The Market
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.
Property prices likely to rise by a third over the next ten years
Using a very long-range crystal ball, insurance website Comparethemarket is predicting that London's average property value will climb by 63% by 2040, with the UK average rising by 58%.
London market ‘gradually firming’, reports Berkeley
The influential housebuilder is on track to hit over £500m in profit this year.
£25m Surrey mansion sparks off-market bidding war
Knight Frank has tucked away £100m worth of property on the Wentworth Estate so far this year, including the spectacular Villa Oman.
Newmarket tops supply shortage hotspots as home sales surge by 79%
Rightmove has identified which locations are being hardest hit by the ongoing shortage of properties available to buy.