Sales
UK resi market set for first ‘£100 billion summer’
Factors have combined to set up the ‘highest grossing quarter in UK residential market history’, says JLL.
Record number of homes selling at or above asking price
Buyers in England and Wales paid an average of 98.1% of the final asking price in January this year, reports Rightmove, marking the first time the percentage has ever exceeded 98%.
20 buyers for every property: Another record month for property demand & sales over asking price
There are now 20 buyers chasing every property on the market, according to Propertymark.
Hong Kong buyers & tenants hone in on London
New visa regulations and the imminent easing of travel restrictions have 'revived London’s appeal as an investment and lifestyle hotspot', says Chestertons
New-build premium put at 29%
Analysis of government figures reveals the areas where average new-build prices are as much as double those of the existing market.
Busiest year for the Prime London market since 2014
The number of properties sold in the first five months of 2021 was the highest total for seven years, reports LonRes, but demand is generally not outstripping supply…
Super-prime recovery: £36.8bn is currently targeting London’s £10m+ property market
Infography: London's super-prime property market in seven charts.
Asking prices hit another record high, but ‘there are early signs of a slowing in the frenetic pace’ of the property market
Asking prices have increased in every region, reports Rightmove, with larger homes seeing the highest rate of property price inflation.
‘Proximity to the pub beats being close to work’: Pandemic leaves ‘a legacy of changed priorities’ amongst prime property buyers
Most affluent property buyers are "undeterred" by the looming end of the Stamp Duty holiday, says Savills, but the pandemic is likely to leave "a legacy of changed priorities" amongst home-buyers.
London super-prime deals jumped by 44% in Q1 – but are still below pre-pandemic levels
“The outlook for the super-prime London market remains fairly positive at present," says Benham and Reeves boss Marc von Grundherr.
House price inflation falls back to +8.9% – UK HPI
April saw UK house price growth slow for the first time since July 2020, according to the official index.
Heatmapped: Prices are rising at a ‘worrying’ rate in some UK regional markets
Over the last twelve months, the average price of a home sold in England and Wales has rocketed by £40,500, or 13.