The Market
Virtual auctions are delivering real results, reports Savills
Agency hosts most successful July auction since 2017, raising £32m with an 82% success rate; live-stream format resulting in higher average sold price versus traditional ballroom events, says team...
Lloyds downgrades house price forecasts, again
Lender’s base case scenario now shows a decline of 6% for this year, instead of the 5% being forecast in April.
How the rise of the ‘digital commuter’ is redrawing the property market map
“The Covid crisis has pushed the property market into a hard reset," says Jonathan Hopper of Garrington Property Finders.
How property prices compare around PCL’s ‘brandmarks’
Survey looks at average per square foot values surrounding the capital's most famous establishments...
There are ‘bargains for buyers in the capital’s coveted postcodes’ – Coutts
"Some parts of central London are now looking extremely cheap compared to their previous price levels," suggests Coutts Bank, going so far as to advise its HNW clients that there are "bargains for buyers…
South-facing gardens come with a 7% asking price premium
Homes marketed with a south-facing garden are, on average, priced 7% above properties without;
The Telegraph: Why London’s property market will survive the doomsayers
Reports of Londoners fleeing the capital are just a reaction to lockdown, not a fundamental shift, writes Isabelle Fraser in this opinion piece for the Telegraph.
Lockdown-induced flight from cities is ‘overstated’, says Zoopla
Any increase in demand for country living over urban location is likely "to be a one-off factor rather than a long-term ‘seismic shift’ in consumer attitudes," says Zoopla.
59,000 ‘lost’ deals: Estimating the financial cost of lockdown to the estate agency sector
The UK's Covid-19 lockdown caused a dramatic slump in the number of new instruction and sales agreed, reports Twenty EA, but property exchanges appear to have been more resilient.
One in ten properties went for above asking last month – NAEA
Agency body recorded the highest proportion of above-asking sales since 2016 in June, although well over half still went through below.
The view from Knightsbridge: Patience is of the essence
Where sellers are flexible and in touch with reality, deals have kept going when they might otherwise have faltered, reports PCL agent Nic Pejacsevich...
‘There are signs that normality is returning’ to the property market, says Knight Frank, but uncertainty remains
"The UK will officially be declared to have entered a recession next month," says Knight Frank's Tom Bill.