The Market

The 2% foreign buyer levy "may help to control house price inflation, by leading to a reduction in residential property purchases by non-UK residents," suggests HM Treasury.

PCL, greenfield and urban brownfield development land values all fell in Q2, reports Knight Frank, but indicators point to a pick-up post-lockdown...

Activity may have plunged, but global super-prime property markets "outperformed expectations" under lockdown, reports Knight Frank, with 153 sales going through above $10m since March.

"Most of the capital’s prime property is now bought by wealthy Chinese," writes journalist Chris Stokel-Walker for Wired magazine, and "you can't move in London for Russian oligarchs."

Commonhold should be the "preferred alternative" to leasehold, says the Law Commission in a series of three important reports that outline how to create "a better deal for leaseholders and make our homes…

The industry can learn many things from the last few months, writes Sara Bailey, including how buildings can help alleviate the problem of loneliness in our communities.

"Current activity levels clearly show that Britain is getting moving again," says Rightmove, with the Stamp Duty holiday serving to “amplify the buyer surge”.

There will be an unusual pattern of activity for buyers and sellers to navigate this year, warns Knight Frank

A rise in the number of properties available to rent combined with a drop in international demand have driven a 7.4% year-on-year decline in average rents in Inner London, says Hamptons.

“The new code of practice will look to set standards at a higher level than currently legally set," says steering committee leader Baroness Hayter.

Record demand in June ‘more than made up’ for the market hiatus, says the agency

‘The trickle has become a torrent’, says Glentree International