The Market
Mortgage approvals fall again, but remain above pre-pandemic levels
UK borrowers repaid £1.4bn of mortgage debt in July; it's only the second time in a decade that the Bank of England's data has shown a net repayment.
EPC ratings have ‘limited impact’ on house prices
Homes with an A or B EPC rating (more energy efficient) attract a mere 1.7% price premium compared to a D-rated property, according to analysis by Nationwide.
Nearly of half of UK property sales have been hit by down valuations in the last year
A London estate agency has estimated that nearly 400,000 residential transactions across the UK have been hit with a down valuation in the last year - including 59% of transactions in the capital.
Most expensive wards Vs average property prices in 18 English cities
Keller Williams UK has compared average property prices in 18 cities with average prices in their most expensive enclaves, highlighting dramatic inequalities.
Demand for pet-friendly rentals has more than doubled
Enquiries to letting agents about pet-friendly rentals has jumped by 120% since last Summer, says Rightmove, while London estate agency Chestertons says that about half the phone calls it receives are…
How priorities are changing amongst prime & super-prime buyers
Lifestyle and security are the most important elements for UHNW purchasers, writes Steve McGregor, but those things will look very different in a post-pandemic world…
‘Acute’ property stock shortage to continue into 2022 – Zoopla
“The post-pandemic ‘reassessment of home’ has further to run," says Zoopla, as the UK's property market faces its "greatest stock shortage since 2015."
Global Property Buyers in 2021: Five key stats & five future trends
Knight Frank's Global Buyer Survey 2021 tracks how the world's affluent property buyers’ priorities, motivations and attitudes are changing.
Rental market gets moving, with demand, supply & rents all rising
"Many renters that have been sitting tight are now looking to move," says Propertymark.
Britain’s 19 new million-pound property markets
"The pandemic has left its mark on the UK property market by magnifying existing trends rather than re-writing the rulebook," says Knight Frank, as the firm identifies 19 new £1m+ property markets across…
Transaction numbers plunge following Stamp Duty deadline
Official estimates tell of a 63% drop in residential property sales from June to July - but transactions are still running above last year's level.
Mapped: Established & emerging PCL neighbourhoods
Cluttons takes a look at the evolution of Prime Central London.