Wealthy overseas buyers prepare to swoop on UK’s super-prime market
‘Be ready now to beat the rush when the flights resume’, Knight Frank tells vendors…
Property portal reports record traffic, but vendors continue to wait
Record numbers of people are browsing the internet for a new home – but there’s a dearth of new sales listings…
Lloyds expects house prices to fall this year
Lloyds Banking Group predicts that average property prices will fall by 3.8% by the end of 2021, with a downside risk warning of negative growth until at least 2024.
Knight Frank picks Notting Hill as one of the world’s top ten neighbourhoods ‘primed for growth in a post-pandemic world’
KF’s Wealth Report 2021 identifies ten “up and coming” prime residential locations around the world, including four in Europe.
Five Trends: Buying agency picks top PCL themes to watch
Which parts of the market are looking more vulnerable to the 2% overseas surcharge? And which streets are likely to prove ‘bullet-proof’ regardless of wider economic events?
Future Homes Standard: The impact on build costs, supply chains & land values
Higher build costs to adhere to the government’s stricter energy requirements are already being factored into land bids, writes Lydia Mclaren…
Stamp duty holiday ‘to be extended until end of June’
Reports claim the Chancellor is planning a boost for the property market in his upcoming Budget.
26% of global UHNWIs are planning to buy a new home in 2021
“The pandemic is supercharging demand for locations that offer a surfeit of wellness,” says Knight Frank in its new Wealth Report “– think mountains, lakes and coastal hotspots.”
Auction buyers unswayed by remote shift
Allsop’s first resi sale of 2021 raised more money than a ballroom event put on at the same point last year.
Off-plan sales numbers slip
The share of new homes being sold off-plan has fallen from a peak of 39% in 2016 (c.69,000 units) to 33% in 2020 (c.49,000 units), according to a new index from Hamptons.
Fairway tees up another PCL acquisition drive
PCL-focused resi fund has so far bought ten properties in Belgravia and Knightsbridge with a combined value of £70m, and is now looking to deploy another £50m.
RBKC gets tough on owners of empty homes
Council to trial the use of Empty Dwellings Management Orders and forceable sales in ‘severe circumstances’.