Sales
Average house prices nudged up by 0.3% in May – UK HPI
The average UK house price increased by 2.9% over the year to May 2020, up from 2.7% in April, according to the latest official UK HPI update.
Agents are marketing their best instructions quietly to avoid being ‘inundated’, reports buying agency
Selling firms are aiming to attract only the 'hottest' purchasers, says Stacks, as demand continues to soar...
Summer sales spike borne out in BoE mortgage data
66,300 mortgages were approved in July, according to the Bank of England.
Inaugural August auction raises over £20m
Savills' auction team has sold over £254m-worth of property during 2020 - 35% more than during the same period in 2019.
‘No sign of a slowdown’ as Zoopla predicts 2-3% property price growth this year
The average "time to sell" a home has fallen by almost two weeks (31%) since lockdown restrictions were lifted, compared with the same period 12 months prior.
Estate agencies’ sales numbers hit a 13-year high
An average of 13 sales were agreed per estate agency branch in July, the highest figure recorded since June 2007.
Running out of the gates: On the rush to the country & the hollowing out of a great city
"One would have thought the very city itself was running out of the gates”, wrote Daniel Defoe of London in 1665.
How did past recessions affect UK house prices? Comparing downturns, 1960-2020
"The ‘once in a lifetime’ re-evaluation of housing requirements on the back of the lockdown will be a counterweight to the impact of the recession on housing market activity over the rest of 2020,"…
Stamp duty holiday ‘sparks home-moving frenzy’ in southern commuter belt
Almost 94,000 new property listings were brought to market across London, the South East and East of England between 8th July and 16th August, reports Rightmove - which is over 31,000 more than the same…
Ranked: The UK’s most ‘recession-proof’ property hotspots
An estate agency has put a brave face on the UK's bleak economic outlook, suggesting that house price inflation may carry on regardless in the face of a global recession - in some locations, at least.
House prices likely to drop 3% by the end of the year – EY
Property prices are set to fall further this year before recovering by 2-3% in 2021, suggests Dr Howard Archer, Chief Economic Advisor to the EY ITEM Club.
The Missing Market: Why London property developers are missing out on over 23,000 new-build buyers
Savills has identified a significant "missing market" for new-build homes in the capital that property developers "cannot afford to miss out on."