Sales
UK market facing ‘cliff-edge chaos’ in Q1
'The creaks in the system may start to get louder', warns agency, as looming SDLT deadlines add further strain to a short-staffed conveyancing system...
Buyers are flocking to the ends of London’s commuter lines
In a reversal of last year's trend, new Rightmove data tells us that TfL Zone 6 has seen the biggest increase in property demand, while Zone 1 has seen the smallest rise compared to last year.
Scotland’s resi market is facing a price bubble of pre-2008 proportions
The last quarter has pulled the market out of the abyss, but surveyor Eric Curran is now seeing prices being offered that will certainly not be recoverable in the foreseeable future...
Annual house price inflation climbed to 2.5% in August – UK HPI
London's average property price has escalated back to its 2017 high, according to the latest official UK House Price Index.
High street agents still claiming over 98% of the market above £1m
Hybrid & online agents boosted their share of new instructions significantly in Q3, reports TwentyCi, but are yet to make much of a dent in the prime market...
More prime London agencies make hay while the sun shines
Boutique firm Aston Chase joins other boutique operators reporting a bumper run of deals, after chalking up £175m worth of sales in the last five months alone...
New-build home deliveries sink by 15-20%, but development land buying activity remains strong
Savills saw more new-build homes reservations in Q3 this year than in any previous quarter on record, while development land buyers focus on smaller sites.
High-end bargain-hunters splash £2.5bn in London’s top postcodes
PCL's £5m+ transaction volumes are 12% up on last year's levels, with Q3 proving the strongest quarter in five years; ‘these are results that nobody could have anticipated’, says Savills...
‘There is smart money in Europe targeting London’: French buyers come to the fore in PCL
Buyers from across the Channel jump to the top of Knight Frank’s international buyer rankings, while purchases by Chinese nationals almost halve in ‘major shift’...
‘Previous records are tumbling in this extraordinary market, and there are still some legs left in the upwards march of property prices’ – Rightmove
Property portal predicts average asking prices will end this year 7% higher than they started it.
‘We may be hitting a high plateau’, says Savills, as £1m+ sales jump
There's been a "rebalancing of the market between London and the country", says Savills, as the capital lags a sharp increase in £1m+ sales across the UK.
‘The frenzied conditions seen at the start of the summer seem to have been replaced by calmer, more considered buyers’ – Garrington
Look beyond the "mini boom" property press headlines, and there's "a complex and polarised market with significant differences based on location, property type and sector of the market," says national…