The Market
‘Previous records are tumbling in this extraordinary market, and there are still some legs left in the upwards march of property prices’ – Rightmove
Property portal predicts average asking prices will end this year 7% higher than they started it.
‘We may be hitting a high plateau’, says Savills, as £1m+ sales jump
There's been a "rebalancing of the market between London and the country", says Savills, as the capital lags a sharp increase in £1m+ sales across the UK.
Private housing is the most upbeat architecture sector
The latest RIBA sentiment survey tells of a mixed picture for the architecture industry.
‘The frenzied conditions seen at the start of the summer seem to have been replaced by calmer, more considered buyers’ – Garrington
Look beyond the "mini boom" property press headlines, and there's "a complex and polarised market with significant differences based on location, property type and sector of the market," says national…
PCL’s altered rental market in eight charts
"Anyone worried about the future of city life should take reassurance from the 21% increase in under 30-year olds starting new tenancies compared with the same period prior year," notes the CEO of London…
More spent on super-prime homes in London this year than last, despite the pandemic
Knight Frank reports that £1.13bn was spent on £10m+ homes in London in the first eight months of this year - 16% more than the £977.5m recorded in 2019.
Post-lockdown activity surge continues in Prime London
New instructions have been running at double the levels of last year and more properties have been going under offer, but transaction volumes are taking a while to catch up...
UK comes close to last in OECD property tax rankings
Britain slips down to 22nd position in the International Tax Competitiveness Index, and is now ranked 33rd out of 36 on property taxes...
UAE & USA lead international HNW mortgage activity in the UK
Over a third of the UK's high-end international mortgage activity has come from UAE-based buyers, according to some analysis by broker Enness.
Heat Mapped: London & national house price growth
Prices continue to rise fastest in the capital, according to the latest Acadata/e.surv HPI, with a monthly movement of 2.6% taking the annual change to 7.6%.
Rents rise to record levels outside London
London rents continue to fall, reports Rightmove.
Global billionaire wealth bounces back to new heights
A V-shaped recovery in equity markets has been a boon for the richest people on the planet, report UBS and PwC, as global billionaire wealth surged by more than a quarter between April and July this year…