New Year demand for property up 50% – Zoopla
“There are signs that the imbalance between demand and supply is starting to ease,” says Zoopla in its latest market update.
Tag: Market Index
‘Prime residential cities are expected to remain a safe haven in 2022’ – Savills
Savills’ research team is predicting another strong year for property markets in prime global cities, with Miami and Berlin set for the highest rates of price growth in 2022.
Estate agents report highest ever number of December house-hunters
“Although December shows the usual festive lull compared with previous months, demand has still been incredibly high when compared against pre-pandemic data with more house hunters registered than in any other December,” says Propertymark’s CEO Nathan Emerson.
House price & rental growth to continue outpacing wage inflation, warns the RICS
Buyer demand continues to outpace the supply of homes available to buy.
UK property prices increased by 10% in the last year – official data
London continues to be the region with the lowest property price inflation rate, according to the latest UK HPI: +0.2% in November and+5.1% for the year. The South West experienced the greatest monthly and annual rise of any English region (+2.5% and +12.9%).
Most architects expect workloads to continue climbing in the coming months
“There are looming challenges,” warns RIBA’s research chief, “but overall architects are optimistic about the months ahead.”
‘House price growth may start to tail off’ in the next few months, says OnTheMarket boss
The average asking price of a property listed for sale outside London on OnTheMarket in December was £364k, up 3.7% from the same month last year. Within Greater London, the average asking price was £1.04m, up by a sharp 15.3% from the £902k recorded in December 2020.
Super-prime property sales hit record highs in London
“London’s super-prime markets stellar end to the year is evidence of the influence that the pandemic-fuelled desire for more space has on residential markets,” says Savills.
Record number of buy-to-let companies set up in 2021
Hamptons estimates that around half of all new landlord purchases last year used a company to hold their buy-to-let property.
Rightmove reports busiest ever start to the new year
“Early-bird sellers who got themselves ready to come to market are now benefitting from the busiest start to the year that we’ve ever recorded,” says Rightmove.
Scotland’s prime property market set to stay hot in 2022
“We’ve seen significant competition for homes throughout the year and I can’t see that changing in 2022,” says Edward Douglas-Home, head of Scottish residential at Knight Frank.
Mortgage lending bounces to nearer-normal levels
67,000 home purchase mortgages were approved in November, according to the Bank of England; the lowest figure since June 2020, but near the 12-month average up to February 2020.