The Market
Heatmapped: ‘Staggering’ regional price growth slackens off
Some of the heat has come out of the UK's regional markets in the wake of June's stamp duty deadline, but prices 'remain resilient in the round', reports Acadata.
London landlords ‘in the driving seat’ as rental supply plunges 58%
Chestertons has seen tenant demand soar by 55% over the last year, while the number of properties available to rent has plunged by 58%.
Regional town & city markets shine as buyers seek out ‘best of both worlds’
The race for space is evolving - but where are buyers choosing now, and what are they getting for their money?
Stamp Duty holiday should not have been extended, says RICS
“We would urge the Government to undertake a full-scale review of the current stamp duty land tax system," says the Royal Institute of Chartered Surveyors.
Sales & new listings dip as property market ‘takes a breather’
House prices "are expected to continue to climb higher over the year to come," says the RICS, "albeit the pace of increase is likely to subside somewhat in the months ahead."
Prime market accounting for 12% of London sales
3,381 £1m-plus resi sales were lodged with the Land Registry in the capital during H1, with 117 breaching the £5m mark.
Prime London property market ‘shrugs off’ end of stamp duty holiday
"We can confidently predict a strong end to the year," says Knight Frank, "just less frenetic than the first six months."
Budget 2021 date set for 27th October
Tax increases are likely at HM Treasury's Autumn event.
Rent inflation reaches a decade high as tenant demand jumps by a third
"This unprecedented rate of growth is driven by the post-lockdown reopening of cities, and a return among tenants to the city rental landscape," says Zoopla.
Nearly three-quarters of sales are going to competitive bids, reports north London agency
‘The reports that the property market reached its peak at the end of the stamp duty holiday are unfounded’, says Arlington Residential.
Second home-owners cash-in on ‘lucrative’ holiday let relief
Pandemic support grants for second homeowners "will have been far more lucrative than 'business as usual' for many," says Altus Group.
Prime London buyers still splashing out on larger homes
More than half of properties sold over the summer had three or more bedrooms, reports LonRes.