, according to a study by the Office for National Statistics. More than six million young adults are forced to live with their parents, including 40% of people aged 15-34 and one in ten men in their early thirties.

Read More

London Prime Residential Sales Report Autumn-Winter 2015

January 2016   What price that first step on the property ladder? There are still plenty of buyers keen to get on the housing ladder, but only at the right price. This situation has been exacerbated by the media calling the peak of the London market and buyers thinking they can use this to negotiate prices down as a result. Stamp duty has also had a major impact, adding to the overall price-tag and, in t

Read More

Review of the Mayfair residential property market

January 2016   /SALES MARKET OVERVIEW The prime residential property market across London continues to struggle. Changes to Stamp Duty have had a negative impact on sales of high-value homes, with buyers seeking price cuts to offset the increased tax. Properties over £1.4m attract nearly 20% more in stamp duty under the current system; for properties above £2m the tax bill is around 54% higher than

Read More

First-time-buyer hotspots

January 2016   1. SOUTHWARK: Borough and Bermondsey soar in shadow of Shard SE1 has seen huge growth in both popularity and prices over the past few years. As the corporates have moved in the area has become increasingly trendy – Maltby Street Market and boutique-strewn Bermondsey Street complement Borough Market and the phenomenal redevelopment going on around the Shard. As well as a host of modern res

Read More

Chestertons Residential Observer Monthly Edition - Winter 15/16

January 2016   Average rents rose in the three months to October to reach £997 pcm, 9.7% higher than the corresponding period in 2014. Average monthly rents in London in the three months to October stood at £1,560pcm – 7.5% higher compared to the same period in 2014. The difference between average rents in London and the rest of the UK is now the highest on record. 

Read More

Our predictions for the 2016 sales and lettings markets

January 2016   2015 Review - £1m home sales almost 20% lower than in 2014; transactions over £1.5m almost 30% down - 21% fall in completed sales over the first eight months of 2015 - 2.4% decline in average home values over the year to September - Difference between average rents in London and the rest of the UK now a record 156% - New home starts in London in the first nine months of 2015 4.4% m

Read More

How do you solve the Downton dilemma

December 2015   Christmas Day 2015 sees the last ever episode of ITV's beloved Downton Abbey, when millions will tune in to catch a final glimpse into the life of luxury lived by the Crawleys, with real-life Highclere Castle in Hampshire standing in for the titular Yorkshire pile. Between its sprawling grounds and extensive array of butlers, valets and kitchen staff, it boggles the mind to think of the daily c

Read More

Research shows house prices rising fastest in the greenest parts of London

December 2015   House prices in parts of London known for having lots of green space and 'environmentally friendly' council services have largely outperformed average rises over the past two decades, according to the latest research from Chestertons. The Chestertons Green Boroughs Research 2015 has Hackney, Haringey and Tower Hamlet topping the pile as London's top three "greenest" council areas. Per

Read More

Shard development spearheads mini Southwark property boom

December 2015   London's Southbank around the Shard, which includes riverside Southwark, Borough and parts of Bermondsey, is experiencing a mini property boom driven by extensive regeneration, infrastructure improvements and residential development, drawing in young professionals and experiencing rapidly rising prices, according to Chestertons. Prices in the SE1 postcode have risen by 106% in the five years s

Read More

Ten estate agents secrets to help sell your home this winter

December 2015   Winter need not be a difficult time to sell your home. With an organised and well-executed marketing plan, you can tempt prospective buyers away from their festive preparations, and dark nights and poor weather can be overcome to present your home in the best possible light. Daniel Killick, Manager of the Kew branch of London lettings and estate agency Chestertons, shares his tips on making you

Read More

Chestertons Residential Observer - November 2015

December 2015   London Average price increases accelerated to 9.6% in the year to September. Annual prices are now once again rising faster in London than in any other region of the country, and the average house price in the capital is now £499,995.

Read More

Ten-fold Stamp Duty hike may deter pensioners from buy-to-let market

December 2015   Chancellor George Osborne's decision to add 3% to the rate of Stamp Duty for buy-to-let investors from April next year means it may no longer be financially viable for new entrants to the lower end of the private landlord market, and will have a disproportionate impact on pensioners looking to generate revenue in retirement, according to Chestertons. The announcement of the additional levy on s

Read More

Chestertons Residential Observer - November 2015

December 2015   The number of properties that sold for more than £1million fell in the first half of 2015. National sales are down by 11% compared with the same period in 2014, and sales of £1million-plus homes in London fell by 15%, according to research from Lloyds Bank.

Read More

Tower Bridge Residential Market Report

December 2015   The residential sales market in SE1 has been challenging this year, in terms of both falling transactions and slower price growth than last year. Sales across the first half of 2015 were around 6% lower than in the corresponding period in 2014. Nonetheless, owners are still enjoying average sales values in SE1 that are 70% above their pre-global-recession peak in 2008. Although uncertainty in

Read More

Reaction to the 2015 Autumn Statement

November 2015   Chancellor George Osborne's plans to generate a revenue surplus and fund the construction of 400,000 new homes, as announced in today's Autumn Statement, could be scuppered by the revised Stamp Duty system losing the Treasury around £3.5 billion over the lifetime of this Parliament, warns Chestertons, one of London's largest estate agents. Almost a year on from the introduction of the n

Read More

Chestertons guide to avoiding cybercrime during a property transaction

November 2015   Cyber-crime is a major international threat to global commerce and a real headache for banks, utilities firms, online retailers and the like – not to mention their customers. Given the large amounts of money involved, cyber-criminals are very keen to target property transactions. Chestertons presents a list of FAQs we hope will keep your personal and financial details safe and secure when

Read More

Chestertons Residential Observer - October 2015

November 2015   HMRC data show home sales fell by 7.4% in August compared to the previous month and were 1.9% down on August 2014. The supply of houses for sale has slumped to its lowest level for 11 years. Research from the National Association of Estate Agents (NAEA) reveals the volume of properties available to buy per estate agent branch fell to 38 in August, down 31% on the July figure of 55.

Read More

Canary Wharf Investment Report

October 2015   Already well established as one of Europe's pre-eminent financial centres, Canary Wharf is becoming an increasingly high quality residential location supported by numerous new bars, restaurants and excellent infrastructure links. Between December 2010 and June 2015, average new home sale values in E14 rose by 21.5% In the first half of this year were 11.3% higher than the average sold value i

Read More

Chestertons Residential Observer - September 2015

October 2015   Data from HMRC reveal that residential sale transactions in July were 2.4% up on the previous month and 8% higher than in July 2014. House building in England is now at its highest level since 2008 according to Government figures. In the year to June, 131,060 residential properties were completed, a rise of 15% on the same period a year ago.

Read More

Rugby World Cup can boost short lets market and house prices

September 2015   The Rugby World Cup arriving in England and Wales this weekend will be a major boost to the short lets market in host cities, as well as showcasing cities such as London, Cardiff, Leeds, Brighton and Exeter as nice places to live and work, boosting house prices in the medium to long-term, according to Chestertons. With half a millions fans, journalists and corporate guests arriving in the UK f

Read More

London Prime Residential Sales Report - Summer 2015

September 2015   After a subdued first quarter of 2015, there were high hopes that once the General Election was out of the way London's residential market would really take off. However, the post-election boom predicted by many commentators didn't transpire, other than for a brief flurry of deals in the days immediately following the poll - a "phantom bounce".

Read More

Rail and Tube strikes make office space top home improvement

August 2015   Home office space is fast taking over from ensuite or luxury spa bathrooms as the must have home improvement that can add value to a property, and is of particular appeal to those commuting in and around London beset by rail and Tube strikes, according to Chestertons. A home office capability is very important for corporate employees keen to utilise increased working flexibility, and allows wo

Read More

Docklands Investment Opportunities

August 2015   Over recent years, the Docklands area of London has proved one of the best investment opportunities in the capital, if not the UK. With average values in the region of £700 per sq ft, the area offers tremendous value for money for investors looking for value outside of Prime Central London, where prices of more than £3,000 per sq ft are being achieved. Studios and one and two-bedroo

Read More

House Prices July 2015

August 2015   The national housing market continues to labour under a shortage of available properties and affordability issues Nick Barnes The deceleration in London prices is being mirrored at national level with average annual growth slowing from 5.1% in April to 4.6% in May according to Land Registry data. Annual price growth accelerated in the South East to match London at 9.1%. The only other regio

Read More

Our quarterly review of the Mayfair residential property market

August 2015   Whatever your impression of Mayfair, maybe it's time to think again. Mayfair is fast becoming a must-have area for wealthy youngsters. With luxury retail brands, restaurants and leisure attractions, the age profile of the area is gradually becoming younger. Read our full report to find out more about this phenomenon

Read More

London and Paris Residential Market Report - July 2015

July 2015   This report, entitled A Tale of Two Cities, was commissioned to mark a new partnership between Chestertons, one of London's leading residential agents, and the well-established Consultants Immobilier, which has nine Paris offices and specialises in mid to upper-tier property sales and lettings. Read our full market update here.

Read More

News update for Landlords

July 2015   Mortgage relief to be phased out for buy-to-let landlords The Chancellor George Osborne's summer Budget statement will impact the rented sector, with Right-to-Buy extended to those in Housing Association homes, and social housing tenants earning more than £30,000 – or £40,000 in London – being told to pay market rents or move out. The Chancellor also announced he would r

Read More

Bold Budget aims to unlock home ownership for generation rent

July 2015   The Chancellor has signalled the Government's intentions to boost home ownership – by committing to unlock development, improve access to mortgages and deposits for first-time buyers and reform inheritance tax to allow people to pass on more substantial inheritances to their family – in a relatively bold Budget welcomed by Chestertons, one of London's leading residential agents. O

Read More

House Prices June 2015

June 2015   The expected post-Election pick-up in house price growth has yet to materialise. This is surprising given the shortage of available properties to buy and the strength of buyer appetite. Nick Barnes House prices - London Land Registry data reveal the rate of annual house price growth in the capital has been trending downwards since August last year although it remains robust (+10.9% in Apri

Read More

Docklands property resilient

June 2015   Neither the political posturing between global banking corporations and the Treasury nor the looming spectre of a possible Grexit and the knock-on effect of possible contagion are unlikely to dent soaring sales and lettings in Canary Wharf and Docklands, according Chestertons. According to Cory Askew, Chestertons' Area Director of Sales and Lettings in Canary Wharf and Docklands, uncertainty o

Read More

Chestertons Residential Observer - May 2015

May 2015   House prices - London The latest data from the Land Registry show that average sold house prices in London rose by 11.3% in the year to March. This is lower than the previous month's figure but nonetheless comfortably outstrips inflation. At borough level, annual house prices are still rising fastest in Newham (+19.8%) but Greenwich (+18.8%) now moves into second place.

Read More

London Prime Residential Sales Report - Spring 2015

May 2015   Although activity in the prime London sales market was subdued over the first quarter, there was nonetheless a notable improvement compared to the last three months of last year. Applicant numbers rose by an encouraging 44% and new instructions were 39% higher, resulting in the quarter end available stock figure increasing by 6% compared to the previous quarter end.

Read More

London needs 'virtuous circle of homes and jobs' to remain world-class

May 2015   The Chief Executive of London's top house-builders used an industry seminar hosted by Chestertons to call for a 'virtuous circle' of homes and jobs to keep London ahead of growing competition from China and the US and build on the resurgent housing market following the Conservative election victory earlier this month. Killian Hurley, CEO of Mount Anvil, joined a panel of experts including Jim P

Read More

The History of Hurlingham

May 2015   In the relatively short space of time since Chestertons Polo in the Park was first held at the Hurlingham Club in 2009, it has managed to earn its place alongside Wimbledon, the Boat Race and the London Marathon as one of the capital's most popular sporting events. Today, Chestertons Polo in the Park is the biggest three-day polo event in the world, and it showcases some of the best players fro

Read More

Election result will kickstart London property market

May 2015   The decisive result in yesterday's General Election has delivered a working Conservative majority, lifting the spectre of a Mansion Tax and major changes to private renting that had seen the London market almost grind to a halt. Leading London estate agent Chestertons now predicts both sales and lettings will once again explode into life, with sales of higher value properties set to soar and la

Read More

Chestertons Polo in the Park - The Rules of Polo

May 2015   As proud sponsors of Chestertons Polo in the Park, we've put together a handy guide to the rules of polo Chestertons As proud sponsors of Chestertons Polo in the Park, taking place over the weekend of June 5th-7th, Chestertons has put together a handy guide to the rules of polo. In order to create a more inclusive, spectator-friendly game, Chestertons Polo in the Park has made a few changes to

Read More

London Prime Residential Lettings Report - Spring 2015

May 2015   The signs of recovery apparent in Q4 last year gained traction in the first quarter of 2015 with all of the key indicators showing healthy uplift... Click here to read the full report.

Read More

Chrome April 2015 House Prices

April 2015   While price growth in the wider market picked up in February, it remains to be seen whether this represents a turning point in the cycle. Nick Barnes House prices – London Land Registry's House Price Index reveals that average annual price growth accelerated slightly in February (+13.1%), the first time since last August. This takes the average house price in London to £463,

Read More

Property Promises

April 2015   Click here to see our property policies matrix Although all of the main parties have now released their party manifestos, it is very likely that none of them will get a clear majority at the General Election on 7 May, so there is limited value in looking at their policies in isolation. Instead, let's consider where the areas of common ground lie and what the insurmountable differences will

Read More

Inside Mayfair Issue 1

April 2015   Read Inside Mayfair - Chestertons' incisive quarterly report on the property market and housing activity in Mayfair.

Read More

How pensions changes affect the property market

March 2015   From 6th April, those with 'defined contribution' schemes now have unprecedented access to an estimated £67.5 billion of pension contributions. Nick Barnes, Head of Research Read more at http://www.chestertons.com/research-and-insight/insights/how-changes-to-pensions-from-april-6th-will-affect-the-property-market/#5yizQZUeJv3u6U8b.99There are around 18.4 million people currently aged 5

Read More

Budget 2015: Chestertons Summary

March 2015   With the General Election less than seven weeks away, the Chancellor had little choice but to deliver a benign Budget aimed at attracting any undecided voters. With the General Election less than seven weeks away, the Chancellor had little choice but to deliver a benign Budget aimed at attracting any undecided voters.

Read More

Chestertons Residential Observer - March 2015 

March 2015   It is encouraging that more Government effort – national and local – is being directed towards increasing housing supply. However, a lot more still needs to be done.

Read More

London Prime Residential Lettings Report - Winter 2014-15

February 2015   2014 marked a turnaround in the fortunes of the prime London residential lettings market following a lengthy period of stagnation. The number of new applicants registered rose by 13% and agreed lets also increased, albeit by only a little under 1%. Available stock reduced by 13%, largely as a result of a number of landlords selling properties to take advantage of prices at or close to the peak.

Read More

London Prime Residential Sales Report - Winter 2014/15

February 2015   The final quarter of 2014 brought a further slowing in activity, with buyers and vendors more reluctant to commit to transactions. Read our full report here to hear our full review of the end of 2014/start of 2015.

Read More

Quantitative Easing - February 2015

February 2015   Having hinted on several occasions since August last year that unless Eurozone inflation (currently running at a headline rate of -0.2% against a target rate of +2.0%) picked up the European Central Bank (ECB) would be forced to take further action to stimulate the member states' economies, ECB President Mario Draghi finally announced a major programme of quantitative easing (QE) on 22 January.

Read More

Chrome February 2015 - House prices

February 2015   The prime segment meanwhile is experiencing further price slippage in some locations. Nick Barnes, Head of Research Top 5 London boroughs: house price growth Waltham Forest 25.1% Newham 24.2% Southwark 23.8% Lambeth 23.3% Lewisham 21.8% Land Registry reveal further slowing in annual house price growth in London, although at 16.3% in the year to December, average price growth remains

Read More

Chrome January 2015 - House prices

January 2015   Average annual sold price growth slowing in London – from 18.6% in October to 17.4% in November. Nick Barnes, Head of Research Top 5 boroughs Southwark 27.2% Lambeth 26.5% Waltham Forest 25.7% Lewisham 24.1% Haringey 23.7% House prices – London Latest available data from Land Registry show average annual sold price growth slowing in London – from 18.6% in Octobe

Read More

Chestertons Residential Observer - January 2015

January 2015   UK monthly transactions (non-seasonally adjusted) in November fell below the 100,000 level for the first time since April and were 10.2% lower than in November 2013. Nonetheless, total transactions for the year to November were still 3.9% higher than for the full year 2013.

Read More

Chestertons Residential Observer - December 2014

January 2015   Chestertons' review of the 2014 property market and our expectations for 2015. In addition to this we would like to wish all our readers a Happy New Year!

Read More

The future of London's residential market

December 2014   I would love for the government to stop meddling around with taxes and let us get on with building to meet the current undersupply of homes. Rob Perrins, Berkeley Group Property experts challenge government for 'more action and less talk' at Chestertons breakfast briefing More than 100 key players from the property industry joined Chestertons' exclusive breakfast briefing on 'The Future of Lond

Read More

Autumn Statement Reaction

December 2014   Chancellor has revised the SDLT system by moving away from the old "slab" system to a "progressive" one and introducing new thresholds Robert Bartlett, CEO Chestertons Reaction To The Autumn Statement Following on from today's Autumn Statement, Robert Bartlett, CEO of Chestertons gives his reaction: With the General Election less than six months away, the Chancell

Read More

Chestertons Residential Observer - November 2014

December 2014   The latest Housing Market Report from the National Association of Estate Agents (NAEA) shows that the number of people actively looking to buy property in September reached the highest level since 2004. However, the report also noted that the number of properties available to buy in September was the lowest for that month since 2002.

Read More

Chestertons Residential Property Research - Autumn 2014

December 2014   There are strong signs that the residential market in prime London has reached its peak in the current cycle. London’s prime residential lettings market continued to improve during the third quarter, although conditions remained testing.

Read More

Battersea Park branch opens

November 2014   Battersea Park branch opens The world's eyes are on the regeneration of the iconic Power Station and the historic Nine Elms district Katie Wilson, Battersea Park Lettings Manager all about the area Chestertons has a very strong network over the River Thames and further into the South West; with sales success and demand keeping very well along the river, which our new branch will support. The

Read More

Chestertons Monthly Property Market Review - November 2014

November 2014   The first signs of a slowdown in the housing market appeared in September as house prices across England and Wales fell by 0.2% from August to an average of £177,299, according to the Land Registry. However, this still represents a 7.2% uplift on the same month in 2013.

Read More

London Prime Residential Lettings Report - Autumn 2014

November 2014   London's prime residential lettings market continued to improve during the third quarter, albeit conditions remained testing. Tenant demand increased, reflecting continued employment growth and ongoing affordability issues preventing access to the sales market.

Read More

London Prime Residential Sales Report - Autumn 2014

November 2014   There are strong signs that the prime London market has reached its peak in the current cycle. The more subdued environment which characterised the Prime London residential property market in the second quarter continued throughout Q3 and now appears likely to persist for some time, possibly up until the General Election. Read our full report here.

Read More

Chestertons Best of Hidden London

November 2014   When a man is tired of London, he is tired of life. Dr Samuel Johnson London has many famous sights and instantly recognisable landmarks, but hidden down the side streets and tucked away off the beaten track are many equally fascinating, lesser known sights to be enjoyed. This booklet celebrates those hidden gems and shows you the sights of London that are often overlooked. Enjoy reading ab

Read More

Chestertons Residential Observer - October 2014

October 2014   There are a number of indicators pointing to a cooling in the housing market. Latest non-seasonally adjusted data (i.e. the actual numbers that occur over a period of time) for house price growth from official sources suggest a moderate slowdown in price growth and mortgage lending.

Read More

Chestertons Monthly Property Markets Review - October 2014

October 2014   Since the previous peak in the market before the recession prices in London have more than recovered and the London average house price is now a third higher than in February 2008.

Read More

Lets with Pets

October 2014   Chestertons is proud to support Dogs Trust's scheme. With over 30 offices across London, Chestertons is one of the largest estate agents in London and, with our award-winning Lettings division, we help literally thousands of people find rented accommodation every year. As a supporter of the scheme, we undertake to encourage our landlords to consider letting their properties to tenants with pet

Read More

Chestertons Monthly Property Markets Review - September 2014

October 2014   In the year to July house prices across England and Wales increased by 7.2%, and by 1.7% from June, to an average of £175,653, the latest house price index figures from the Land Registry reveal. All 10 regions saw annual house price increases above the rate of inflation with London topping the charts at 19.3%. For the first time since May 2010 a region, other than London, recorded double digit growth as house prices in the South East in July stood 10.2% higher than a year earlier.

Read More

Chestertons Residential Observer Monthly Edition - September 2014

September 2014   Gross mortgage lending reached an estimated £19.1 billion in July. Nick Barnes Report Highlights Highest ever fall in August house asking prices July mortgage lending volume reached highest monthly level since August 2008 Homes located 500 metres from a tube or rail station command a 10.5% premium The average loan-to-value ratio for London mortgages is 75% Stormy Cloudy Settled Fai

Read More

London Prime Residential Sales Report - Summer 2014

September 2014   The prime London residential sales market appears to be reaching a plateau with the second quarter marking a distinct change in attitude on the part of both buyers and vendors. Many buyers became noticeably more nervous about pricing both in terms of the sustainability of recent growth rates and with regard to value for money.

Read More

Chestertons Residential Observer - August 2014

September 2014   The latest Homelet Rental Index reveals that average London rental values rose by 9.4% in the 12 months to July, taking the average monthly rent up to £1,429, whilst London annual house price growth slowed in June – but remains strong at 16.4%.

Read More

London Prime Residential Lettings Report -Summer 2014

August 2014   With the economic recovery gathering momentum and simultaneously boosting the employment market, households are feeling more confident about property commitments.

Read More

Chestertons Residential Observer - July 2014

August 2014   Monthly rents in the 12 months to q1 2014 averaged £1,633 in Inner London and £1,245 in Outer London. Valuation Office Report Highlights Q1 London house sales up by 26% compared to Q1 2013 26 of London's 33 boroughs now seeing double digit annual house price growth Over half of UK homes not covered by mortgage protection insurance Average equity loan size rose by 17% in first ha

Read More

Chestertons Monthly Property Markets Review - July 2014

July 2014   The National Association of Estate Agents (NAEA) has reported a noticeable slowdown in first time buyers' in June, with sales falling 20% from May. The struggles are particularly apparent in the 18 – 30 years old age bracket which accounted for just 3% of first time buyer sales last month, the lowest reading since the NAEA started tracking sales.

Read More

Housing market faces potential double whammy

July 2014   UK household debt at the end of March 2014 reached its highest level since 2009. Nick Barnes, Head of Research The warning from Bank of England Governor Mark Carney at the recent Mansion House dinner that Bank Rate could rise earlier than anticipated - possibly by early next year – is likely to set alarm bells ringing in the housing market. This concern will be enhanced by the p

Read More

Chestertons Residential Observer - June 2014

June 2014   Annual house price growth in London accelerated sharply to 17% in April, whilst UK residential sales in the first four months of this year were 30.3% higher than in 2013.

Read More

Chestertons Monthly Property Markets Review - June 2014

June 2014   Signs of a nationwide housing recovery are growing stronger as all 10 regions across England and Wales saw house prices outpace CPI on an annual basis, according to the latest data from the Land Registry. 

Read More

Chestertons Residential Observer - May 2014

June 2014   Average house price inflation slowed again in March, although at 12.4% the annual growth rate remains steamy. The picture looks even more dramatic at borough level, with four boroughs recording growth in excess of 20%, led by Waltham Forest (+23.5%) and Lambeth (+21.9%).

Read More

Housing market recovery continues but regional imbalance remains

April 2013   Surplus public land needs to be released, much more quickly and with fast track planning consent. Nick Barnes The housing market shows continued signs of recovery, however, there remains considerable regional variation. HMRC reports that transaction numbers rose by 6.3% in February; which is up by 7.3% compared to February 2012. Whilst Land Registry data points to modest price growth – av

Read More

Will the Olympics be good for London?

July 2012   I remember arriving in Barcelona in 1992 and the excitement about the Olympics had evidently given the city a huge lift. Robert Bartlett Robert Bartlett, Chestertons' CEO and a former rower who represented team GB in the 1992 Barcelona Olympics, takes a look at how the previous two European cities to stage the games fared afterwards. Barcelona 1992 The 1992 Barcelona Olympics were extremely

Read More

In the fields of Chelsea

September 2011   I have recently completed the history of a house in a quiet terraced row off Fulham Road in London. Today, the house sits within a popular location in sought-after Chelsea, but when the house was first built it sat in amongst fields and market gardens. Seymour Walk - Chelsea No.36 Seymour Walk was completed in the early years of the 19th century, around 1810, in a small village known as 'Li

Read More