PCL transaction volumes hit a five-year high
‘The full force of the demand that has built up over the last year will only be felt once international travel restrictions are relaxed’, says Knight Frank.
Domus Nova launches top-end short-let sister brandÂ
Domus Stay promises to “open the doors to some of London’s most outstanding homes for short-term rentals.”
Landlord property sales drop to a seven-year low
131,900 buy-to-let homes were sold-off by investors in 2020, says Hamptons; the lowest number since 2013.
Property market gained ‘significant impetus’ in March – RICS
The consensus amongst surveyors is that renewed property market momentum following the extension of the Stamp Duty holiday will be “sustained over the near term.”
Mapped: Super-prime lettings deals across PCL
Demand in the £5,000 per week range hasn’t been dented by the pandemic, reports Knight Frank, although travel restrictions have kept a lid on deal volumes so far in 2021.
London’s super-prime lettings market surges
Another agency is reporting a significant pick-up in top-end rental activity.
Vaccine tycoon reportedly rents Mayfair mansion for £50k per week
It’s being reported that the Chief Executive of the Serum Institute of India has agreed to pay a massive £50,000 per week to rent a 25,000 sq ft mansion in Prime Central London.
Cornwall overtakes London as Britain’s most searched-for property location
“The huge population of London means that traditionally it’s the most searched for location,” says Rightmove, “but the appeal of the coast and the countryside over the past year has seen Cornwall crowned the new capital.”
Stock drought fuels rent inflation outside London
Half of landlords reletting their property increased the rent this year, says Hamptons; that’s the highest figure since 2016. In London, however, only 37% of landlords were able to raise rents.
‘Upward pressure on house prices shows no sign of easing’ – RICS
Most surveyors expect property sales activity to pick up in the coming months, thanks to Budget certainty and the easing of national lockdown restrictions.
Inner London rental searches double as tenants look to return to city life
There’s “a growing trend of people wanting to move back to urban hubs,” says Rightmove, as the portal reports “a significant shift in search behaviour”, with more tenants looking to rent in London Zones 1 and 2.
Return to school drives sharp pick-up in sales & lettings enquiries
“Home schooling is turning to home searching,” says Carter Jonas, as parents “refocus and prepare for a move in time for September 2021 and the start of the new school year.”