Sales
Where in PCL are buyers bagging the biggest discounts?
New research claims homes in the most expensive postcode in the capital, W1K, have been selling at an average of 20% below asking.
House prices continue to climb, but London still lags
The average UK house price increased by 8.6% over the year to February 2021, up from 8.0% in January.
Talking Heads: On winning bidding wars and paying above the asking
Recent weeks have been filled with tales of frenzied buyers bidding well over the asking price, as soaring demand collides with supply levels sinking to an all-time low.
Bumper start to the year for Savills’ auction team
The agency noted a massive increase in telephone bidders at its latest sale, which raised £40m.
Westminster tipped to outperform PCL forecasts
JLL expects the capital's most iconic borough will benefit from a renewed appetite for city living in the wake of the pandemic.
Market hits a hurdle as agents ‘run out of houses to sell’
The lack of properties coming on ‘has the potential to jeopardise or temporarily cause a slow-down in the market’, says TwentyCi, as stock levels sink to an all-time low.
Why the end of the furlough scheme is likely to have a limited impact on the UK property market
A closer look at the government’s own furlough data suggests there is unlikely to be meaningful downwards pressure on sales volumes or prices when the support scheme comes to an end in the autumn, says Tom…
‘We are seeing the emergence of a giga-prime market’: The rise of London’s £100m+ homes
Renovation and conversion projects are swelling London's small but significant £100m+ property market, creating private palaces just for billionaires.
Activity surges in Prime London as confidence returns
Sales volumes in Q1 rose to levels not seen since the infamous stamp duty stampede of 2016.
‘Frenzied buyer activity’ breaks property market records
Buyer demand is "massively outpacing" the supply of homes for sale, says Rightmove, as the national average asking price surges up by more than 2% in a single month.
Charlie Ellingworth: The big question in the property market is around offices
How businesses do business and employees live their lives in the brave new world will shape both the London and country residential markets, writes PV's Charlie Ellingworth.
London’s property market is ‘most active since 2006’
March saw a 57% increase in the number of people looking to buy a property in London, and a 21% increase in the number of tenants looking to move compared to February, according to Chestertons.