There are currently 172,589 residential properties listed for sale across the UK, according to research by TwentyCi, and another 237,512 homes with sales agreed. A total of 290,381 property sales have completed in the last three months.
Foxtons saw a drastic surge in demand for homes in London as the Covid-19 pandemic eased; producing a series of charts to illustrate the capital’s key property market trends through an extraordinary time.
Rightmove has recorded the biggest March jump in average asking prices since 2004 – but the portal’s top analyst warns “there are headwinds that seem likely to remove the current market froth in the second half of the year.”
Knight Frank’s Prime International Residential Index posted its biggest ever year in 2021, with luxury property prices around the world rising by an average of 8.4%.
Knight Frank’s Global Head of Research, Liam Bailey, shares his key insights from the 16th edition of the firm’s flagship annual publication, The Wealth Report.
CBRE’s eighth annual “borough-by-borough” research report tracks property market, demographic and lifestyle trends across the capital.
“The significant recovery in the PCL lettings market, witnessed during Q4 2021, together with the easing of the Covid travel restrictions, could be a precursor of what lies ahead for the sales market in 2022,” says LCP CEO Andrew Weir.
Buyer and tenant demand increased further in January, while the supply of properties for sale and rent continued to fall short.
“There are signs that the imbalance between demand and supply is starting to ease,” says Zoopla in its latest market update.
London Central Portfolio saw an 11% jump in agreed rents on new tenancies in Q4 2021, “correcting the deep discounts that were granted during the same period in 2020”.
“Shortages of [construction] materials remain significant and inflation is gathering pace”, according to the latest update from the RIBA. “Restricted product availability is making sustainable design more difficult.”
2022 will be “closer to normal market conditions”, says Rightmove, as it predicts 5% property price inflation over the next 12 months.