Sales
‘Covid-19 has increased the desire to move home, with more space the key driver’ for prime buyers
The latest Savills buyer survey reveals "a greater urgency in the desire to move home", allowing the top-end estate agency to predict that the current surge in buying activity will continue beyond the…
Mapped: London’s top-selling prime & super-prime postcodes so far this year
1,348 residential property sales went through above £1m in London in the first half of this year, according to some analysis by Enness.
Listen: Buying & selling agents discuss market realities in 2020
SP Property Group’s Jo Eccles & Knight Frank’s Tim Hyatt exchange insights in prime resi-focused podcast...
Mapped: Britain’s hottest property sales markets
375 of the 378 local authorities across the UK saw more agreed sales this Summer than last, says Savills, with both London's commuter zone and more rural locations seeing sharp rises in property market…
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,"…