1,348 residential property sales went through above £1m in London in the first half of this year, according to some analysis by Enness. SW6 and NW3 saw more than any other postcode, while SW3 saw more super-prime £10m+ transactions.
375 of the 378 local authorities across the UK saw more agreed sales this Summer than last, says Savills, with both London’s commuter zone and more rural locations seeing sharp rises in property market activity.
66,300 mortgages were approved in July, according to the Bank of England. That’s the highest since February, a 66% jump from the previous month (39,900 in June), and comes in pretty close to the level seen in July of last year.
“One would have thought the very city itself was running out of the gates”, wrote Daniel Defoe of London in 1665. The Treasure Island author’s vivid descriptions of a plague nearly half a millennium ago could well be applied to the property market in 2020, say Charlie Ellingworth and the Property Vision team…
“The ‘once in a lifetime’ re-evaluation of housing requirements on the back of the lockdown will be a counterweight to the impact of the recession on housing market activity over the rest of 2020,” suggests Zoopla.
Almost 94,000 new property listings were brought to market across London, the South East and East of England between 8th July and 16th August, reports Rightmove – which is over 31,000 more than the same period in 2019.