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Property market momentum ‘likely to carry through into next year’, despite the bleak economic outlook
Knight Frank boils down its property market analysis for the coming months into a single key question: "will there be positive news on a treatment or a vaccine before the momentum runs out?"
Millionaires’ Rows: The UK’s top ten most expensive streets in 2020
Zoopla has published its latest rundown of seven-figure addresses, showing Kensington Palace Gardens, Courtenay Avenue, Grosvenor Crescent and Ilchester Place maintaining their positions as the priciest in…
Up-sizers’ average ‘trade-up gap’ escalates to £68k
Asking price inflation for three-bedroom houses has outstripped the price growth of two-bedroom flats every year for the last five years, says Rightmove.
Prime property prices outside London top pre-crash peak
Average prime values outside of London have climbed beyond their 2007 peak for the first time, says Savills, and now sit some 1.4% above their pre-crash high.
Mortgage approvals jump to a 13-year high
August saw the highest monthly tally of mortgage approvals since October 2007. But there have still been around a fifth fewer approvals so far this year compared to the same period in 2019.
‘British house price boom to fizzle out next year’ – Reuters poll
A poll of property pundits a 2% rise for UK property prices this year, before a "flatline" in 2021.
Savills drastically raises mainstream property price & transaction forecasts
"Previous UK recessions have been associated with house price falls, but 2020 looks set to be the exception," says Savills as it "significantly upgrades" is forecasts for both property prices and transaction…
Market Snapshot: Scotland’s £1m+ market has ‘picked up where it left off’, driven by a country house revival
Edinburgh usually dominates the Scottish prime market, but more rural locations have stepped up since the Spring Coronavirus lockdown was eased.
One in eight properties sold above asking price in August
13% of homes went for more than their original asking price last month, according to Propertymark, up from 8% in July and 10% in June.
Six key issues that will shape the property market this winter
More vendors are cutting asking prices, notes Knight Frank, demonstrating "a flicker of nervousness" in the property market as summer turns into autumn.
Record month for Knight Frank Richmond
SW London branch turns in its best August since opening in 2007 as buyers seek volume and outdoor space.
‘The economic consequences from the Covid-19-induced recession will pull the housing market from its long-term growth trajectory’ – Hamptons
2021 will be "challenging", but estate agency brand Hamptons International expects the national average property price to end this year higher than it started it, despite Covid-19 and Brexit, and to climb…