The Market

Renovation and conversion projects are swelling London's small but significant £100m+ property market, creating private palaces just for billionaires.

Sales volumes in Q1 rose to levels not seen since the infamous stamp duty stampede of 2016.

Buyer demand is "massively outpacing" the supply of homes for sale, says Rightmove, as the national average asking price surges up by more than 2% in a single month.

How businesses do business and employees live their lives in the brave new world will shape both the London and country residential markets, writes PV's Charlie Ellingworth.

The percentage of British architecture practices expecting their workloads to decrease in the coming months has fallen to 11% - down from 84% a year ago.

March saw a 57% increase in the number of people looking to buy a property in London, and a 21% increase in the number of tenants looking to move compared to February, according to Chestertons.

The annual rate of inflation in the South West is now approaching 15%, while prices in the most expensive parts of London have fallen dramatically.

A "combination of bold developers and new arrivals" from Hong Kong "could provide a shot in the arm for London's pandemic-afflicted property market," writes Karen Kwok for Reuters...

'The full force of the demand that has built up over the last year will only be felt once international travel restrictions are relaxed', says Knight Frank.

Rightmove has ranked the ten hottest buyers' and sellers' markets in Britain, based on the proportion of this year's property listings that have already sold subject to contract.

Richard Rogerson of property advisory firm RFR looks at how the capital's high-end resi markets have fared amid the pandemic, and considers how things might pan out in the months and years ahead...

Domus Stay promises to "open the doors to some of London’s most outstanding homes for short-term rentals."