Sales

Going by recent reports, you’d think most of London had upped sticks in search of rural idylls;

Savills does not foresee a wholesale exodus to the countryside...

Developer behind Centre Point & The Bryanston reports an influx of demand from the region, driven by the UK’s recent visa announcement and the upcoming SDLT surcharge.

N2 had a median sold price of £14.1m in the first quarter, according to analysis of Land Registry data, putting it ahead of W1K (£9.2m) & N6 (£9m).

"We have been surprised at the extent to which lockdown has made people reassess their housing needs and, more pertinently, act upon it," says Savills.

Panel of pundits predict rises of 1.5% in 2021 and 3.5% in 2022

"The surge in demand for property is expected to delay house price falls, pushing them towards the end of 2020," says Zoopla, as it forecasts that annual price inflation will be sustained at 2-3% for the…

Sandbanks, Canford Cliffs and Salcombe are the priciest coastal enclaves, reports Rightmove, while Whitby and Whitley Bay are the most popular amongst househunters.

Current new home activity "paints a fairly positive picture for development," says Knight Frank, "despite current challenges."

Savills is standing by its pre-pandemic five-year forecasts, despite anticipating a major slump in 2020.

New sales instructions have increased by 16%, says Knight Frank, as supply catches up with post-lockdown demand.