The Market
Taking Stock: The impact of Covid-19 on the prime London sales market
The first hard data from before, during and after the lockdown period reveals how stock, price & activity levels have been affected across the prime postcodes
Taking Stock: The impact of Covid-19 on the prime London lettings market
New lets agreed over the course of lockdown fell by more than two-thirds, reports LonRes
Tenant demand is catching up with rental supply in prime London
"It still feels like it’s more of a tenants market" in prime London, says Knight Frank's Head of Lettings, "but we are going into the busiest period of the year and I would expect supply to come down.
PCL prices prove resilient as demand recovers faster than supply
“It feels remarkably similar to the period that followed the EU referendum,” says Knight Frank's Head of London Residential Research, Tom Bill. "It will take a while for the market to find its feet.
Government relaxes stamp duty refund rules after market freeze
Official SDLT guidance changed to allow refund claims on 3% surcharge beyond the standard three-year limit
The Ofsted Effect: Ranking property price premiums near ‘outstanding’ schools
Homes in catchment areas for schools ranked "Outstanding" by Ofsted tend to be more expensive, but which areas have the highest - and lowest - price premiums?
Social distancing drives demand for remote property valuations
Zoopla reports that 98% of would-be vendors would now prefer a virtual market assessment to an estate agent's visit.
London’s new-build output to shrink ‘by 30-35%’ in 2020
Latest supply update from Savills suggests prime activity was ticking quite nicely along pre-lockdown
Fine & Country ups ad spend as market ‘gains momentum’
Focus will be on increasing the presence across digital platforms 'to align with consumer behaviour'
Major visa shift could open the door to UK citizenship for hundreds of thousands of Hong Kongers
One of the “biggest changes in our visa system in British history” could drive a surge in demand for UK property from Hong Kong residents, as they look to flee more authoritarian rule.
Demand for second homes jumps as price uncertainty reigns
A quarter of people say they are more likely to buy a second home now than before the Covid-19 lockdown, says Knight Frank.
Get cracking if you want to build big in Westminster…
There's only a narrow window of opportunity to submit an application and have it determined under the existing City Plan, warn agents and architects