The Market
Sharp drop in properties selling above asking-price
The majority of properties sold at or below asking price in September, according to Propertymark, but buyer demand continues to outpace sales supply.
Unrepresented buyers don’t stand a chance in London’s hottest markets, says buying agent
Even those with healthy budgets of between £4m and £10m are coming unstuck in hotspots like St John’s Wood & Putney, according to Black Brick
Greenfield land values rise at the fastest rate in a decade
Greenfield development land values picked up by 3.9% in Q3, says Savills, while urban sites increased by 2.2%.
Volatile property market to calm, says OBR as it upgrades house price forecast
"House prices have risen significantly faster since the start of the pandemic than we had expected, says the Office of Budget Responsibility.
Required Reading: The Autumn Budget 2021 for HNWIs & business owners
The Mishcon de Reya team talks us through the key policy changes and announcements for affluent folk and business sorts, as revealed in the details behind Rishi Sunak's "relatively benign" Budget speech.
Budget 2021: Property industry reactions
"This Budget could be regarded as a reprieve for the housing industry," says one commentator, while others bemoan an "underwhelming" speech...
Budget 2021: Property industry reactions
"This Budget could be regarded as a reprieve for the housing industry," says one commentator, while others bemoan an "underwhelming" speech...
Budget 2021: Sunak cuts Business Rates, but major house-builders face 4% cladding tax
Chancellor Sunak has promised to cut taxes, not raise them in the coming years. But the country's biggest house-builders will have profits taxed 4% to help pay for the cladding scandal.
Postcard from Cornwall: Bidding wars are becoming the exception rather than the rule
After a frantic spring and summer property market, Cornish agent Josephine Ashby takes a breath and reassesses…
Nearly a million households are on the move in this strong sellers’ market
Every UK region has seen double-digit growth in property transactions volumes compared to pre-pandemic 2019, says TwentyCi. Nearly a million households are about to move home or have recently done so.
‘A turning point for house price growth’: Pandemic property boom to ease next year, but ‘no sign of a cliff edge’
2021 is set to be the UK property market's strongest year since 2007, both in terms of sales volumes and house price inflation, according to Zoopla.
Charlie Ellingworth on the prospects for property in a changing economic climate
Over the last thirty odd years the general direction of property of all sorts has been up, but we could be heading into a different world that may not be so benign, writes Property Vision co-founder Charlie…