Sales
Mortgage approvals recover to 2016 levels
Mortgage approvals for house purchase rose to 70,900, the highest since February 2016, according to official data from the Bank of England.
‘The London market is bouncing like a spring lamb, but keep your feet on the ground and don’t always follow the herd’
Reassured by safety in numbers, househunters have flocked back to the market at the same time, writes buying agent Guy Meacock - but they now face a very different landscape...
Housing demand jumps by more than a quarter
Estate agents report 29% more prospective buyers per branch compared to last year - but no corresponding rise in supply.
How many deals are sealed after a single viewing?
Over 15% of one major agency's sales last year took place after the buyer had seen the property just once...
House prices in all English cities have now returned to 2007 peak levels
Average property prices across UK cities have increased by 3.9% in the last year, says Zoopla, but the portal "does not expect a material acceleration in the rate of growth in the foreseeable future.
‘Developers will struggle to break ground on new sites’: Woes continue in PCL’s new-build sector
New-build transaction slump should serve as a cautionary tale against any further tax tinkering, warns LCP
Supply & demand move further out of kilter as vendors hold back
Demand may be surging, but new property listings have fallen by 21% year-on-year says Knight Frank, while January's UK transaction tally was 4% lower than in 2019...
Ranked: 2019’s best & worst performing areas for house price inflation
North Devon and southern Wales saw the highest rates of property price inflation last year, while London boroughs saw the sharpest falls.
Best bids and attended exchanges on the rise in PCL, reports agency
Buyers’ and sellers’ confidence and optimism is 'back with a bang', according to Chestertons
High value deal surge in Central London pushes property price inflation rate up
"Increased London house price growth may reflect a larger shift in the type of properties being sold than usual," says the official UK House Price Index, "with more sales of very high value properties.
Developers are back on the hunt for sites in PCL
Demand amongst both large and SME housebuilders for new sites in zones one and two is 'robust', reports Knight Frank, following a big drop-off in the wake of the EU Referendum
Cash buyers pay an average of 9% less for a home than mortgagers
The average price paid by cash buyers for a home in the UK is 9% less than that paid by mortgaged buyers... But it's a different story in London.