The Market
Asian buyers to dominate London’s luxury market – Northacre CEO
Niccolò Barattieri is hoping international buyers will return to the capital in Q4
Urban house prices around the world are rising at their fastest rate since 2007
43 of the 150 global cities tracked by Knight Frank have seen prices escalate by more than 10% over the last year, with five above 25%.
Prime lettings market is ‘on the verge of a notable escalation in activity’
New applicant numbers last month were nearly double the levels seen in 2019, reports Knight Frank.
Global HNW population booms, but not in the UK
The global millionaire population grew 6.3% in 2020, surpassing the 20-million bar, while total millionaire wealth grew 7.6% to tickle US$80 trillion.
SDLT holiday ‘has had no noteworthy effect on the more expensive postcodes’ – John D Wood
While many areas saw record transaction levels ahead of the tax deadline, volumes were no different to previous years in RBKC, reports the agency.
FT: The game changers in London’s luxury property market
George Hammond has taken a tour of Christian Candy's 80 Holland Park for the Financial Times, noting that it is "a stark departure" from One Hyde Park, and reflects the shifting tastes of London's super-rich…
Knight Frank reports record deal volumes amid tax deadline frenzy
The agency carried out the highest number of UK transactions on record last month, but is now expecting a ‘return to normality’…
Agency bosses praise ‘perfectly timed’ Stamp Duty holiday
"The stamp duty holiday was perfectly timed to enable more people to improve their set up by moving," says Marsh & Parsons.
PCL is a buying opportunity at the moment – Black Brick
Window could last for another six to twelve months, says Mayfair agency.
Why the end of the stamp duty holiday is a good thing for the UK property market
Introducing a stamp duty holiday at the height of the pandemic was commendable but it has over-stayed its welcome, writes Tom Bill…
House prices: Why the risks of a fall are higher than most people think
"The fact that house prices have been rising quickly over the last year makes the market more vulnerable to external shocks to the economy," says Professor Geoff Meen, as he warns "there are numerous…
1.3 million buyers have benefitted from the the Stamp Duty holiday
"We haven’t yet seen any significant increase in properties falling through so it looks like most are going ahead regardless," says Tim Bannister, Rightmove’s Director of Property Data.