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UK house prices set to rise 14.5% by the end of 2024
London is likely to see the slowest rate of property price inflation in the coming years, according to some analysis of various property market forecasts.
Annual house price inflation climbed to 2.5% in August – UK HPI
London's average property price has escalated back to its 2017 high, according to the latest official UK House Price Index.
Luxury home sales ‘skyrocket’ in the USA while the mainstream market slows
Redfin has reported a significant increase in high-value home sales in the USA, while more affordable markets dwindle.
PCL’s altered rental market in eight charts
"Anyone worried about the future of city life should take reassurance from the 21% increase in under 30-year olds starting new tenancies compared with the same period prior year," notes the CEO of London…
More spent on super-prime homes in London this year than last, despite the pandemic
Knight Frank reports that £1.13bn was spent on £10m+ homes in London in the first eight months of this year - 16% more than the £977.5m recorded in 2019.
Global billionaire wealth bounces back to new heights
A V-shaped recovery in equity markets has been a boon for the richest people on the planet, report UBS and PwC, as global billionaire wealth surged by more than a quarter between April and July this year…
Rents rise in the prime commuter belt but fall in London, as tenants ‘make real lifestyle changes as a result of Covid-19’
Savills has revised its prime rental price forecasts. Prime London rents are now expected to fall by 3% this year, with inflation of +7.6% over the next five years
Zoopla predicts ‘a windfall for the market’ in Q1 2021 as transactions complete
House prices are up 2.6% on the year, according to Zoopla, but buyer demand is beginning to cool.
Upsizers boost larger home prices to a record high
Agreed sales of detached 4+ bedroom houses more than doubled from August 2019 to August 2020 (+104%), reports Rightmove. Sales of other three- or four-bedroom homes were up by 55%.
Mapped: Planning permission hotspots
London planners are less likely to give a green-light than authorities in any other UK region, according to some research by Comparethemarket.
UK house prices hit a four-year high as demand for outside space continues to climb
"The latest RICS survey provides firm evidence of a strong uplift in activity in the housing market which should help support the wider economy gain traction over the coming months," says RICS' Chief Economist …
‘Covid-19 has increased the desire to move home, with more space the key driver’ for prime buyers
The latest Savills buyer survey reveals "a greater urgency in the desire to move home", allowing the top-end estate agency to predict that the current surge in buying activity will continue beyond the…