Sales
£82bn-worth of resi property deals are in ‘suspended animation’
Zoopla estimates that 50% fewer homes will be sold in 2020 than in 2019... The current rate of deals is about 10% of the usual March tally - a market more akin to late December than Springtime.
London’s resi development industry ‘made hay’ during Q1
Latest Molior survey of the capital's new-build scene shows sales and starts were both up significantly pre-lockdown
Under offers piled up as the lockdown halted prime London’s property market recovery
Nearly a third (30%) more London homes were marked as "under offer" at the end of March compared to the same time a year ago, according to LonRes data mined buy Coutts bank, as deals piled up under the…
Off-plan sector facing wave of legal disputes, warns private wealth firm
Developers are already 'exploring their options' over deals where the buyers seem to have gone cold, reports Boodle Hatfield
Deutsche Bank predicts a 20% slump for UK house prices
Everyone agrees that transaction volumes will plunge, but opinions are divided over the impact of the Coronavirus on property values...
FT: How coronavirus is threatening the UK’s second-home market
Writing for the FT, Liz Rowlinson reports from the UK's holiday home hotspots, where the coronavirus has been heightening tensions between locals and second home owners.
Average property prices dipped in February – UK HPI
London prices climbed by 2.3% over the year to March - the biggest annual increase of any English region.
Gardens are shooting up in popularity, unsurprisingly
Househunters are craving outside space amid the lockdown, says Rightmove, after analysing the top ten keyword searches on its platform over the last few weeks
Ranked: The 50 ‘worst hit’ areas for new listings
The level of new stock hitting the market has fallen by up to 95% in some parts of the UK
Three Phases: How prime London’s property market will emerge from the Covid-19 lockdown
The ongoing Coronavirus lockdown will be followed by a "mini-boom" in prime London's property market, predicts super-prime specialist estate agency Beauchamp.
Rightmove suspends house price index over lack of new listings
"Given the lockdown and pausing of key activities in the housing market, statistics on the number of properties coming to market, new seller asking prices, and new sales agreed are not meaningful," says…
Suspending the housing market is unprecedented, but it is temporary. Be assured, it will start again
People are very resilient and, when this is over, they will want to get back to their lives quickly, says Eric Curran...