The Market

Any re-balancing between supply and demand in the lettings market will only come later this year at the earliest, says Tom Bill

3.3% of private homes in London changed hands in a 12 month periods, with eight boroughs seeing more than one in every 25 homes sell.

"There are looming challenges," warns RIBA's research chief, "but overall architects are optimistic about the months ahead."

The average asking price of a property listed for sale outside London on OnTheMarket in December was £364k, up 3.7% from the same month last year. Within Greater London, the average asking price was £1.

“London’s super-prime markets stellar end to the year is evidence of the influence that the pandemic-fuelled desire for more space has on residential markets," says Savills.

Hamptons estimates that around half of all new landlord purchases last year used a company to hold their buy-to-let property.

"Early-bird sellers who got themselves ready to come to market are now benefitting from the busiest start to the year that we’ve ever recorded," says Rightmove.

Boutique agency reports another flurry of high-end sales in and around St John’s Wood - which continues to be one of the most popular areas of London for prime buyers

Index records 'dramatic' shift in price growth pattern across England & Wales, as London & the South East surge

Buyers ‘bought bigger and spent more’ in 2021, reports LonRes - and sales volumes are set to surge again over the coming weeks…

"Following a bit of an exodus from cities during the pandemic we saw prices in regional areas start to soar, but that will stabilise this year," predicts Colliers' Head of Residential - "although areas…

New rules mean holiday lets must be rented out for a minimum of 70 days a year to qualify for lower local tax rates.