Sales

£1.25 billion worth of sites were transacted in the first six months of the year, 48% up on the three-year average, and there’s ‘no sign of a summer lull’

Transaction volumes were 39% below the five-year average last month, reports LonRes, but ‘key metrics suggest the prime London markets are holding up well’.

The UK property market should start putting the distortions of the last 18 months behind it from the autumn, says Tom Bill

Rightmove has flagged "a more sustained shift in buyer preference than initially thought" as demand for seaside properties outpaces demand fro city living.

Annual property price inflation in Prime Central London has picked up to 0.8%; the highest rate since May 2016.

London's NW3 is the most valuable postcode of the year so far, with £262.5m-worth of residential property changing hands.

Buyers in search of a hefty discount should head to Lambeth, Hammersmith & Fulham, Camden, RBKC and Wandsworth, suggests London agency.

London leavers bought 85% more homes outside the capital in the first half of this year than in H1 2019.

The annual rate of house price inflation across the OECD group of rich nations hit 9.4% in Q1 2021 - a 30-year high.

In a typical year, only around half of properties listed for sale on Rightmove successfully find a buyer. That has jumped to nearly 70% in the last year or so.

Net mortgage borrowing reached an all-time high of £17.9 billion in June, according to the Bank of England - smashing the previous record, set in March 2021, of £11.5bn.

A £2m down-valuation? Don’t bet against it…