Sales
Why the coronavirus could focus minds on a move to the country
One outcome of the current crisis will be a significant increase in the number of people leaving built-up cities for the countryside, writes buying agent Charlie Wells
Property transactions are likely to plunge by 60%, warns Zoopla
The property market "has not ground to a complete standstill" yet, says Zoopla, but demand is drying up, fall-throughs are escalating - and deal numbers are likely to sink dramatically in the coming months.
Prime London’s property market recovery has been ‘paused’
The annual rate of property price inflation in prime London turned positive for the first time since 2015 in Q1, says Savills. But the Coronavirus pandemic has put a stop to the burgeoning market recovery.
Average UK and London property prices dipped by 1.1% in January – UK HPI
Official pre-virus data indicates that the annual rate of UK property price inflation fell from +1.7% in December to +1.3% in January.
Foxtons looks to online auction house for sales amid lockdown
Agency lists over 30 instructions with digital property marketplace BidX1 after testing out the platform last month
FT: Uncovering London’s hidden property wealth
Writing for the Financial Times, Nathan Brooker reports from the front line in the war against dirty money
Stock market collapse prompts buyer to pull out of £50m London penthouse deal
Another decided to go ahead with a £2m purchase remotely
Show goes on for auction houses via remote bidding
Savills, Allsop and Clive Emson all switch their Spring sales to online-only
Scotland’s super-prime market was on a roll in 2019
196 sales were recorded above the £1m mark in Edinburgh last year, reports Savills, a full 35% up on the previous record level set in 2007.
‘Our primary current concern is whether there can be a property market at all’
All the chatter about mansion tax and stamp duty is out of the window as agents attempt to navigate through uncharted territory, writes Marc Schneiderman
Valuation Viewpoint: Schumpeter’s creative destruction
As the coronavirus crisis unfolds, many firms will fold due to the lack of cashflow allowing other more efficient firms to expand, writes James Wyatt
Asking prices rise to an all-time high as sales activity blossoms
"The key metrics so far all point to a much more active market than last year," says Rightmove, "fuelling upwards price pressure.