The Market
Mapped: Britain’s hottest property sales markets
375 of the 378 local authorities across the UK saw more agreed sales this Summer than last, says Savills, with both London's commuter zone and more rural locations seeing sharp rises in property market…
Average house prices nudged up by 0.3% in May – UK HPI
The average UK house price increased by 2.9% over the year to May 2020, up from 2.7% in April, according to the latest official UK HPI update.
Agents are marketing their best instructions quietly to avoid being ‘inundated’, reports buying agency
Selling firms are aiming to attract only the 'hottest' purchasers, says Stacks, as demand continues to soar...
Sunak floats CGT hike in a ‘triple tax raid on the wealthy’
Bank Holiday weekend newspapers carry "leaks" of Treasury plans for a "£30bn triple tax raid" and/or a "quintuple whammy of tax increases".
Rental viewings ‘hit a ten-year high’ in August
A late student flurry, a glut of stock, and falling rental prices boosted lettings market activity in August, reports Knight Frank.
Summer sales spike borne out in BoE mortgage data
66,300 mortgages were approved in July, according to the Bank of England.
Inaugural August auction raises over £20m
Savills' auction team has sold over £254m-worth of property during 2020 - 35% more than during the same period in 2019.
Why London will still be the ‘live-work-play’ capital of the world
Those calling time on the capital’s place as the centre of the UK economy – and indeed, the global financial system - could not be more wrong, argues Grant Lipton...
‘No sign of a slowdown’ as Zoopla predicts 2-3% property price growth this year
The average "time to sell" a home has fallen by almost two weeks (31%) since lockdown restrictions were lifted, compared with the same period 12 months prior.
Estate agencies’ sales numbers hit a 13-year high
An average of 13 sales were agreed per estate agency branch in July, the highest figure recorded since June 2007.
Running out of the gates: On the rush to the country & the hollowing out of a great city
"One would have thought the very city itself was running out of the gates”, wrote Daniel Defoe of London in 1665.
How did past recessions affect UK house prices? Comparing downturns, 1960-2020
"The ‘once in a lifetime’ re-evaluation of housing requirements on the back of the lockdown will be a counterweight to the impact of the recession on housing market activity over the rest of 2020,"…