Sales
Average time to sell a home jumps to 141 days
In 2019, it took an average of 129 days from a listing first appearing on a property portal to the transaction completing. That's jumped to 141 days in 2020.
Only one in five people expect UK house prices to fall next year
A recent survey has also found that British buyers are more likely to put forward a lower offer than asking price compared to their European counterparts.
‘Being green will overtake being swanky’: PCL buying agency pinpoints four key themes for 2021 & beyond
Black Brick selects four key real estate trends to watch in the nearish future, including the increasing importance of “green” creds, the ongoing search for space, and the rise of the “15-minute…
‘London is better positioned than its main competitors to come out of Covid well’: Northacre’s chief on the resilience of London’s luxury property market
"London is better positioned than its main competitors to come out of Covid well," argues Northacre's CEO, Niccolò Barattieri di San Pietro, as he suggests that "lockdown highlighted the greatest pleasure…
Infography: A deep dive into Prime Central London’s pandemic property market
Savills' Lucian Cook and Frances Clacy examine transaction activity, prices, buyer demand and international activity in London’s prime central property markets...
High-profile Hampstead agent hopes chunky finder’s fee will unearth elusive high-end vendors
‘In the £1m to £4m range, I’ve got nothing. I’ve never been in that position’, says Glentree boss Trevor Abrahmsohn.
Mortgage approvals hit highest level since 2007
The latest Bank of England data tell of "robust" mortgage market, with approvals in October running a third above pre-pandemic levels.
PCL prices still flat despite activity surge – Winkworth
Major-league agency reports on how activity recovered in the third quarter, with exchanges rebounding by 192%.
How prime London’s property market is staging its latest comeback
Lucian Cook examines the historical and global factors that have defined the Prime Central London property market, the current conditions that are transforming the landscape, and what a post-Coronavirus…
Ranked: Britain’s top 10 seaside property price hotspots
Mumbles in Wales, Camber in East Sussex and Fowey in Cornwall are Britain’s top coastal price hotspots, according to Rightmove.
OBR slashes five-year house price inflation forecast by 17%
Average property prices are likely to be 17% lower after five years than was predicted in March, before the pandemic hit, says the Office for Budget Responsibility.