The Market
Property transactions leap by 28% in a typical March
The traditional Spring market bounce sees property transaction numbers jump by an average of 28% in March, according to new analysis by Jackson-Stops.
‘Clock is ticking’ for buyers & sellers as normality beckons
Eyebrow-raising house price growth may be coming to an end, says Knight Frank
Supply improves but agents’ books ‘are still bursting with those who have missed out on previous properties’
"The amount of properties going for over the asking price is still a figure that’s over three times more than what we would see in a pre-pandemic market," says Propertymark's CEO, "but with the cost…
Prime Central London flats offer ‘investment opportunities’ as rental yields jump – LCP
"As the PCL market begins to pick up momentum there is still a degree of discrepancy between the performance of houses and flats," says LCP boss Andrew Weir - "pointing towards the investment opportunities…
As Edinburgh clamps down on short-term lets, what are the options for property owners and landlords?
Under draft proposals, property owners in the Scottish capital will soon need planning permission to be able to operate short-term lettings - but the lack of clarity around the restrictions is making it…
Notting Hill fever as agency registers 30 ‘big budget’ buyers & sells £21.5m super-home
London House reports super-prime demand spiking in ‘London’s coolest neighbourhood’, and confirms the sale of one of the last big-ticket properties on the open market…
Bank of England nudges interest rates up to 0.75%
The BoE's Monetary Policy Committee has raised the base rate of interest by 0.25%, to the highest level since the start of the Covid-19 pandemic.
Prime London sales running well above pre-pandemic levels, but ‘realism needed on pricing’ as time to sell slows
The breakneck pace of early 2021 has not been matched, but last month's deal volumes were still up by nearly a third on February 2019;
‘This is the worst planning environment we’ve had to face in a generation’
A "toxic combination of factors" has created the "worst planning environment in a generation", says Aston Mead boss Adam Hesse, as local authority plans are delayed yet again...
Ultra-wealthy US buyers step up search for UK trophy homes
'This level of interest is something we haven’t ever seen before', reports Savills London Private Office
Register of overseas property owners becomes law as Economic Crime Bill receives Royal Assent
Foreign owners of UK property have six months to comply with new registration documents, as the Economic Crime Bill completes its fast-track passage through parliament.
Agents adjust to faster-paced market as buyer & seller sentiment continues to rise – OnTheMarket
It turns out the ‘new normal’ is an elevated version of the pre-pandemic market, observes the portal's CEO Jason Tebb