Sales

Most of the decent houses have sold over the last year, and what remains is often either overpriced or substandard, writes Hannah Aykroyd.

'The market could go up a few per cent quite quickly, and a lot of good quality property has been held back from the market during lockdown', says Black Brick

"Extreme market momentum will moderate," predicts Zoopla, as more stock comes to market and buyer demand calms.

One in six homes is selling for more than the original asking price, reports Propertymark - the highest proportion recorded since May 2014.

While many Londoners did exit the city for more space over the last year, just as many realised the importance of being near amenities, friends and family, writes developer Christopher Murray.

HMRC's revenue from SDLT was 22% higher last month than in March 2020.

Using granular LonRes data, Fraser Slater examines how sales values for houses and flats PCL changed over the course of last year - and the premium buyers were willing to pay across all the key neighbourhoods...

New research claims homes in the most expensive postcode in the capital, W1K, have been selling at an average of 20% below asking.

The average UK house price increased by 8.6% over the year to February 2021, up from 8.0% in January.

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.

The agency noted a massive increase in telephone bidders at its latest sale, which raised £40m.

JLL expects the capital's most iconic borough will benefit from a renewed appetite for city living in the wake of the pandemic.