Sales activity in the £1m+ property market “is soaring as wealthier buyers make moves to bigger houses or new locations”, according to Britain’s biggest property portal.
Sales of £5m+ detached houses have fallen far less than similarly-priced apartments since the Spring Covid-19 lockdown, suggests data mined by Enness Global Mortgages.
Rural areas tend to have higher Council Tax bills than urban locations.
New Rightmove analysis highlights the importance of decent property pricing.
Knight Frank has looked into how Covid-19 is accelerating design trends and impacting housing delivery, suggesting some key evolutions for the future of the global prime residence.
Domestic and international students account for a quarter of all Dexters’ tenant applications in central London, rising to well over two-thirds in some educational enclaves; the estate agency has ranked which locations are most popular for this important chunk of the capital’s rental market.
Hamptons has seen a rise in the number of renters moving out of London in search of more space.
Analyst Mike Del Prete has looked into Covid-19’s effect on global real estate portal revenues, suggesting that the UK’s number one portal has been hit significantly harder than international comparables.
Savills’ research team has profiled four key London buyer types and how their changing wants and needs are impacting the prime residential markets. Here’s what’s making Upsizers, Extended Commuters, House Swappers, and Super-prime Buyers tick in today’s market.
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.
“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.