Every region and market sector saw asking prices rise to a record high last month, reports Rightmove; it's the first "full house" since 2007.
London's average £1m home is only a third (36%) bigger than the overall average-sized home in the capital, says Savills. Buyers would get an average of 70% more space if they looked beyond the M25.
A sharp acceleration in property price inflation means that the combined value of British homes has climbed by £550 billion (a third of the total five-year increase) in just the last 12 months, according …
Property price inflation has driven the average SDLT bill in England up from £601 in 1997 to £3,548 in 2021.
The annual rate of UK property price inflation was running at +6.1% in August, according to Zoopla; that's more than double the rate recorded in August last year.
"We’re more likely to see a continuation of modest price growth, such as we’ve witnessed during the last five years, rather than a boom followed by a bust," says Hamptons, as it forecasts the start of …
Property is now the world’s most significant store of wealth, says Savills; more valuable than all global equities and debt securities combined, and worth almost four times the entire global GDP.
"Activity in the residential investment sector is once again picking up", says buying agency Garrington, although the firm reports "a different profile" of buyer in the sector
It currently costs an average of £282 to buy a single square foot of property in the UK, according to Zoopla - rising to £1,491 in Kensington & Chelsea.
Ranked: Which countries have seen the highest rates of property price inflation over the last ten years?
New research has looked into how the average property values in OECD nations changed in comparison to annual wages and wider inflation rates over the last decade.
"This unprecedented rate of growth is driven by the post-lockdown reopening of cities, and a return among tenants to the city rental landscape," says Zoopla.
“The post-pandemic ‘reassessment of home’ has further to run," says Zoopla, as the UK's property market faces its "greatest stock shortage since 2015."