London’s prime property market gears up for a busy autumn & winter
New data from LonRes suggests activity levels could be about to rise again in the capital…
‘Full house’ as asking prices hit record highs in every region & market sector
Every region and market sector saw asking prices rise to a record high last month, reports Rightmove; it’s the first “full house” since 2007.
Students outpace corporate tenants in rental market ‘sprint’
With supply levels running so low, ‘frustrated’ companies are having to consider outer-lying parts of the capital and alternative options to house their employees, reports Knight Frank.
Scottish prime country houses see highest price growth in 14 years
Scotland’s top-end property prices have climbed by an average of 5.9% in the last year, with Edinburgh seeing 8.5% growth, according to Knight Frank’s analysis.
Infography: How far will £1m stretch in & out of London?
London’s average £1m home is only a third (36%) bigger than the overall average-sized home in the capital, says Savills. Buyers would get an average of 70% more space if they looked beyond the M25.
London’s super-prime tenants scramble for options as supply dries up
Landlords are now calling the shots in the capital’s most exclusive postcodes.
The Great Recalibration: Is the rebalancing of London and regional property markets here to stay?
The number of £1m+ homes outside of London grew by 95,500 in the 18 months to June 2021, while in London, they rose by less than a fifth of that figure. Lucian Cook looks at whether this was a one-off or part of a more permanent rebalancing.
The total value of British homes has climbed by £1.6 trillion in the last five years
A sharp acceleration in property price inflation means that the combined value of British homes has climbed by £550 billion (a third of the total five-year increase) in just the last 12 months, according to Zoopla’s automated valuations.
‘Little reason to believe’ property supply & demand imbalance will be resolved anytime soon – RICS
Average house prices increased again in September, but the latest RICS data suggest that the pace of growth is decelerating.
Lettings market rally ‘signals return of London as a global destination of choice for employment and education’
Investment firm LCP reports a surge in enquiries from overseas following the easing of travel restrictions.
Prime London Market Snapshot: Rents roar while sales ‘return to normal conditions one step at a time’
“There has never been a busier lettings market at any time over the last 20 years,” says Knight Frank’s head of prime lettings, David Mumby. PCL’s sales market, meanwhile, “is returning to normal conditions one step at a time.”