Lloyds expects house prices to fall this year
Lloyds Banking Group predicts that average property prices will fall by 3.8% by the end of 2021, with a downside risk warning of negative growth until at least 2024.
Five Trends: Buying agency picks top PCL themes to watch
Which parts of the market are looking more vulnerable to the 2% overseas surcharge? And which streets are likely to prove ‘bullet-proof’ regardless of wider economic events?
Stamp duty holiday ‘to be extended until end of June’
Reports claim the Chancellor is planning a boost for the property market in his upcoming Budget.
Auction buyers unswayed by remote shift
Allsop’s first resi sale of 2021 raised more money than a ballroom event put on at the same point last year.
Off-plan sales numbers slip
The share of new homes being sold off-plan has fallen from a peak of 39% in 2016 (c.69,000 units) to 33% in 2020 (c.49,000 units), according to a new index from Hamptons.
Off-market activity ‘has been continuing at a cracking pace’ in Scotland
“While a superficial look at the current market might suggest an ongoing lack of supply, activity under the radar has been continuing at a cracking pace,” writes Jennifer Campbell of Scottish property agency Baird Lumsden – which has been involved in some significant off-market deals since the pandemic hit…
Sales volumes could soar by 50% this year, predicts Mayfair agency
Wetherell expects competition to heat up as the international market returns.
Space race to continue, predicts Knight Frank, as latest lockdown ‘reinforces buyer trends’
Agency’s latest sentiment survey suggests demand will remain strong in regional markets, even when restrictions are eased.
Why Hong Kong citizens will answer London’s siren call
An influx of Hong Kong residents should act to offset the negative impact of Covid on London’s population and dampen the notion that property prices are set to dive, writes Fraser Slater…
Houses outperform flats as Prime London market stays strong
Houses in the £2m to £5m range have been significantly outperforming the rest of the market, reports LonRes…
‘Extremely focused’ buyers see no need for a second viewing
The proportion of UK properties sold after a single viewing rose from 17.8% in 2019 to 28.1% last year, reports Knight Frank.