The Market
‘More balance is returning’ to prime London’s rental market
Rising tenant demand is helping to reverse pandemic-induced rental value declines in Prime London, reports Knight Frank.
Middle Eastern buyers returning to UK market
Buyers from the region accounted for 16% of all UK sales to overseas purchasers in the first three months of the year, compared to less than 10% in the previous two quarters.
Treasury Committee rules out permanent Stamp Duty cut
"Any permanent cut or removal of SDLT would be likely to have a significant cost to the Exchequer," concludes HM Treasury.
Mortgage borrowing falls from a record high, but approvals rise
The Bank of England reports that net mortgage borrowing fell from a record £11.5 billion in March to £3.3 billion in April.
Cautious buyers risk being caught out by PCL recovery, warns Mayfair agency
Black Brick highlights dilemma facing those hoping for the ‘quality gap’ to converge.
Prime property stock shortage looms across Europe
“The strong sales rates we’ve seen in the last 12 months have been driven almost entirely by domestic buyers," says Knight Frank; "once borders reopen and cross border transactions normalise, we expect sto…
Are we seeing the return of a more balanced market?
Demand has sprung back since the pandemic as people have reassessed how and where they live, but supply is now also getting stronger, writes Tom Bill...
Ranked: Britain’s most expensive seaside towns
Salcombe tops this year's list, with an average property price of over £950k. The average house price in a British seaside town has jumped by 10% over the past 12 months...
Residents rate build-to-rent more highly than build-to-sell developments
The average "star rating" for a building on reviews platform HomeViews in 2020 were 4.39 out of 5 for Build-to-Rent residents and 4
Property market set for busiest year since 2007, on track for over 1.5 million residential transactions
Zoopla expects the total value of homes sold in the UK to reach £461 billion this year; that's 46% more than in 2020, and 68% more than in 2019...
PCL house market ‘renaissance’ as £5m-plus sales soar
New data shows a 140% leap in PCL house sales above £5m during the first four months of 2021, as the time taken to sell falls by 15%.
House price inflation higher in historic towns
Prices in the UK's historic towns and cities have been rising at nearly twice the rate of their newer counterparts, according to new research.