Ranked: London’s ten most expensive streets of 2020
Upper Phillimore Gardens in Kensington has been named London’s most expensive address of last year, with a median sold price in 2020 of £28 million.
One in nine properties sold above asking price in February, but more deals are taking longer to complete
The number of properties selling for more than their asking price increased to one in nine (11%) in February, according to Propertymark – the highest level since August last year, and the highest February figure since 2016.
A chronic shortage of supply has put sellers in the driving seat
The first few good houses to hit the market this spring are going to do very well indeed, writes country buying agent Robin Gould
Hip to be square: On the growing demand for London’s communal gardens
PCL experts explain how shared spaces became seriously hot property.
The ‘escape to the country’ trend has ‘evolved to a more urban focus’
“The search for space is far from over but the trend has a more urban flavour now,” says Knight Frank research chief Tom Bill. “After an initial spike in demand for rural locations following the first national lockdown, the appeal of towns and cities is growing as buyers plan for life after lockdown and some attempt to capture the best of both worlds.”
FT: What the stamp duty charge for overseas buyers means for London
In this piece for the Financial Times, George Hammond speaks to buyers, agencies and analysts about the potential impacts of the incoming 2% surcharge for non-residents.
Mortgage approvals dip but remain high
Encouraged by the temporary Stamp Duty holiday, individuals borrowed an additional £6.2 billion secured on their homes in February – the highest net mortgage borrowing level since March 2016 (£7.2 billion, when borrowing was also boosted by changes in Stamp Duty).
Portal reports another record day as sales supply begins to pick up
Tuesday 23rd March saw the highest number of Agreed Sales of any single day over the past ten years, says Rightmove. A new website traffic record was set the next day – when more new sales listing went live than on any other day so far this year.
Charlie Wells: ‘The past few months have been the busiest in a decade’
Country houses and estates have been flying off the shelves since August, often without even reaching the open market, reports buying agent Charlie Wells – although the initial hysteria has now largely gone…
Jump in chain-free property listings as buyers prime for action
The number of chain-free property listings has jumped from one in six at this time last year to more than one in five now.
Vaccine tycoon reportedly rents Mayfair mansion for £50k per week
It’s being reported that the Chief Executive of the Serum Institute of India has agreed to pay a massive £50,000 per week to rent a 25,000 sq ft mansion in Prime Central London.
Buying agency predicts London market will go ‘stratospheric’ in 2021
‘We are nearing the end of the quiet before the storm’, says Stacks’ Sara Ransom.