While residential property sales in London and south-east England are starting to drop, the commercial property market is on the rise. House prices in the capital fell by 0.7% in H1 2018 and transaction levels decreased by 20%, year-on-year. The number of properties marketed above £2m ($2.6m) in Q3 2018 was 25% lower than Q3 2017. In London, there were more new listings for sale last year than at any time since 2011, with a total of 1,598,700 homes sold – up from 979,500 units in Q1 2017 Of the lending, 53% was from acquisition finance and 14% of loans financed property portfolios.
While residential property sales in London and south-east England are starting to drop, the commercial property market is on the rise. House prices in the capital fell by 0.7% in H1 2018 and transaction levels decreased by 20%, year-on-year. The number of properties marketed above £2m ($2.6m) in Q3 2018 was 25% lower than Q3 2017. Meanwhile, H1 2018 saw £22.5bn of commercial property lending, 27% higher than H1 2017, according to Cass Business School's latest report on commercial property lending. Of the lending, 53% was from acquisition finance and 14% of loans financed property portfolios.