The Market
Auction buyers unswayed by remote shift
Allsop's first resi sale of 2021 raised more money than a ballroom event put on at the same point last year.
Off-plan sales numbers slip
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.
Fairway tees up another PCL acquisition drive
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.
RBKC gets tough on owners of empty homes
Council to trial the use of Empty Dwellings Management Orders and forceable sales in ‘severe circumstances’.
Off-market activity ‘has been continuing at a cracking pace’ in Scotland
"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…
Sales volumes could soar by 50% this year, predicts Mayfair agency
Wetherell expects competition to heat up as the international market returns.
Savills predicts a ‘burst’ of rental price inflation next year
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 dominates the world’s UHNW real estate scene, while London ‘stands out as a second-home destination’
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.
Space race to continue, predicts Knight Frank, as latest lockdown ‘reinforces buyer trends’
Agency's latest sentiment survey suggests demand will remain strong in regional markets, even when restrictions are eased.
London property market ‘getting a boost’ as overseas students ‘favour the UK’
"The UK’s safe haven status, diverse and liberal culture has attracted overseas students who would have previously studied in the US," suggests property investment firm London Central Portfolio.
Why the Covid stamp duty holiday reveals big problems in the housing market
HM Treasury "misjudged" the property market when it introduced the Stamp Duty holiday last year, writes Michael Ball, Professor of Urban and Property Economics at the University of Reading's Henley Business…
Why Hong Kong citizens will answer London’s siren call
An influx of Hong Kong residents should act to offset the negative impact of Covid on London’s population and dampen the notion that property prices are set to dive, writes Fraser Slater...