The Market
Prime London buyer demand is running 72% above the five-year average, while property supply is 12% down
Prime London Market Snapshot: Knight Frank's latest indices tell of a significant mismatch between property supply and demand in both the sales and rental markets.
‘The outlook for both prices and rents remains a little worrisome’ – RICS
Buyer and tenant demand increased further in January, while the supply of properties for sale and rent continued to fall short.
Ten-year house price inflation data highlights North-South divide
Margate in Kent has seen the highest rate of property price inflation of any UK town over the last decade, reports Rightmove, in new data that highlights how house prices have escalated at a faster rate…
Rental prices bounce back as demand outpaces supply
"The post-pandemic ‘recalibration’ of the rental market is well underway," says Zoopla's research chief, Gráinne Gilmore.
Solving the Airbnb conundrum: Why more regulation is not the answer
As the Government weighs up new planning rules for short-term rentals, Charles Mieville and Victoria Du Croz look at the practicalities and outline the likely effects on the property market…
Most home-owners want higher SDLT surcharges targeted at overseas buyers & landlords
The majority of home-owners and buyers in England and Northern Ireland agree that Stamp Duty is "outdated" and in need of major reform, according to a survey by mortgage lender Butterfield.
Property boom is ‘now coming to an end’ as sales supply runs dry
"Regional property markets in the UK are coming perilously close to running out of any stock whatsoever to sell," warns a data company.
‘The Return of the Roaring Twenties’: On Mayfair’s trophy home bonanza
"Like the 1920s we are seeing penthouses and mansions in Mayfair selling well and rising dramatically in value," says Peter Wetherell.
Looking for a needle in a haystack: PCL buying agency highlights ‘acute’ stock shortage
Black Brick has invested in new tech to help bring elusive vendors out of the woodwork
Treasury enjoys record Stamp Duty receipts
"Receipts continued to be driven by strong activity at the top end of the market," notes Savills.
Rightmove reports busiest ever January; buyer demand over 20% higher than pre-Covid levels
Property portal flags "early signs of a better-balanced market over the course of 2022" as valuation requests jump.
Property sellers achieved 98% of original asking prices in 2021, on average
The average asking price across England & Wales in 2021 was £326,212 in 2021, while the average achieved price £319,119.