The Market
Stamp Duty holiday drives instant property portal activity surge
Record levels of traffic and enquiries were recorded on the major property portals following the Chancellor's SDLT tax cut announcement.
PCL lettings market on the turn as supply levels ease
Average values have now fallen by -4.6% on an annual basis, reports Knight Frank, but demand is building just as supply levels start to slow...
PCL’s ‘overdue’ return to growth has been delayed to 2021, predicts Savills
Revised five-year forecasts suggest more muted price inflation in Prime Central London, following the Covid-19 crisis.
City Hall demands £3.5bn for ‘buyer of last resort’ scheme
Proposal would allow councils and housing associations to buy unsold private homes at cost price and turn them into social housing if a buyer cannot be found in the open market.
Post-lockdown property market bounce ‘may quickly run out of steam’, warns the RICS
Sales activity has "rallied noticeably" since May, report surveyors.
Super-tenants paying hefty price for versatility, says HNW mortgage broker
Difference between renting and owning the same £10m property could run into thousands a month, says Enness Global
Industry Reactions: Property sector welcomes Sunak’s Stamp Duty holiday
It'll come as no surprise that most estate agents and property developers are quite delighted with the temporary raising of the Stamp Duty threshold to £500k, as announced by the Chancellor in a "mini…
Chancellor confirms Stamp Duty holiday will start today, as threshold raised to £500k
From today until 31st March 2021, buyers will pay no Stamp Duty on the first £500k when they move home.
Prime London ‘shakes off’ initial lockdown impact
'The decline in sales volumes has bottomed out and it appears the same thing is happening with prices', reports Knight Frank
Market Snapshot: Top-end sales trends in England & Wales
Fine & Country and Dataloft have analysed what's happening at the top of the property market, number-crunching movements in the top 5% of sales.
Buying agents on the hunt for over £1.2bn worth of property as purchasers get serious
Revealing data from B2B platform LonRes 'demonstrates the increasing volume of serious purchasers looking to buy now'
Stamp Duty holiday to come in straight away, claim reports
"Mr Sunak has been forced to bring forward the [Stamp Duty holiday] because of fears the housing market would freeze while buyers waited for it to come in the autumn", reports The Sun.