Sales
PCL sales & lettings market snapshot: An emerging supply/demand imbalance, and a ‘fundamental reset’
The Prime Central London lettings market has undergone a "fundamental reset" over the last year, says Knight Frank, while an emerging supply/demand imbalance is buoying sales values.
Prime London ‘buying frenzy’ cuts price discounts & sales times
Q4 saw the average prime London property price rise by 3.6%, according to Coutts bank, taking it back to roughly the level seen just before the pandemic struck the UK.
‘British house prices will flatline this year’ – Reuters
The latest Reuters poll of property market pundits predicts 0% growth for average London and UK property prices in 2021.
£1m+ home numbers rise for the first time in five years
A sharp rise in 2020 means that Britain is now home to 53% more seven-figure properties compared to a decade ago - but 7% fewer than in 2015.
Mortgage approvals hit highest annual total since 2007
103,400 house purchase mortgages were approved in the last month of 2020, taking the year's total to 818,500 - the biggest number in one year since 2007, despite approvals hitting a record monthly low…
Property exchanges were up 57% in January – will the stamp duty holiday be extended?
As MPs prepare to debate a petition to extend the stamp duty holiday by six months, it’s worth keeping an eye on two pieces of data that will play a crucial role in the eventual decision, says Tom Bill...
Cautious optimism is the name of the game in PCL
There most certainly is a market in Prime Central London, and a potentially strong one at that, says Simon Rose - but buyers need to maintain a level of caution, and sellers a level of realism...
Zoning Out: How buyers are re-drawing the commuter belt
As the return of a "normal" commuting life seems less and less likely, househunters are ripping up their previous geographical property requirements, writes buying agent Charlie Rearden...
Ranked: London’s home-selling hotspots
There are six London boroughs where more than one in 25 homes are currently listed for sale.
12% drop in new instructions as vendors take stock
Sellers are "reluctant" to list their homes for sale during this third national lockdown, reports Zoopla, but buyer demand continues to escalate.
December’s agreed sales tally was the highest since 2006
Estate agency branches did an average of eight sales deals last month, according to Propertymark, down from 13 in November but still the highest December total since 2006.
What’s happened to property prices in London’s Golden Postcodes?
The average price paid in Prime Central London has fallen by 10% since the start of the Covid-19 pandemic - but some enclaves have seen dramatic prices rise.