The Market
London buyers are paying 91% of asking prices, on average
Capital-wide figure in Q2 was up 6% on Q1
Country house prices climb higher as stock shortage persists
Knight Frank expects the country market to remain hectic through the Summer.
‘We see nothing on the horizon that would trigger a major house price correction’ – Savills
Savills has upgraded its 2021 UK house price inflation forecast, bumping it from 4% to 9% - although the five year outlook remains largely unchanged from March's predictions, with research chief Lucian …
World cities see prime property prices rise at fastest rate since 2016
"The prime residential sector is likely to remain strong through the rest of the year," says Savills in its latest World Cities Index.
House prices are rising at five times the rate of flat prices
Zoopla's research chief Grainne Gilmore expects property price inflation to continue to accelerate in the coming months, "peaking at around 6%, before falling back to between 4%-5% by the end of 2021
Twice as many landlords plan to sell a property in the next five years as sold an asset in the last five years
"More landlords have decided to leave having grown tired of dealing with tenants than they have because of various government tax changes," says investment firm Sequre.
Competition heats up for sites as developers look to replenish their pipelines
Greenfield opps are in particularly high demand, sending values soaring by over 9% in the last year.
40% of properties sold for more than their original asking price in June
"Astonishing" demand broke more property market records last month, reports Propertymark, but the estate agency organisation does anticipate "a rebalancing of the market over the coming months."
Knightsbridge flats are central London’s ‘best bargains’, with prices down 11%
"The race for space has left some central London bargains in its wake," says Knight Frank, with apartments in some Golden Postcode areas seeing average PSF prices more than 10% below their five-year average
Record month for Knight Frank’s London sales teams
Monthly and quarterly records fell as buyers rushed to beat the stamp duty deadline.
Busiest prime London market since 2014, with 61% more £5m+ deals than in 2019
The top-end of London residential sales market has just enjoyed its strongest first half since 2014, reports Savills, with 59% more £5m+ transactions recorded in the first six months of this year compared …