The Market
Is a property really worth what somebody else is prepared to pay for it?
A £2m down-valuation? Don’t bet against it…
‘Cities are springing back to life’: Super-prime property sales surge around the world
"We expect super-prime sales to end 2021 on a high," says Knight Frank, as it flags a significant jump in US$10m+ deals across seven major global wealth hubs so far this year.
Foxtons reports record tenant numbers; predicts future rental hotspots
Highest number of new applicants on record has coincided with a big fall in new instructions.
Competitive bidding pushes Scottish property prices up
“It’s been an extraordinary period and I’ve never experienced anything like it," says Tom Stewart-Moore, head of Knight Frank’s rural business in Scotland.
Letting agents report ‘all-time high’ for tenant demand
Letting agents reported a record number of new prospective tenants per branch in June, according to Propertymark.
London buyers are paying 91% of asking prices, on average
Capital-wide figure in Q2 was up 6% on Q1
Country house prices climb higher as stock shortage persists
Knight Frank expects the country market to remain hectic through the Summer.
‘We see nothing on the horizon that would trigger a major house price correction’ – Savills
Savills has upgraded its 2021 UK house price inflation forecast, bumping it from 4% to 9% - although the five year outlook remains largely unchanged from March's predictions, with research chief Lucian…
World cities see prime property prices rise at fastest rate since 2016
"The prime residential sector is likely to remain strong through the rest of the year," says Savills in its latest World Cities Index.
House prices are rising at five times the rate of flat prices
Zoopla's research chief Grainne Gilmore expects property price inflation to continue to accelerate in the coming months, "peaking at around 6%, before falling back to between 4%-5% by the end of 2021.
Twice as many landlords plan to sell a property in the next five years as sold an asset in the last five years
"More landlords have decided to leave having grown tired of dealing with tenants than they have because of various government tax changes," says investment firm Sequre.
