Ranked: Britain’s most popular, most expensive & cheapest seaside locations
Sandbanks, Canford Cliffs and Salcombe are the priciest coastal enclaves, reports Rightmove, while Whitby and Whitley Bay are the most popular amongst househunters.
35% fewer new homes are likely to be delivered this year than in 2019
Current new home activity “paints a fairly positive picture for development,” says Knight Frank, “despite current challenges.”
Savills forecasts a 7.5% drop for house prices this year, with transactions down by a third
Savills is standing by its pre-pandemic five-year forecasts, despite anticipating a major slump in 2020.
Rising sales supply leads to ‘more sustainable market conditions’ – but ‘the recovery is still fragile’
New sales instructions have increased by 16%, says Knight Frank, as supply catches up with post-lockdown demand.
Agent enquiries have jumped by an average of 32% as Northern towns bounce back faster
Northern towns have seen the biggest surge in buyer demand since the property market re-opened, reports Rightmove.
Prime Central London firms tip market to bounce back
‘We anticipate that circumstances could lead to a stronger PCL market in 2020/21 than many currently predict, just as we did in early 2009’, says LCP, while Winkworth predicts a ‘summer spike’ could be on the cards…
Buyers & sellers will have to carefully navigate the economic data this summer
We will only be able to start understanding what has taken place towards the end of the year, writes Tom Bill…
Coast Wanted: The UK’s priciest seaside housing markets
Celebrity-strewn Sandbanks tops the coastal house price league table with an average of £619,431, higher than Salcombe, Aldeburgh and Lymington
The property market is showing ‘far more resilience than had been expected’
There’s been “a strong initial bounce-back in all metrics” since the property market lockdown was lifted on 13th May, reports Rightmove –Â but 175,000 vendors are “missing the market”.
Record levels of offers accepted as ‘traction’ returns to the market
The number of deals struck outside London hit an all-time high earlier this month, reports Knight Frank, while the gap between asking and achieved prices is narrowing…
Pandemic pushes expats to buy homes ‘back home’
A rising number of expats are looking to move “back home” as the impact of the Coronavirus pandemic unfolds, according to a survey of prime-oriented Knight Frank brokers around the world.
The Curate’s Egg: Why the housing market headlines are well off the mark
What is happening at ground level is far too complex to be covered in a newspaper by-line, writes Saul Empson