‘Lockdown lifestyle reappraisal’ sees rural & suburban prices rise while London continues to fall
Acadata’s latest house price index tells of an “emerging new geography” for prices and demand – which may or may not be here to stay.
Tag: infography
Property price growth plummets in prime global cities, but ‘this is not a financial crisis as in 2008’
Prime global cities indices from Knight Frank and Savills reveal how Covid-19 has affected international property markets.
How the rise of the ‘digital commuter’ is redrawing the property market map
“The Covid crisis has pushed the property market into a hard reset,” says Jonathan Hopper of Garrington Property Finders. “New commuter hotspots will emerge, where quality of life and broadband speed are as important as the speed of the commute.”
Lockdown-induced flight from cities is ‘overstated’, says Zoopla
Any increase in demand for country living over urban location is likely “to be a one-off factor rather than a long-term ‘seismic shift’ in consumer attitudes,” says Zoopla. The average UK house price increased by 2.7% in the year to June 2020, according to the portal’s index.
‘Things will never be the same’: International HNW investors anticipate ‘permanent lifestyle shifts’ due to the pandemic
UBS has surveyed a few thousand wealthy investors around the globe to identify a series of emerging trends, including strong intentions to move either closer to family or to less populated areas.
PCL’s ‘overdue’ return to growth has been delayed to 2021, predicts Savills
Revised five-year forecasts suggest more muted price inflation in Prime Central London, following the Covid-19 crisis.
Post-lockdown property market bounce ‘may quickly run out of steam’, warns the RICS
Sales activity has “rallied noticeably” since May, report surveyors. But, before the Stamp Duty holiday was intrigued yesterday, the RICS noted “there are worrying signs that this rebound may quickly run out of steam.”
Market Snapshot: Top-end sales trends in England & Wales
Fine & Country and Dataloft have analysed what’s happening at the top of the property market, number-crunching movements in the top 5% of sales.
The global billionaire population grew by 8.5% in 2019, reaching an all-time high
Over 10% of the world’s billionaires have donated something towards the fight against Covid-19 so far, according to some research by Wealth-X.
Post-lockdown surge in property demand likely to be ‘short-lived’, warns Zoopla
“Active engagement” with property listings has jumped to exceed pre-lockdown levels by some 20%, reports Zoopla – but more than four in ten would-be buyers say they have put moving plans on hold…
Covid-19 has ‘brought to an immediate halt the unbroken upward trend in global HNW growth over the past decade’
Dollar millionaires now control nearly a third of the world’s total private wealth, reports Wealth-X, after “a decade, and more, of plenty” – a period that has been ended by the pandemic.
Surveyors reiterate call for Stamp Duty holiday following lockdown market ‘collapse’
RICS’ measure of new residential property instructions fell to its lowest level on record in April (since at least April 1999). Prices are likely to take nearly a year to recover from the Covid-19 crisis, say surveyors…