Prime London saw 12% more £5m+ property sales in 2020 than in 2019
Surprisingly high prime sales volumes are “a clear demonstration of confidence in London as a leading world city,” says Savills.
Fall in transactions four times higher during financial crisis than pandemic
Comparison with 2008 ‘puts the impact of Covid-19 on the property market into context’, says Knight Frank, suggesting that 2021 ‘may also surprise on the upside’
How the property market rebounded from one of its biggest challenges in history
West London agent Paul Cosgrove looks back on an extraordinary period for the capital’s property market, and explains why recent demand shifts are much more than a passing trend…
Developer canvasses buyers on post-pandemic motivations
‘People want more from the places they live, both in the physical bricks and mortar as well as the immediate external surroundings’, says Canary Wharf Group after surveying 2,000 buyers.
Average London house price tops £500k for the first time
The pace of property price inflation picked up dramatically towards the end of last year, according to the latest official UK HPI. London’s average property price has topped £500,000 for the first time, while the UK average has reached a record high of £250,000.
Family Fortunes: How family home prices have shifted over the last four years
Zoopla reveals where family-size homes (3-5 bedrooms) have seen the biggest increase in price per square foot since 2016.
‘Monumentally beneficial’ Stamp Duty holiday ‘on course to save homebuyers £1.5bn’
The nine-month SDLT break is likely to cut HM Treasury’s revenue by £1.5bn, says estate agency Keller William UK, having already saved property buyers £817m in tax payments.
Forget macro-economics – the key driver in the property market is much simpler…
Rather than politics, currency fluctuations or legislation changes, the market’s sustained performance is actually being underpinned by an innate desire for progress in our lives, writes Giles Barrett…
SDLT deadline is ‘damaging Londoners’ health & wellbeing’, warns Dexters
‘It can’t be right to have house movers and their removals vans queuing up in March trying to beat the deadline in the pandemic lockdown’, says CEO Andy Shepherd, as the the agency puts forward a ‘practical solution’…
10% more property sales were agreed in 2020 than in 2019
The sales market has seen a busy start to the year, although asking prices have dipped in the last month as vendors price competitively.
Land Registry data reveals ‘shocking’ fall in flat sales
48% drop in transactions marks ‘first official confirmation that fears over unsafe housing are freezing the market’