The Market
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,"…
Stamp duty holiday ‘sparks home-moving frenzy’ in southern commuter belt
Almost 94,000 new property listings were brought to market across London, the South East and East of England between 8th July and 16th August, reports Rightmove - which is over 31,000 more than the same…
Ranked: The UK’s most ‘recession-proof’ property hotspots
An estate agency has put a brave face on the UK's bleak economic outlook, suggesting that house price inflation may carry on regardless in the face of a global recession - in some locations, at least.
The truth about local opposition to housebuilding
Although opposition to development may sometimes slow things down as politicians try to avoid unpopular decisions, its effects on housebuilding are far from clear, explains Andy Inch...
House prices likely to drop 3% by the end of the year – EY
Property prices are set to fall further this year before recovering by 2-3% in 2021, suggests Dr Howard Archer, Chief Economic Advisor to the EY ITEM Club.
The Missing Market: Why London property developers are missing out on over 23,000 new-build buyers
Savills has identified a significant "missing market" for new-build homes in the capital that property developers "cannot afford to miss out on."
KFH reports ‘unprecedented demand’ as SDLT holiday drives a ‘significant spike’ in buyer registrations & seller valuations
'Buyers are entering the market in droves as confidence grows and restrictions continue to ease,' says London estate agency.
Transaction numbers are recovering, but are still well below last year’s count
July's official count of residential property transactions was higher than in June, but still some 27% below the same month last year.
£1m+ sales are running 100% above last year’s level as prime leads the property market rebound
The prime market has led the post-lockdown rebound in UK property market activity, suggests data from Rightmove and Knight Frank, with a notable spike in £1m+ deals.
Eviction ban & notice periods extended
The Coronavirus-induced evictions ban has been extended until 20th September, and tenant notice periods have been extended to six months until "at least" the end of March 2021.
Sealed bids are now ‘commonplace’ for the best properties from Scotland to Devon, says top buying agency
It's a "far from relaxing" Summer holiday, says national buying agency Garrington, as the property market's traditional August lull is replaced with plenty of buying activity.
Tenants bargain hard in Prime London as supply levels stay high
With stock volumes 42% up on this time last year, landlords need to be realistic on pricing or face lengthy void periods, warns LonRes