The Market
Huge H1 sets BTR sector up for record year
£2.35 billion of capital was invested in the first six months of 2021.
House prices have risen ten times faster than flat prices since the start of the pandemic
Apartments across Great Britain are looking like good value, says Rightmove, at least when compared to detached houses, which have seen average asking prices rocket over the past 18 months.
Majority of £1m-plus sales are now happening outside of London
The capital’s share of the high-value market has fallen below half for the first time on record.
Heatmapped: London continues to lag runaway regional markets
The North West is still at the top of the regional table with annual inflation of 15.8%, while the capital has barely moved.
UK prime resi prices set to rise 9% this year, but PCL’s bounce ‘has been delayed’
Runaway property price growth in the regions is likely to soften from next year, predicts Savills, while Prime Central London prices are set for a sharp upwards bounce once international travel resumes.
Bumper H1 for Savills’ development land division
£1.25 billion worth of sites were transacted in the first six months of the year, 48% up on the three-year average, and there’s ‘no sign of a summer lull’
Prime London simmers down after record-breaking deal surge
Transaction volumes were 39% below the five-year average last month, reports LonRes, but ‘key metrics suggest the prime London markets are holding up well’.
Why the supply & demand imbalance will likely reach its peak this summer
The UK property market should start putting the distortions of the last 18 months behind it from the autumn, says Tom Bill
Prime London’s rental market ‘continues its journey back towards normality’
“The see-saw of high supply and low demand is tipping back the other way,” says Knight Frank. “Demand is coming from multiple sources and rental values are getting stronger as a result.”
A history of estate agency regulation, 1979-2020
In advance of new ROPA legislation, the House of Commons has published a potted history of estate agency regulation since 1979's Estate Agents Act.
Coastal homes are selling 20 days quicker than pre-pandemic, as city-to-seaside demand doubles
Rightmove has flagged "a more sustained shift in buyer preference than initially thought" as demand for seaside properties outpaces demand fro city living.
Prime London property sales drop sharply as Stamp Duty holiday unwinds
Annual property price inflation in Prime Central London has picked up to 0.8%; the highest rate since May 2016.