The Market
Knight Frank reports record deal volumes amid tax deadline frenzy
The agency carried out the highest number of UK transactions on record last month, but is now expecting a ‘return to normality’…
Agency bosses praise ‘perfectly timed’ Stamp Duty holiday
"The stamp duty holiday was perfectly timed to enable more people to improve their set up by moving," says Marsh & Parsons.
PCL is a buying opportunity at the moment – Black Brick
Window could last for another six to twelve months, says Mayfair agency.
Why the end of the stamp duty holiday is a good thing for the UK property market
Introducing a stamp duty holiday at the height of the pandemic was commendable but it has over-stayed its welcome, writes Tom Bill…
House prices: Why the risks of a fall are higher than most people think
"The fact that house prices have been rising quickly over the last year makes the market more vulnerable to external shocks to the economy," says Professor Geoff Meen, as he warns "there are numerous…
1.3 million buyers have benefitted from the the Stamp Duty holiday
"We haven’t yet seen any significant increase in properties falling through so it looks like most are going ahead regardless," says Tim Bannister, Rightmove’s Director of Property Data.
Investors lose taste for buy-to-let
After hitting a five-year high in February, landlord purchases in May fell back to the record low levels seen in 2019.
House of Lords opens wide-ranging inquiry into the housing market
The new House of Lords Built Environment Committee has launched its first inquiry, with a view to understanding "what shapes the type of housing needed in the UK as well as a range of challenges to meeting…
Buyer demand eases but remains 55% above ‘normal’ levels
“The stamp duty holiday boosted demand in the housing market, yet buyer demand remains elevated despite the initial holiday ending," says Grainne Gilmore, Head of Research at Zoopla "- signalling that…
Rental demand reaches an all-time high
Propertymark member branches have an average of 97 tenants on their books, up from 82 in April. It's the highest figure on record for the month of May, significantly higher than last year's 70.
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…