The Market
Countrywide reveals lockdown impact & bounce-back performance
"Early trading indicators in England are encouraging and we expect a similar bounce back in Wales and Scotland," says Countrywide's Board ahead of the Plc's AGM.
Hong Kong buyers ‘dominating’ London’s luxury apartment market – Almacantar
Developer behind Centre Point & The Bryanston reports an influx of demand from the region, driven by the UK’s recent visa announcement and the upcoming SDLT surcharge.
Ranked: London’s priciest postcodes pre-lockdown
N2 had a median sold price of £14.1m in the first quarter, according to analysis of Land Registry data, putting it ahead of W1K (£9.2m) & N6 (£9m).
RBKC looks to spend £3m of developers’ cash
Council invites applications from residents and local groups after building up a chunky funding pot from the Neighbourhood Community Infrastructure Levy
Prime London prices dipped by 1.1% in Q2, but house values have held up as buyers ‘reassess their needs’
"We have been surprised at the extent to which lockdown has made people reassess their housing needs and, more pertinently, act upon it," says Savills.
The property market’s post-lockdown surge ‘has continued into its sixth week’ – but how long will it last?
Knight Frank has just recorded its biggest ever week for offers accepted.
Reuters poll: UK prices to fall by 5% in 2020, before gradual recovery
Panel of pundits predict rises of 1.5% in 2021 and 3.5% in 2022
Demand surge to prop up house prices for the next few months, but the post-lockdown bounce is already slowing
"The surge in demand for property is expected to delay house price falls, pushing them towards the end of 2020," says Zoopla, as it forecasts that annual price inflation will be sustained at 2-3% for the…
Ranked: Britain’s most popular, most expensive & cheapest seaside locations
Sandbanks, Canford Cliffs and Salcombe are the priciest coastal enclaves, reports Rightmove, while Whitby and Whitley Bay are the most popular amongst househunters.
NAEA boss warns ‘Covid fatigue’ could force another property market lockdown
"If the sector is seen to be abusing the safety rules, the Government has the right to withdraw its consent to keep the housing market open," warns Mark Hayward, Chief Executive of the National Association…
Government outlines package of measures to boost post-Covid construction
Housing minister Robert Jenrick promises an extension of planning permission deadlines, speedier planning appeals, and relaxed restrictions on construction site working hours;
Savills revises rental growth forecasts down
Rental yields are likely to be lower in 2024 relative to today, predicts Savills.