Sales
Sales & new listings dip as property market ‘takes a breather’
House prices "are expected to continue to climb higher over the year to come," says the RICS, "albeit the pace of increase is likely to subside somewhat in the months ahead."
Prime market accounting for 12% of London sales
3,381 £1m-plus resi sales were lodged with the Land Registry in the capital during H1, with 117 breaching the £5m mark.
Prime London property market ‘shrugs off’ end of stamp duty holiday
"We can confidently predict a strong end to the year," says Knight Frank, "just less frenetic than the first six months."
Nearly three-quarters of sales are going to competitive bids, reports north London agency
‘The reports that the property market reached its peak at the end of the stamp duty holiday are unfounded’, says Arlington Residential.
Prime London buyers still splashing out on larger homes
More than half of properties sold over the summer had three or more bedrooms, reports LonRes.
Property prices likely to rise by a third over the next ten years
Using a very long-range crystal ball, insurance website Comparethemarket is predicting that London's average property value will climb by 63% by 2040, with the UK average rising by 58%.
£25m Surrey mansion sparks off-market bidding war
Knight Frank has tucked away £100m worth of property on the Wentworth Estate so far this year, including the spectacular Villa Oman.
Newmarket tops supply shortage hotspots as home sales surge by 79%
Rightmove has identified which locations are being hardest hit by the ongoing shortage of properties available to buy.
Mortgage approvals fall again, but remain above pre-pandemic levels
UK borrowers repaid £1.4bn of mortgage debt in July; it's only the second time in a decade that the Bank of England's data has shown a net repayment.
Nearly of half of UK property sales have been hit by down valuations in the last year
A London estate agency has estimated that nearly 400,000 residential transactions across the UK have been hit with a down valuation in the last year - including 59% of transactions in the capital.
How priorities are changing amongst prime & super-prime buyers
Lifestyle and security are the most important elements for UHNW purchasers, writes Steve McGregor, but those things will look very different in a post-pandemic world…
‘Acute’ property stock shortage to continue into 2022 – Zoopla
“The post-pandemic ‘reassessment of home’ has further to run," says Zoopla, as the UK's property market faces its "greatest stock shortage since 2015."