The Market
The property market’s post-lockdown surge ‘has continued into its sixth week’ – but how long will it last?
Knight Frank has just recorded its biggest ever week for offers accepted.
Reuters poll: UK prices to fall by 5% in 2020, before gradual recovery
Panel of pundits predict rises of 1.5% in 2021 and 3.5% in 2022
Demand surge to prop up house prices for the next few months, but the post-lockdown bounce is already slowing
"The surge in demand for property is expected to delay house price falls, pushing them towards the end of 2020," says Zoopla, as it forecasts that annual price inflation will be sustained at 2-3% for the…
Ranked: Britain’s most popular, most expensive & cheapest seaside locations
Sandbanks, Canford Cliffs and Salcombe are the priciest coastal enclaves, reports Rightmove, while Whitby and Whitley Bay are the most popular amongst househunters.
NAEA boss warns ‘Covid fatigue’ could force another property market lockdown
"If the sector is seen to be abusing the safety rules, the Government has the right to withdraw its consent to keep the housing market open," warns Mark Hayward, Chief Executive of the National Association…
Government outlines package of measures to boost post-Covid construction
Housing minister Robert Jenrick promises an extension of planning permission deadlines, speedier planning appeals, and relaxed restrictions on construction site working hours;
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.