Sales
Average transaction time jumps to 295 days
Property sales are being agreed more quickly, but the processing of transactions is taking a lot longer than before the pandemic and Stamp Duty holiday.
UK market set for spring bounce as return to normality beckons
‘Circumstances are conspiring to produce an active few months’, says Knight Frank.
‘Strongest spring sellers’ market in the past decade’ – Rightmove
“The current excess of buyer demand over supply is the largest we’ve seen in the last ten years and suggests that this could be one of the best ever Easters to sell,” says Rightmove, as it tries…
Historic Interest: Listed home sales hit record high
2020 was the first time more than 8,000 listed homes changed hands in England and Wales, reports Hamptons.
Heatmapped: House price inflation tops 20% in South West hotspots
The South West region currently has the highest annual rate of growth in the country at 15.3%, according to the latest e.surv HPI.
Knight Frank swings house price forecast up, from 0% to +5% this year
UK property prices are likely to rise this year, says Knight Frank, as it follows other market-watchers in revising up forecasts.
‘Upward pressure on house prices shows no sign of easing’ – RICS
Most surveyors expect property sales activity to pick up in the coming months, thanks to Budget certainty and the easing of national lockdown restrictions.
London’s high-end homebuyers ‘paid 12% of the stamp duty owed across England last year’
The 675 £3m+ deals recorded in the capital in 2020 generated a combined total of £368.6m in stamp duty, according to research by Enness Global.
The new golden age of London’s Mayfair
The Monopoly board game isn’t outdated after all, writes Ed Lewis.
PCL set to ‘rebound strongly’, says Savills, as it upgrades prime & mainstream property price forecasts
“Prime Central London offers a real buying opportunity" this year, says Savills, as it predicts >20% price growth over the next five years.
The Telegraph: Will London house prices recover? New York’s property bust and boom has the answer
Buyers were negotiating 50% discounts in the Big Apple over the summer, reports Melissa Lawford in this piece for The Telegraph, but the tide now looks to be turning...
Return to school drives sharp pick-up in sales & lettings enquiries
"Home schooling is turning to home searching," says Carter Jonas, as parents "refocus and prepare for a move in time for September 2021 and the start of the new school year."