The Market
Which parts of the UK property market are likely to be most active over the summer?
Seasonality is set to return in the coming months, as the Stamp Duty holiday steps down, says Knight Frank. But which parts of the UK property market are likely to be most active over the summer?
‘Race for space’ still fuelling prime regional markets, but mind the widening expectation gap
‘Whichever way you look at it, the past year has been about buyers with the means to do so looking for more space both inside and out, and their willingness to pay a high price for that space,’ says Sav…
UK resi market set for first ‘£100 billion summer’
Factors have combined to set up the ‘highest grossing quarter in UK residential market history’, says JLL.
Government backs Unique Property Reference Numbers
"The government remains a strong champion of UPRNs," says Housing Minister Christopher Pincher.
Record number of homes selling at or above asking price
Buyers in England and Wales paid an average of 98.1% of the final asking price in January this year, reports Rightmove, marking the first time the percentage has ever exceeded 98%.
20 buyers for every property: Another record month for property demand & sales over asking price
There are now 20 buyers chasing every property on the market, according to Propertymark.
Hong Kong buyers & tenants hone in on London
New visa regulations and the imminent easing of travel restrictions have 'revived London’s appeal as an investment and lifestyle hotspot', says Chestertons
More of England’s countryside to be protected under new plans
The government is looking into creating new AONBs for the first time in over a quarter of a century.
Buying property with crypto assets: Can it ever be justified?
Crypto assets are here to stay, write Jonathan Grimes & Daniel Browne, and lawyers have to find a way to deal appropriately with those who approach them wishing to turn them into bricks and mortar… …
Largely immune: Understanding global wealth trends through the pandemic year
"Wealth creation in 2020 appears to have been completely detached from the economic woes resulting from Covid-19," says the author of Credit Suisse's new Wealth Report
New-build premium put at 29%
Analysis of government figures reveals the areas where average new-build prices are as much as double those of the existing market.
Busiest year for the Prime London market since 2014
The number of properties sold in the first five months of 2021 was the highest total for seven years, reports LonRes, but demand is generally not outstripping supply…