The Market
Savills revises rental growth forecasts down
Rental yields are likely to be lower in 2024 relative to today, predicts Savills.
35% fewer new homes are likely to be delivered this year than in 2019
Current new home activity "paints a fairly positive picture for development," says Knight Frank, "despite current challenges."
£4.4bn of Scottish property owned by offshore firms
Scotland is losing out on tax revenue as a result, say campaign groups
Savills forecasts a 7.5% drop for house prices this year, with transactions down by a third
Savills is standing by its pre-pandemic five-year forecasts, despite anticipating a major slump in 2020.
Rising sales supply leads to ‘more sustainable market conditions’ – but ‘the recovery is still fragile’
New sales instructions have increased by 16%, says Knight Frank, as supply catches up with post-lockdown demand.
Agent enquiries have jumped by an average of 32% as Northern towns bounce back faster
Northern towns have seen the biggest surge in buyer demand since the property market re-opened, reports Rightmove.
Activity returns to global property markets, but there’s a ‘disconnect’ between buyers & sellers on pricing
Residential property activity in China "has largely returned to normal" after two or three months out of lockdown, reports Savills.
Prime Central London firms tip market to bounce back
'We anticipate that circumstances could lead to a stronger PCL market in 2020/21 than many currently predict, just as we did in early 2009', says LCP, while Winkworth predicts a ‘summer spike’ could…
‘So little has been able to happen, yet so much has changed in the property market’ – Garrington
"So little has been able to happen, yet so much has changed in the property market," says buying agency Garrington in its video appraisal of the post-lockdown market.
Buyers & sellers will have to carefully navigate the economic data this summer
We will only be able to start understanding what has taken place towards the end of the year, writes Tom Bill...
Coast Wanted: The UK’s priciest seaside housing markets
Celebrity-strewn Sandbanks tops the coastal house price league table with an average of £619,431, higher than Salcombe, Aldeburgh and Lymington