Sales
2021 starts with ‘a noticeable drop off’ in property demand
January saw buyer enquiries, agreed sales and new instructions fall for the first time since May, according to the latest RICS survey - but house prices continue to rise (for now).
Look north of Hyde Park for the rise of the next London village
Bayswater is the most central London location that currently looks genuinely under-priced, writes Ed Lewis, as he takes us on a whistle-stop tour of the landmark addresses lining Hyde Park & Kensington…
The number of Londoners buying second homes outside the capital tripled last year
The number of London-based buyers that purchased a second home outside the capital leapt by 309% in 2020 compared to 2019, according to Knight Frank, as affluent sorts looked to escape the city.
‘An unusual year’: Britain’s pandemic property market in nine charts
The ONS has produced a series of charts that illustrate what happened to the property market in 2020, from national price inflation rates to a growing preference for larger homes.
Awaiting Clearance: When will London’s property market take flight?
The capital's finest properties will continue to trade discreetly off-market - often in a competitive field - but wider market performance will largely depend on how quickly international buyers can set…
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.