The Market

‘The tide has now turned’, declares Benham & Reeves, as values bounce and stock levels decline

The average UK house price increased by 13.2% in the year to June 2021, up from 9.8% in May, according to the latest official UK HPI.

Those who took advantage of staggering price depreciation in some of the world’s top centres are starting to reap the rewards, writes Mickey Alam Khan…

Auctions are an increasingly popular choice for clients fed up with delays, says Knight Frank, reporting recent sales including a £1.3m apartment in St James’s and an £8m ‘trophy asset’ in Covent Garden.

Savills Mayfair has reported a strong run of sales in Connaught Village, describing the Bayswater neighbourhood as a ‘hidden gem’.

“The demand for new ways of living will drive the market for many years to come," says national estate agency Strutt & Parker as it suggests that UK house prices will rise by up to 35% over the next f…

"The property sector has defied expectations and seasonal norms by remaining remarkably busy for the time of year," says buying agency Garrington in the August edition of its video review of the property …

Coutts bank has highlighted some prime London locations that have seen notable shifts in property buying activity compared to pre-pandemic times.

Property markets are surging around the world. But "there are good reasons to think this will mark the last house price boom for the next 30 years," says Capital Economics.

Asking prices have fallen for the first time this year, driven by declines at the top-end, but Rightmove is predicting an Autumn bounce for the property market.

Hollywood stars and their production teams are an increasingly important source of deals, says Knight Frank.

Rental homes are "increasingly being used as a stop-gap by house-hunters faced with a lack of stock to buy," says Hamptons' research chief, Aneisha Beveridge.