The Market

“Labour is the party of homeownership," declares Shadow Housing Secretary Lucy Powell, aping the traditional Tory mantra.

With demand levels running high, sellers ‘don’t feel the need’ to offer a discount right now, according to Chestertons.

Property is now the world’s most significant store of wealth, says Savills; more valuable than all global equities and debt securities combined, and worth almost four times the entire global GDP.

“None of our analysis suggests (at least outside of London) any systemic failure in converting planning permissions to development by the industry”, concludes planning consultancy Lichfields.

A tenant’s market has become a landlord’s market in the last six weeks, reports Knight Frank, as offices re-open and air traffic rises.

"Activity in the residential investment sector is once again picking up", says buying agency Garrington, although the firm reports "a different profile" of buyer in the sector

The capital's three Royal Boroughs - Kensington & Chelsea, Kingston and Greenwich - have underperformed Greater London's average property price growth over the last five years.

Brexit and Covid have utterly changed the landscape in terms of what it costs to renovate a property - but the marketplace remains massively underprepared and ill-informed, warns buying agent Guy Meacock… …

Proposed new tax rates targeting major housebuilders are due to bee confirmed in the Autumn Budget.

Asking prices have reached an all-time high, says Rightmove, as competition among potential buyers to secure their next home is now more than double what it was this time in 2019.

37% of sales agreed in August were for more than the original asking price, reports Propertymark, as demand continues to rise and supply to fall.

Savills has looked into how much "profit" people made from selling their home during the pandemic, thanks to rampant house price inflation.