The Market
Knight Frank swings house price forecast up, from 0% to +5% this year
UK property prices are likely to rise this year, says Knight Frank, as it follows other market-watchers in revising up forecasts.
‘Upward pressure on house prices shows no sign of easing’ – RICS
Most surveyors expect property sales activity to pick up in the coming months, thanks to Budget certainty and the easing of national lockdown restrictions.
‘London remains a gold standard’: The outlook for Chinese property investment in the UK
Post-Brexit 2021 UK-China Property Investment Outlook: Where, what and why are Chinese HNWIs and investors buying and developing in the UK property market?
Inner London rental searches double as tenants look to return to city life
There's "a growing trend of people wanting to move back to urban hubs," says Rightmove, as the portal reports "a significant shift in search behaviour", with more tenants looking to rent in London Zones…
London’s high-end homebuyers ‘paid 12% of the stamp duty owed across England last year’
The 675 £3m+ deals recorded in the capital in 2020 generated a combined total of £368.6m in stamp duty, according to research by Enness Global.
The new golden age of London’s Mayfair
The Monopoly board game isn’t outdated after all, writes Ed Lewis.
PCL set to ‘rebound strongly’, says Savills, as it upgrades prime & mainstream property price forecasts
“Prime Central London offers a real buying opportunity" this year, says Savills, as it predicts >20% price growth over the next five years.
The Telegraph: Will London house prices recover? New York’s property bust and boom has the answer
Buyers were negotiating 50% discounts in the Big Apple over the summer, reports Melissa Lawford in this piece for The Telegraph, but the tide now looks to be turning...
Return to school drives sharp pick-up in sales & lettings enquiries
"Home schooling is turning to home searching," says Carter Jonas, as parents "refocus and prepare for a move in time for September 2021 and the start of the new school year."
New valuation guidance for cladding-hit flats
New guidance has been published that clarifies types of properties which will, and those which will not, require additional inspections, as a result of concerns about fire safety.
Lack of overseas buyers keeps PCL prices in check
London's higher-value enclaves remain 'disproportionately affected' by the lack of overseas buyers, reports Knight Frank, while places like Belsize Park, Dulwich and Wimbledon have all seen their average…
Property firms note surge in activity following the Budget
“It’s clear from our record-breaking traffic numbers that the Spring Budget has introduced buyers into the market who were not perhaps able to consider moving until now or who were waiting to hear…