Sales
The second homes boom isn’t over
Second home purchases outside of London are up by 83% this year, notes Chris Druce - and the trend is boosting the coffers of the government...
‘The end of the cycle’: House price inflation to slow, predicts Hamptons
"We’re more likely to see a continuation of modest price growth, such as we’ve witnessed during the last five years, rather than a boom followed by a bust," says Hamptons, as it forecasts the start…
Six property market trends to watch in 2022
Hamptons has just published its house price forecasts for the years ahead, predicting the start of a new market cycle in 2024/5. Here the team outlines the key trends to watch in the coming 12 months.
PCL flats are back in demand, reports Mayfair agency
Black Brick has signed up eight new clients in the last fortnight - all but one of whom are looking for apartments in London’s top postcodes: ‘It was tumbleweed for 18 months but now it is a frenzy’…
Fewer vendors budging on price, reports London agency
With demand levels running high, sellers ‘don’t feel the need’ to offer a discount right now, according to Chestertons.
Tenants in ‘sprint for stock’ as London lettings market suddenly shifts
A tenant’s market has become a landlord’s market in the last six weeks, reports Knight Frank, as offices re-open and air traffic rises.
Residential property is attracting ‘more sophisticated investors’, says buying agency
"Activity in the residential investment sector is once again picking up", says buying agency Garrington, although the firm reports "a different profile" of buyer in the sector.
London’s royal borough price premium shrinks
The capital's three Royal Boroughs - Kensington & Chelsea, Kingston and Greenwich - have underperformed Greater London's average property price growth over the last five years.
Buyer Beware: On the exorbitant cost of building works
Brexit and Covid have utterly changed the landscape in terms of what it costs to renovate a property - but the marketplace remains massively underprepared and ill-informed, warns buying agent Guy Meacock……
Buyers are facing the most competitive property market on record – Rightmove
Asking prices have reached an all-time high, says Rightmove, as competition among potential buyers to secure their next home is now more than double what it was this time in 2019.
August record for above-asking deals
37% of sales agreed in August were for more than the original asking price, reports Propertymark, as demand continues to rise and supply to fall.
UK property price inflation slows to +8%
July say the biggest monthly drop in average house prices since 1992, according to the latest official house price data.