The Market
Record number of £1m+ sales in London
"Happy holiday for luxury London property", declares Coutts bank, as the prolonged Stamp Duty tax break drives record sales in the capital.
Leafy Notting Hill leading the way as PCL revives
Prospective Hillbillies are offering up to £1m above pre-pandemic levels, and houses are not even making it to the open market, reports Winkworth.
22% premium for London homes with a common on the doorstep
Savills analyses prices around the capital’s most cherished green spaces.
Buyer & vendor confidence levels stable – OnTheMarket
‘The current housing market heatwave may still have a while to run yet’, says portal.
Major property companies enjoy pandemic-induced revenue boom
Property PLCs including Rightmove, Savills, Foxtons, LSL, Connells, Purplebricks, OnTheMarket and Berkeley Group have seen huge increases in revenue compared to corresponding periods in both 2020 and…
Buyer demand cools as stamp duty holiday tapers
"The overall tone to the market remains firm", says the RICS, with property prices continuing to rise despite a drop in new buyer enquiries.
Huge H1 sets BTR sector up for record year
£2.35 billion of capital was invested in the first six months of 2021.
House prices have risen ten times faster than flat prices since the start of the pandemic
Apartments across Great Britain are looking like good value, says Rightmove, at least when compared to detached houses, which have seen average asking prices rocket over the past 18 months.
Majority of £1m-plus sales are now happening outside of London
The capital’s share of the high-value market has fallen below half for the first time on record.
Heatmapped: London continues to lag runaway regional markets
The North West is still at the top of the regional table with annual inflation of 15.8%, while the capital has barely moved.
UK prime resi prices set to rise 9% this year, but PCL’s bounce ‘has been delayed’
Runaway property price growth in the regions is likely to soften from next year, predicts Savills, while Prime Central London prices are set for a sharp upwards bounce once international travel resumes.
Bumper H1 for Savills’ development land division
£1.25 billion worth of sites were transacted in the first six months of the year, 48% up on the three-year average, and there’s ‘no sign of a summer lull’