The Market

Higher build costs to adhere to the government’s stricter energy requirements are already being factored into land bids, writes Lydia Mclaren...

Reports claim the Chancellor is planning a boost for the property market in his upcoming Budget.

"The pandemic is supercharging demand for locations that offer a surfeit of wellness," says Knight Frank in its new Wealth Report "– think mountains, lakes and coastal hotspots."

Allsop's first resi sale of 2021 raised more money than a ballroom event put on at the same point last year.

The share of new homes being sold off-plan has fallen from a peak of 39% in 2016 (c.69,000 units) to 33% in 2020 (c.49,000 units), according to a new index from Hamptons.

PCL-focused resi fund has so far bought ten properties in Belgravia and Knightsbridge with a combined value of £70m, and is now looking to deploy another £50m.

Council to trial the use of Empty Dwellings Management Orders and forceable sales in ‘severe circumstances’.

"While a superficial look at the current market might suggest an ongoing lack of supply, activity under the radar has been continuing at a cracking pace," writes Jennifer Campbell of Scottish property…

Wetherell expects competition to heat up as the international market returns.

Savills has updated it forecasts for the UK's mainstream rental market. "We expect the market to progressively normalise," says the team, "reversing some of the Covid-specific trends seen in 2020."

New York is the top global city for the world's wealthy, according to new analysis by research house Wealth-X, with "a significant lead" over other hubs.

Agency's latest sentiment survey suggests demand will remain strong in regional markets, even when restrictions are eased.