The Market
How much space does $10k rent in prime global cities?
Hong Kong is still the most expensive city in the world to rent a luxury property, says Knight Frank, despite the pandemic and political headwinds.
Ranked: £3m-plus hotspots beyond the capital
Elmbridge and Buckinghamshire were the areas with the most £3m sales outside of London last year, according to analysis of Land Registry records.
Why sourcing best-in-class properties has become even harder for buyers
Most of the decent houses have sold over the last year, and what remains is often either overpriced or substandard, writes Hannah Aykroyd.
‘Hotting up’: PCL set for ‘healthy market bounce’, predicts buying agency
'The market could go up a few per cent quite quickly, and a lot of good quality property has been held back from the market during lockdown', says Black Brick
‘Celebrity’ homes can command a 10% price premium, claims agency
"There has been a significant sea-change in celebrity attitudes towards collaborating with agents instructed to market their properties," says a top North London estate agency.
Most of London has seen rental values fall over the last five years
London is the only GB region where average asking rents are lower now than they were five years ago, reports Rightmove.
Property is one of Britain’s two most pandemic-resilient industries
Just one in five industries has been officially classified as "resilient" through the Coronavirus pandemic.
Total value of UK homes sold so far this year doubles to £150bn
"Extreme market momentum will moderate," predicts Zoopla, as more stock comes to market and buyer demand calms.
Size Matters: How the new Westminster City Plan could change London’s super-prime landscape
‘Essentially the value of big units are going to go up on a massive scale as supply will likely be curbed’: PCL insiders share their thoughts on the borough’s controversial new 200 square metre rule...
Estate agents report highest March sales figures since 2007
One in six homes is selling for more than the original asking price, reports Propertymark - the highest proportion recorded since May 2014.
Supply shortage hits the prime lettings market
“There’s a supply crunch coming down the line in prime lettings markets this summer," warns Knight Frank, while Savills tells of a "fundamentally undersupplied" market in the Home Counties.
Are city centre markets dead? It couldn’t be further from the truth
While many Londoners did exit the city for more space over the last year, just as many realised the importance of being near amenities, friends and family, writes developer Christopher Murray.