The Market
When relying on a desktop valuation, it’s experience, knowledge and a true understanding of the market that count
There is a growing acceptance of desktop valuations amid the current crisis, but it’s easy to forget the elements that the client is truly paying for, says Justin Mason..
Listen: Mead & Pryor on post-lockdown house prices
Eavesdrop on the former D&G boss and founder of outsourced viewing platform Viewber discussing the likely impact of these extraordinary times on the property market with well-known buying agent and commentator…
Prime London markets set for 25% fewer new tenancies this year, but rental values are unlikely to change
New and newly-refurbished rental properties are faring better in the lockdown lettings market, says Knight Frank.
Savills has put through £146m of London land deals since the lockdown
A small number of domestic and international buyers remain active in the capital, reports the agency
V for Recovery: What to expect when the doors re-open
Following a significant correction in the prime London market over the last five years, there will be less ‘excess fat’ to assimilate in the aftermath of this Coronavirus hiatus, write Richard & Sophie…
Covid-19: Assessing the impact on the UK’s resi development sector
New analysis shows how the coronavirus outbreak will impact activity and supply over the coming months - and have potentially serious longer-term implications for those building the UK's new homes
UK house prices likely to drop 13% this year as incomes tumble, predict economists
A looming "shortfall in incomes has a tremendous potential to disrupt the UK’s housing markets", warns the Centre for Economics & Business Research.
RICS calls for Stamp Duty holiday as surveyors anticipate property market freefall
"These are exceptional circumstances," warn surveyors, "and the Government will need to consider all avenues that could feasibly rebuild confidence, bridging the gap between uncertainty and recovery.
Agency comparison site rolls out real-time data platform to track impact of the crisis
GetAgent launches 'live, interactive' dashboard to track key metrics on a daily basis;
What do new listing volumes around the world tell us?
International and US markets saw new listing volumes tumble by 50-75% as lockdowns were put in place, notes top real estate analyst Mike DelPrete, giving some clues as to where transaction numbers are…
London’s super-prime market ‘changes direction’ as sales slow from a surge to a trickle
A flurry of £10m+ transactions in Q1 has been brought to an abrupt halt by Covid-19, reports Knight Frank, although "buyer interest remains strong pending the market reopening".
BTL purchases sink to record low as landlords leave be
Landlord purchasers accounted for just 8% of sales across the country in Q1, down from 15% in the previous quarter; 'Maybe they got a surprise when they filed their tax returns in January', says Hamptons...