The Market
Strutt & Parker stands by 2020 property price forecasts, despite plunging transaction numbers
Average UK house prices are likely to drop by anything from 1% to 7% this year, predicts Strutt & Parker - although the short-term impact "could be much gloomier" in some parts of Prime Central London.
Winkworth reports busiest July in five years
100-office network notes a ‘significant recovery in sales interest’ as Chancellor’s stamp duty holiday ‘turbo-charges’ the market
Post-lockdown bargain-hunters warned of ‘stiff competition’
'For now, prices are heading in one direction', says Knight Frank
‘Planning revolution’ could mean automatic approval for many housing developments
"New homes, hospitals, schools, shops and offices will be allowed automatically", says the Housing Secretary, as he outlines a new Zonal planning system.
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.