The Market
House prices likely to drop 12%, warns major insurer
Aviva is forecasting a 12% drop for UK house prices as a result of the Coronavirus pandemic, "followed by long-term growth".
Market Snapshot: Sales & lettings listing, one week after lockdown
“One week on from the surprise opening of the housing market and agents are still showing caution and quite rightly putting safety first," says Rightmove.
Only half of new buyers are requesting physical viewings – Chestertons
Applicants appear to be following government advice and only viewing properties they are serious about, observes London agency.
Required Reading: Coronavirus & property taxes
Some pretty significant changes have been happening to the property tax regime of late, and with transaction timescales now all over the place, Fiona Poole & Dominic Condé-Cole condense the issues…
LonRes off-market listings top £1bn as agents look to soft-sell
'Particularly in these times when sellers may be hesitant about launching their property on to the open market, this service provides agents with an effective, softer option to offer their clients', says…
London house prices increased by 4.7% in the year before lockdown – UK HPI
Next month's official house price index will not be published due to the Covid-19 lockdown thwarting the property market.
Agents must adjust to a brave new world
The lockdown has been tragic, farcical and surreal, writes Trevor Abrahmsohn, but that rare commodity ‘confidence’ is making a welcome return...
Online enquiries surge in a ‘lockdown lift-off’
“This shows what happens when you temporarily suppress pent-up demand that had been building for years," says Knight Frank.
Just 2% of super-prime property listings in London are spoken for
Benham and Reeves has checked what proportion of listings are marked as sold or under offer by price bracket across prime London.
Exploring London’s 75% park-view property price premium
New prime property with park views command a 34% price premium globally, says Knight Frank, rising to 75% for a view of one of London's Royal Parks.
Vendors & landlords will soon have to disclose poor air quality
Propertymark moves to include high pollution levels on its property information questionnaire, with potentially big implications for those in the PCL heartlands...
Lavish Lennox Gardens triplex looks for £24.75m
Grand five-bed with two master suites is gunning for over £4,600 psf