The Market
Rising sales supply leads to ‘more sustainable market conditions’ – but ‘the recovery is still fragile’
New sales instructions have increased by 16%, says Knight Frank, as supply catches up with post-lockdown demand.
Agent enquiries have jumped by an average of 32% as Northern towns bounce back faster
Northern towns have seen the biggest surge in buyer demand since the property market re-opened, reports Rightmove.
Activity returns to global property markets, but there’s a ‘disconnect’ between buyers & sellers on pricing
Residential property activity in China "has largely returned to normal" after two or three months out of lockdown, reports Savills.
Prime Central London firms tip market to bounce back
'We anticipate that circumstances could lead to a stronger PCL market in 2020/21 than many currently predict, just as we did in early 2009', says LCP, while Winkworth predicts a ‘summer spike’ could…
‘So little has been able to happen, yet so much has changed in the property market’ – Garrington
"So little has been able to happen, yet so much has changed in the property market," says buying agency Garrington in its video appraisal of the post-lockdown market.
Buyers & sellers will have to carefully navigate the economic data this summer
We will only be able to start understanding what has taken place towards the end of the year, writes Tom Bill...
Coast Wanted: The UK’s priciest seaside housing markets
Celebrity-strewn Sandbanks tops the coastal house price league table with an average of £619,431, higher than Salcombe, Aldeburgh and Lymington
The property market is showing ‘far more resilience than had been expected’
There's been "a strong initial bounce-back in all metrics" since the property market lockdown was lifted on 13th May, reports Rightmove - but 175,000 vendors are "missing the market".
Landlords’ average capital gain sinks again
Landlords who sold a property in 2019 typically owned it for 9.1 years and sold it for £78,100 more than they paid for it.
Record levels of offers accepted as ‘traction’ returns to the market
The number of deals struck outside London hit an all-time high earlier this month, reports Knight Frank, while the gap between asking and achieved prices is narrowing...
Academics recommend minimum tax rate for UK’s richest
UK government could raise £11bn a year by switching to a US-style system, according to new analysis out of LSE & Warwick