Ranked: Which areas are seeing the biggest price reductions?
Estate agency comparison website GetAgent has checked the major property portals to see where asking prices have been cut by more than 15%.
CEBR predicts 14% fall for UK house prices next year
Economists warn of a “significant fall” for house prices as wider economic turmoil catches up with the property market.
‘Window of opportunity’ narrowing for international buyers, warns agency
Knight Frank expects demand from overseas purchasers to improve in coming months, but there are ‘multiple moving parts to evaluate’
UK house prices hit a four-year high as demand for outside space continues to climb
“The latest RICS survey provides firm evidence of a strong uplift in activity in the housing market which should help support the wider economy gain traction over the coming months,” says RICS’ Chief Economist Simon Rubinsohn. “More of a concern is the pick-up in prices which could intensify issues around affordability in some parts of the country.”
Scotland’s property market ‘has gone from zero to full ahead in the blink of an eye’
“In Scotland, the opportunity to re-think lifestyle choices has been catalysed by an extraordinary alignment of supply and demand,” says DM Hall.
Life is too short: Evaluating the ‘enjoyment cost’ of a property
There is a bit in-between the value and what you have to pay which you can financially write down over a period of time, explains buying agent Charlie Wells…
Londoners on the move: How ‘rebalancing priorities’ are influencing the decisions of four key London buyer types
Savills’ research team has profiled four key London buyer types and how their changing wants and needs are impacting the prime residential markets. Here’s what’s making Upsizers, Extended Commuters, House Swappers, and Super-prime Buyers tick in today’s market.
Transaction numbers likely to end the year 15% down, predicts Knight Frank
“This does not feel like a re-run of 2008/09 for the UK property market,” says Knight Frank, as it forecasts minimal property price drops against a complex economic backdrop.
Speedy home-sales pick up as Stamp Duty holiday boosts the market
One in seven homes listed since the Stamp Duty holiday was announced in July sold within a week, says Rightmove, up from one in ten during the same time last year.
Offers accepted hit an all-time high in London during August
Another report on the post-lockdown Summer buying flurry, as Knight Frank reports “few signs of the high levels of demand we’re been experiencing since the market reopened abating.”
What clients really want to know about the market right now
Is everyone moving to the country?; what is happening to prices?; and is there anything to buy? are the three big questions on clients’ lips right now, according to buying agency Prime Purchase, which has reported rising demand for its acquisition services amid all the uncertainty. Here’s the firm’s assessment of what is happening ‘on the ground’ in both the London and country markets right now…
‘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 summer – particularly in country markets.