The Market
Property ‘flipping’ makes a comeback, reaching highest level since 2008
The number of homes bought and sold again within 12 months has reached a 12-year high.
Ranked: Britain’s ‘most valuable’ property markets
The UK's total housing stock is worth just shy of £7 trillion, according to some new research, with Westminster and Kensington & Chelsea emerging as the highest-value areas.
Ranked: The biggest foreign buyer nationalities in Prime London so far this year
Overseas buyers have been behind 41% of Prime London transactions in 2020, spending an estimated £3.3bn, according to new analysis.
Development land values recover as activity picks up
PCL development land value are still down at 2013 levels, despite rising in Q3.
National house price inflation picks up; houses out-perform flats – UK HPI
Detached homes are seeing notably higher property price growth in England compared to other property types, climbing by 6.
£1bn added to UK economy for every 100,000 property transactions – claim
Each residential property transaction adds an average of £9,559 to the UK economy, according to some sums by Knight Frank and the Home Builders Federation.
Stock continues to pile up in Prime London
68% more properties reached the market in October compared to the same month in 2019, reports LonRes, and levels are running at 37% above the five-year average...
Ranked: Britain’s top 20 speediest property markets
There are 14 local authority areas where properties listed for sale tend to find a buyer in 30 days or less...
High Court re-affirms new Permitted Development Rights
The High Court has dismissed a legal challenge against new Permitted Development Rights and changes to Use Class Orders.
Weakest Links: Top buying agent lambasts ‘bucket shop’ conveyancers & online estate agents for property chain delays
Ed Heaton took drastic action to salvage a property chain - buying the flat at the bottom to ensure all five deals went through, including his own sale at the top.
Rural rents rise as cities fall – Hamptons
Average rents in the countryside have risen by 5.5% in the last year, reports Hamptons, while city rents have fallen by 5.3%.
Opportunity Knocks? This property type has underperformed all others in 2020
Demand for larger flats has more readily switched to houses in recent months, notes Knight Frank, and some investors may be sensing a buying opportunity...