The Market
Transaction numbers are recovering, but are still well below last year’s count
July's official count of residential property transactions was higher than in June, but still some 27% below the same month last year.
£1m+ sales are running 100% above last year’s level as prime leads the property market rebound
The prime market has led the post-lockdown rebound in UK property market activity, suggests data from Rightmove and Knight Frank, with a notable spike in £1m+ deals.
Eviction ban & notice periods extended
The Coronavirus-induced evictions ban has been extended until 20th September, and tenant notice periods have been extended to six months until "at least" the end of March 2021.
Sealed bids are now ‘commonplace’ for the best properties from Scotland to Devon, says top buying agency
It's a "far from relaxing" Summer holiday, says national buying agency Garrington, as the property market's traditional August lull is replaced with plenty of buying activity.
Tenants bargain hard in Prime London as supply levels stay high
With stock volumes 42% up on this time last year, landlords need to be realistic on pricing or face lengthy void periods, warns LonRes
Chinese demand for UK property bounces back as Stamp Duty pushes buyers to act now
"Anyone who can bring their transaction forward to 2020 from next year or even later is doing so," says property portal Juwai, against fears of higher Stamp Duty rates from 2021.
Summer scramble in Prime London as vendors head to market
Latest data from LonRes shows the number of new properties reaching the market in July was up 39% on the same month last year, with 9% more deals agreed;
Another London agency reports a bumper post-lockdown Summer
“We have been genuinely surprised by the rate at which the London sales market has picked up since lock-down restrictions were relaxed in May," says Chestertons chief Guy Gittins, "which culminated in…
UK HPI returns after lockdown hiatus: Average property prices dipped by 0.2% in April
In the year to April's end, average house prices increased in London to £480,425 (2.3%), in England to £251,000 (2.5%), Wales to £169,000 (5.0%), Scotland to £153,000 (1.
Homemover numbers slumped by nearly a third in H1
Largest drop seen in the UK since 2009 was still not as bad as some were predicting, says Lloyds...
Government taskforce looks to drive a ‘suburban renaissance’
A public Call for Evidence has been launched to help policy-makers "understand both the challenges and opportunities facing Suburbs, in order to identify potential policy solutions which aim to support…
Resi sector leads ‘a significant turnaround in architects’ confidence’
“Within a tumultuous five months we’ve seen the fastest and deepest collapse in architects’ confidence, followed by the strongest rally," says the RIBA.