Sales
London market ‘holds its own’ as sales top £56bn
£56.2bn worth of real estate has been sold across the capital since the start of the pandemic, according to analysis of Land Registry records.
Wary vendors are fuelling an ‘iceberg’ off-market property scene
"Market conditions have remained brisk over the last month," says national buying agency Garrington in its latest market update video, "exacerbated further by the forthcoming phasing out of the Stamp Duty…
Heatmapped: Sold prices around Hyde Park
New analysis shows where the value is to be had around London's largest green space...
The impact of stamp duty on transaction numbers will be greater in 2021 than during any other year
2021 will be a case study for how differing rates of stamp duty impact the property market, writes Tom Bill - and another big spike in transaction numbers is on the cards for later this month…
Property sales boom ‘is not anticipated to last’ but ‘there is no sign of house price inflation losing any steam’ – RICS
Surveyors report the widest mismatch between property supply and demand since 2013, as agreed sales numbers continue to rise ahead of the end of the Stamp Duty holiday.
London vendors are not moving on price, says estate agency
Chestertons has reported a 'rare scenario of supply meeting demand' in London, as new sales listings exceed buyer registrations. But it's still a sellers’ market, says the firm.
‘Biggest sales pipeline in a decade’ as deals agreed on over 700,000 homes
Some 704,000 homes are marked Sold Subject to Contract and are now going through the sales process, according to Rightmove; it's the biggest sales pipeline of the last decade, 78% higher than in May 2019.
‘Wait till the froth dies down’: Buying agent advises buyers to hold off if they can
Either "put your running shoes by the door" so you can jump on viewings instantly, says Clare Coode of Stacks Property Search in Cornwall, or "wait till the froth dies down".
PCL property prices rise as the market ‘picks up where it left off’ at the end of 2019
Prime Central London has seen annual property price growth for the first time since before the EU Referendum, reports Knight Frank.
Middle Eastern buyers returning to UK market
Buyers from the region accounted for 16% of all UK sales to overseas purchasers in the first three months of the year, compared to less than 10% in the previous two quarters.
Mortgage borrowing falls from a record high, but approvals rise
The Bank of England reports that net mortgage borrowing fell from a record £11.5 billion in March to £3.3 billion in April.
Cautious buyers risk being caught out by PCL recovery, warns Mayfair agency
Black Brick highlights dilemma facing those hoping for the ‘quality gap’ to converge.