Sales
London’s super-prime market ‘changes direction’ as sales slow from a surge to a trickle
A flurry of £10m+ transactions in Q1 has been brought to an abrupt halt by Covid-19, reports Knight Frank, although "buyer interest remains strong pending the market reopening".
Property sales have slumped by 70% since the lockdown
Transaction numbers have plummeted since the start of the Coronavirus lockdown, but homes continue to be listed for sale, says Zoopla.
From A Distance: The reality of remote buying
The concept of buying a property without setting foot inside is not a new one, says Jo Eccles, but doing so successfully requires intricate, specialist knowledge - and a great deal of trust between client…
Prime London’s property market was surging before the lockdown
Prime Central London saw its fastest quarterly rate of property price inflation in five years in Q1, before the Coronavirus hit.
Six post-coronavirus trends for London’s prime property market
The market will bounce back by September but high street offices will be unviable in the new era of social distancing, speculates Utsav Goenka, founder of new prime property portal Vyomm...
Property transactions to plummet by 38% this year, predicts Knight Frank, but PCL prices are set to surge in 2021
Over half-a-million property sales will be "lost" due to the Coronavirus lockdown, predicts Knight Frank, but prices are likely to "recover sharply" once restrictions are lifted.
£1bn in commission ‘at stake’ as estate agencies fight to keep deals together
'It is difficult at this stage to understand when this blocked commission will end up being paid', warns TwentyCi
Locked-down househunters switch off from property as online searches tumble
Despite a massive rise in the number of people staying at home, Google data shows online searches for the two main portals - Rightmove and Zoopla - are currently at a five-year low across the UK, as are…
The view from Knightsbridge: On Covid-19 and its impact on the PCL housing market
No one knows when some sort of new normality will return, writes Patrick Alvarado, but those firms that manage to see out the crisis may end up stronger as a result...
Savills sells over £18m worth of property at first remote auction
Five lots in London fetched more than £1m after generating competitive bidding
Post-Pandemic: What will become of the UK’s residential property market?
Major agencies have a shot at predicting how far transactions and prices will fall during the Coronavirus crisis, and more importantly - when they will eventually recover...
