The Market

Elmbridge and Buckinghamshire were the areas with the most £3m sales outside of London last year, according to analysis of Land Registry records.

Most of the decent houses have sold over the last year, and what remains is often either overpriced or substandard, writes Hannah Aykroyd.

'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

"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.

London is the only GB region where average asking rents are lower now than they were five years ago, reports Rightmove.

Just one in five industries has been officially classified as "resilient" through the Coronavirus pandemic.

"Extreme market momentum will moderate," predicts Zoopla, as more stock comes to market and buyer demand calms.

‘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...

One in six homes is selling for more than the original asking price, reports Propertymark - the highest proportion recorded since May 2014.

“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.

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.

HMRC's revenue from SDLT was 22% higher last month than in March 2020.