Black's Property Blog

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

Under 100 days to the general election on May 7th - the starting gun has fired - and nothing has happened...

Under 100 days to the general election on May 7th - the starting gun has fired - and nothing has happened...

by Adrian Black, Thursday 29 January 2015

The election will be upon us much sooner than we know. It’s really interesting that the 100 day countdown arrived this week - and there was virtually no interest.  I expect because there are no real stand-out polices that attract attention. In reality, the debate will focus heavily on the economy; the UK has a massive and growing deficit in absolute terms.  Already this y

Read more...
Is Mansion Tax going to morph to a tenant tax?

Is Mansion Tax going to morph to a tenant tax?

by Adrian Black, Thursday 22 January 2015

Just a simple observation that tenants pay council tax.  If the bands of council tax are changed or the amounts payable at each council tax band are increased then this will simply have the effect of increasing the cost of living for tenants.   Given that the number of people who let is expected to increase - this simply increases the cost of living for this constituenc

Read more...
Swiss abandon Euro exchange rate cap

Swiss abandon Euro exchange rate cap

by Adrian Black, Friday 16 January 2015

Much more financial instability and the pressures continue to lead to cracks opening in the financial system.  We all know that the Euro is somewhat artificial and that much of the economics and economies that support it are opaque and probably have much larger deficits than are reported. So, although the UK has a huge and growing cumulative deficit, it is a standalone deficit, economy and

Read more...
As predicted, spend on London property has fallen sharply - perhaps by a half, possibly more

As predicted, spend on London property has fallen sharply - perhaps by a half, possibly more

by Adrian Black, Thursday 08 January 2015

The latest Land Registry information analysed for west prime central London property market shows a very sharp drop in spend on residential property in the area. In the graphic below contains data up to the first two weeks of November. I would not be surprised if the full November report when known showed spend in November 2014 at perhaps as low as a half – perhaps a third? of th

Read more...
Average sold prices drop

Average sold prices drop

by Adrian Black, Thursday 18 December 2014

Average sold prices have been dropping in our London areas since peaking in July (see the graphic below, the data is correct up to the first two weeks of October). The recent stamp duty changes will cause further price falls as it has essentially increased the cost of buying property in our areas. Average sold prices can be substantially effected by the mix of property sold - a very high

Read more...
West Prime Central London Property Market Is Categorising

West Prime Central London Property Market Is Categorising

by Adrian Black, Thursday 11 December 2014

West prime central London property market is categorising - as we predicted in the 2014 Q3 issue of YOUIQ. Read the full article here. Recent exchanges of £4.8m on a family house listed at £4.95m; £3.35m on an apartment originally listed at £3.9m by another agent and &

Read more...
Autumn Statement - more tax on London property

Autumn Statement - more tax on London property

by Adrian Black, Thursday 04 December 2014

As we predicted the tax take rates on London property is increasing and I also expect it will increase further - also the tax take from non-doms is increasing.   A 50% hike in the Annual Tax on Enveloped Dwellings was an easy target and one we expected as we have signalled before. Stamp duty rises on homes over roughly £1m are significant and accelerate as valu

Read more...
Understanding the value of stock

Understanding the value of stock

by Adrian Black, Thursday 27 November 2014

If the value of housing stock has soared by £630bn in a year and new build is still very modest then there has to be something wrong with planning policy (with which a number would agree). It’s not really the value of housing stock that has increased by £630bn, but the value of land that the houses sit on which has increased - since a brick is still a brick and c

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.