Number of £1m-plus homes jumps by 100,000
Another 98,931 properties have joined the seven-figure club in the last 12 months, according to TwentyCi
‘Signs of stabilisation’ as property supply picks up
“This month’s slight rebalance of the market is welcome news and a much-needed step in the right direction,” says Propertmark’s CEO, “with supply of property beginning to increase and the number of homes selling for over the asking price starting to even out.”
Estate agent: ‘The supercars are back’
First signs reported of wealthy Gulf buyers returning to PCL.
Stamp duty receipts above average despite holiday
Latest data shows strength of the prime market & continued interest from overseas buyers – despite the new surcharge…
Average property prices leapt 4.5% in the month before the Stamp Duty holiday deadline – UK HPI
The average UK house price increased by 13.2% in the year to June 2021, up from 9.8% in May, according to the latest official UK HPI.
Savvy investors are swimming against the tide in global cities
Those who took advantage of staggering price depreciation in some of the world’s top centres are starting to reap the rewards, writes Mickey Alam Khan…
More high-end stock going under the hammer – Knight Frank
Auctions are an increasingly popular choice for clients fed up with delays, says Knight Frank, reporting recent sales including a £1.3m apartment in St James’s and an £8m ‘trophy asset’ in Covent Garden.
Townhouse sets new price record on Connaught Square
Savills Mayfair has reported a strong run of sales in Connaught Village, describing the Bayswater neighbourhood as a ‘hidden gem’.
Strutt & Parker doubles UK house price forecast for 2021
“The demand for new ways of living will drive the market for many years to come,” says national estate agency Strutt & Parker as it suggests that UK house prices will rise by up to 35% over the next five years.
Mapped: Which prime London enclaves have seen the biggest property market shifts since 2019?
Coutts bank has highlighted some prime London locations that have seen notable shifts in property buying activity compared to pre-pandemic times.
Asking prices dip as top-end property markets cool
Asking prices have fallen for the first time this year, driven by declines at the top-end, but Rightmove is predicting an Autumn bounce for the property market.