Prices for both commercial and residential property seem to go up, especially in London.
A very interesting article in The Guardian tells the story of a nice elderly couple from Ashford, UK, which has built a property empire worth £280 million. It's simply amazing what you can reach, if you start at the right time and in the right place.
Property-related indexes are falling on LSE, according to an article in Financial Times. Many analytics mention in their comments, that current property prices in the UK are "unrealistic". Maybe they have been talking about it for long enough to actually cause price drop in the end.
Despite high prices and rising interest rates, recent figures from mortgage lenders show that the property market is acutally booming, writes BBC. I personally find it hard to explain, taking into account the fact, that the affordability levels are falling throughout the country, and especially in large towns, and the first time buyers often require parents' help to get on the so called property ladder.
An article in FT cites a recent report about tax levels around the world. Not surprisingly, United Kingdom has one of the highest levels in general and in property it has actually scored the first place.