Sales
Rightmove heralds busiest-ever January – but fall-through rates ‘creep up’
New sales supply is not keeping up with rising buyer demand, says property portal.
Mapped: Million-pound home sale hotspots
London and the South East were home to the vast majority of seven-figure sales in the last year - but there are some surprises when it comes to average seven-figure sold prices...
How much old rectory do you now get for a two-bed in Chelsea?
About 25% less than a year ago, according to the West Country branch of acquisition firm Stacks - although there is still value to be found in a hidden AONB just off the A303...
London market has cooled under lockdown – Chestertons
New applicant numbers were down by nearly a quarter on last year’s levels in January, reports 31-branch agency, although deal volumes are still running high.
PCL sales & lettings market snapshot: An emerging supply/demand imbalance, and a ‘fundamental reset’
The Prime Central London lettings market has undergone a "fundamental reset" over the last year, says Knight Frank, while an emerging supply/demand imbalance is buoying sales values.
Prime London ‘buying frenzy’ cuts price discounts & sales times
Q4 saw the average prime London property price rise by 3.6%, according to Coutts bank, taking it back to roughly the level seen just before the pandemic struck the UK.
‘British house prices will flatline this year’ – Reuters
The latest Reuters poll of property market pundits predicts 0% growth for average London and UK property prices in 2021.
£1m+ home numbers rise for the first time in five years
A sharp rise in 2020 means that Britain is now home to 53% more seven-figure properties compared to a decade ago - but 7% fewer than in 2015.
Mortgage approvals hit highest annual total since 2007
103,400 house purchase mortgages were approved in the last month of 2020, taking the year's total to 818,500 - the biggest number in one year since 2007, despite approvals hitting a record monthly low…
Property exchanges were up 57% in January – will the stamp duty holiday be extended?
As MPs prepare to debate a petition to extend the stamp duty holiday by six months, it’s worth keeping an eye on two pieces of data that will play a crucial role in the eventual decision, says Tom Bill...
Cautious optimism is the name of the game in PCL
There most certainly is a market in Prime Central London, and a potentially strong one at that, says Simon Rose - but buyers need to maintain a level of caution, and sellers a level of realism...
Zoning Out: How buyers are re-drawing the commuter belt
As the return of a "normal" commuting life seems less and less likely, househunters are ripping up their previous geographical property requirements, writes buying agent Charlie Rearden...