KF saw more offers accepted in June than in any other month of the last 20 years, smashing the previous record by 46%
There's been an extraordinary release of pent-up demand in the sales market since lockdown restrictions were lifted. "The uncertainty is how long it can last," cautions Knight Frank.
What to read next
20 buyers for every property: Another record month for property demand & sales over asking price
There are now 20 buyers chasing every property on the market, according to Propertymark.
‘Completions are coming through more easily & promptly, while transaction fall through rates have fallen significantly’ – Jackson-Stops
"Negative sentiment towards buying or selling a house is nowhere near as widespread as might be expected," says national estate agency Jackson-Stops, after tracking online and social media comments about…
Agency bosses praise ‘perfectly timed’ Stamp Duty holiday
"The stamp duty holiday was perfectly timed to enable more people to improve their set up by moving," says Marsh & Parsons.
Most read
Super-prime broker Fatemi reports £700mn deal run
£100mn-plus sale among standout transactions as UK Sotheby's exec flags changing UHNW property tastes.
UK Sotheby’s adds new directors covering PCL & West London
Luxury brokerage extends recruitment drive across prime postcodes with brace of sales appointments.
‘Buyers today have more choice than ever before’: Savills global resi chief on the battle for international wealth
Interview: Victoria Garrett discusses London’s place on the world stage, Dubai’s next phase, the impact of tax & geopolitics, and how developers are catering to an increasingly discerning clientele.
Industry Panel: How 15 prime resi leaders would redesign England’s property tax system
Exclusive PrimeResi survey finds most respondents favour shifting the tax burden away from transactions and towards property ownership - but opinion is split over abolishing SDLT altogether.
Where did the Knightsbridge buyer go? James Moran on PCL’s shifting geography
Middleton Advisors' London sales boss explores the changing fortunes of one of the capital’s most famous enclaves - and where today’s moneyed purchasers have been turning their attention.
Investor snaps up nine Notting Hill flats in £11mn bulk deal
Agents flag renewed appetite for bulk resi acquisitions from overseas investors as prime London rents climb.
In Pictures: Inside Christian Bense’s new Park Hyatt show homes
South African designer kicks off series of interiors collaborations at new high-rise addition to London’s luxury branded resi scene.
£37.5mn Banda-designed super-duplex unveiled at The OWO
In Pictures: Top-end studio delivers 3,804 sq ft heritage-inspired residence at luxury Raffles-branded scheme in Whitehall.
‘First hard evidence’ emerges of £2mn mansion tax effect on property prices
Fresh data confirms that transactions are 'bunching' below the incoming High Value Council Tax Surcharge threshold.
Government ramps up plans to regulate property agents
Update Industry Reactions: Ministers unveil licensing regime and independent regulator, going much further than proposals announced last year.
LATEST ARTICLES
New platform opens door to distressed property deals
Exclusive: Receiv-r promises an early heads-up on property and land opps - and already has a big-name brokerage on board.
£37.5mn Banda-designed super-duplex unveiled at The OWO
In Pictures: Top-end studio delivers 3,804 sq ft heritage-inspired residence at luxury Raffles-branded scheme in Whitehall.
Savills recruits new resi sales head in Guernsey
Agency hires former Chestertons manager to run its expanding team on the island.
Value is in the eye of the buyer: Frances McDonald on Prime Central London’s new market reality
The Savills research chief highlights key trends at play in PCL, including some surprising statistics...
‘Pain in the post’ for UK housing market as transactions slip
Activity will be squeezed in the final three months of the year as the impact of higher mortgage rates from the Middle East conflict takes its toll, warns Knight Frank.