Sales
59,000 ‘lost’ deals: Estimating the financial cost of lockdown to the estate agency sector
The UK's Covid-19 lockdown caused a dramatic slump in the number of new instruction and sales agreed, reports Twenty EA, but property exchanges appear to have been more resilient.
One in ten properties went for above asking last month – NAEA
Agency body recorded the highest proportion of above-asking sales since 2016 in June, although well over half still went through below.
The view from Knightsbridge: Patience is of the essence
Where sellers are flexible and in touch with reality, deals have kept going when they might otherwise have faltered, reports PCL agent Nic Pejacsevich...
‘There are signs that normality is returning’ to the property market, says Knight Frank, but uncertainty remains
"The UK will officially be declared to have entered a recession next month," says Knight Frank's Tom Bill.
Edinburgh hots up while Scotland’s country house market makes a ‘slow return’ from lockdown
Edinburgh's prime property market has picked up more quickly than Scotland's country house scene since Covid-19 lockdown restrictions were eased, says Knight Frank.
Foxtons reveals the ‘decision triangle’ and new-build pricing process
50-branch agency provides some interesting insights on buyer and tenant behaviour in the capital, and how it goes about pricing new-build schemes...
‘A value gap has enabled a recovery in buyer demand across countryside locations’ – Savills
England's prime regions "remain price sensitive" despite a surge of demand and activity in the aftermath of the first Covid-19 lockdown.
The view from inside north London’s Russian quarter
In a piece originally published in 2018, veteran agent Trevor Abrahmsohn explains why oligarchs first started buying in Hampstead & Highgate, and the impact of tensions, sanctions and currency fluctuations…
153 $10m+ sales worth $3.2bn: How the world’s super-prime markets fared under lockdowns
Activity may have plunged, but global super-prime property markets "outperformed expectations" under lockdown, reports Knight Frank, with 153 sales going through above $10m since March.
‘Unexpected mini-boom’ pushes asking prices to a record high
"Current activity levels clearly show that Britain is getting moving again," says Rightmove, with the Stamp Duty holiday serving to “amplify the buyer surge”.
Summer lull cancelled as activity surge continues
There will be an unusual pattern of activity for buyers and sellers to navigate this year, warns Knight Frank
New-build buyers burst out of lockdown, says Savills
Record demand in June ‘more than made up’ for the market hiatus, says the agency