Black's Property Blog

Adrian Black delivers critical property market insights and the influences, behaviour and money driving them.

300,000 new homes a year will get us back on track

300,000 new homes a year will get us back on track

by Adrian Black, Thursday 16 April 2015

As I have mentioned in previous blog posts, we are not building enough new homes. Planning policy and, arguably, greenbelt policy are holding us back. Constructing 10 new garden cities is a bold idea and one that should be embraced and supported. It is projected that the plan could lead to 300,000 new homes a year.   Further details at

Read more...
Spend on west prime central London property heading to more normal levels - vendors just don't have to or don't want to sell

Spend on west prime central London property heading to more normal levels - vendors just don't have to or don't want to sell

by Adrian Black, Thursday 02 April 2015

When we look back we will see that 2014 was an exceptional year for spending on property in West Prime Central London. In spite of the upcoming general election, spend in the area for this quarter will be at around normal levels looking back over the last 10 to 12 years. We estimate that about £1.2bn will be reported as being spent on property in this area in Q1 20

Read more...
Budgets, Balancing, Asset Sales, Home Building, the Green Belt and House Prices

Budgets, Balancing, Asset Sales, Home Building, the Green Belt and House Prices

by Adrian Black, Thursday 19 March 2015

There is a lot in the title, but it’s all important to consider when projecting the future of the housing market. Budgets, as we all know, are balancing acts. And at the moment all political nous is focussed at getting more vote support for the upcoming election. The Help-to-Buy ISA is another potential £3,000 free boost to a buyer’s deposit - it will b

Read more...
The west prime central London property market is stabilising

The west prime central London property market is stabilising

by Adrian Black, Thursday 12 March 2015

The slowdown in our west prime central London areas is stabilising after the drop in the spend on residential property in November and December. The final column in the graph below is for roughly half of January, so doubling the number will show the approximate outcome. Buyers are out there. They are cautious but also, at the same time, concerned not to miss the type of property t

Read more...
How low will mortgage rates go ?

How low will mortgage rates go ?

by Adrian Black, Thursday 05 March 2015

I’ve been wondering about this very matter recently. Each week more offers appear. 10 year fixed rates for 2.79%; 2 year fixed rates for 1.18%. This is certainly good for the housing market.  Also, it is a sign that the effects of quantitative easing are finally becoming available to consumers - it has taken some time ! Yes the mortgages are for low loan to value loans

Read more...
Green Belt

Green Belt

by Adrian Black, Thursday 26 February 2015

More supporting argument to build on a little green belt offered by Baron Valentine in today’s City A.M. We have run the arguments in previous blogs but doesn’t do any harm to continue supporting them. Main points: Only one fifth of London’s Green Belt is environmentally-protected land, parks and public access land 76% of the Gre

Read more...
There are buyers about but they are being very selective

There are buyers about but they are being very selective

by Adrian Black, Thursday 19 February 2015

Against the background of running up to the general election, but a firming in the odds of the Conservatives winning most seats (about 8/11 on versus Labour at 5/4 against) buyers are looking but being cautious and selective. Given the current outlook I expect the total spend on residential property in 2015 in our west prime central London areas to be meaningfully below the spend

Read more...
It's not deleverage - it's releverage times 1.4 and some of this cash has fuelled the London property boom

It's not deleverage - it's releverage times 1.4 and some of this cash has fuelled the London property boom

by Adrian Black, Thursday 05 February 2015

Very interesting article today on the BBC based on reseach by McKinsey regarding debt growth since 2007 – it’s not surprising that a lot of the cash arising from this has found its way to buying London properties. Key points According to a new study by the influential consultancy McKinsey Global Institute, global debt has grown by $5

Read more...

Subscribe

Sign up for the latest posts via RSS Rss.

Curious about the value of your property?

Get a free, no-obligation valuation and receive a YOUeye report for your property and local area.