The Market
UK prime resi prices set to rise 9% this year, but PCL’s bounce ‘has been delayed’
Runaway property price growth in the regions is likely to soften from next year, predicts Savills, while Prime Central London prices are set for a sharp upwards bounce once international travel resumes
Bumper H1 for Savills’ development land division
£1.25 billion worth of sites were transacted in the first six months of the year, 48% up on the three-year average, and there’s ‘no sign of a summer lull’
Prime London simmers down after record-breaking deal surge
Transaction volumes were 39% below the five-year average last month, reports LonRes, but ‘key metrics suggest the prime London markets are holding up well’.
Why the supply & demand imbalance will likely reach its peak this summer
The UK property market should start putting the distortions of the last 18 months behind it from the autumn, says Tom Bill
Prime London’s rental market ‘continues its journey back towards normality’
“The see-saw of high supply and low demand is tipping back the other way,” says Knight Frank. “Demand is coming from multiple sources and rental values are getting stronger as a result.”
A history of estate agency regulation, 1979-2020
In advance of new ROPA legislation, the House of Commons has published a potted history of estate agency regulation since 1979's Estate Agents Act.
Coastal homes are selling 20 days quicker than pre-pandemic, as city-to-seaside demand doubles
Rightmove has flagged "a more sustained shift in buyer preference than initially thought" as demand for seaside properties outpaces demand fro city living.
Prime London property sales drop sharply as Stamp Duty holiday unwinds
Annual property price inflation in Prime Central London has picked up to 0.8%; the highest rate since May 2016.
Building material costs likely to rise by 10% over the next year
Construction growth - led by the private housing sector - is placing new pressure on labour and supply chains, warns the RICS.
£68.8bn-worth of homes were sold in the first half of this year
London's NW3 is the most valuable postcode of the year so far, with £262.5m-worth of residential property changing hands.
How the pandemic has ‘transformed the way buying agents are seen’
"Something that was seen as a luxury before has become essential": With insights from Property Vision, Thea Carroll, Garrington, Haringtons, Prime Purchase and Stacks, PrimeResi explores how property buying…
Ranked: Top ten London boroughs for bargain hunters
Buyers in search of a hefty discount should head to Lambeth, Hammersmith & Fulham, Camden, RBKC and Wandsworth, suggests London agency.