Property Market News
Rental prices surge up, but growth ‘will start to ease’ in the coming months
The average London rent bill has risen 15.7% in the last year, reports Zoopla.
Lucian Cook: Are we heading for a rude awakening?
Rents and capital values of prime property continue to rise despite increasing interest rates and geopolitical uncertainty.
London leavers flock back to town, driving up rental prices
"Tenants are returning to the bright lights of the city and this is driving rental growth to record highs," says Aneisha Beveridge of Hamptons.
Prime Central London rents set to rise 10% this year, predicts Strutt & Parker
Strutt & Parker has updated its five-year property market forecasts, anticipating a sharp upturn for central London's lettings market as tenant demand outpaces rental supply.
Residential investment set to surge by 65% this year, becoming a core asset class
Residential real estate has shifted from an alternative to a core asset class in the eyes of investors, says Knight Frank, as record amounts are pumped into the sector.
‘There doesn’t need to be a recession to dampen the mood in the UK housing market’ – Knight Frank
Knight Frank's research team assesses what the Bank of England's slashed forecasts mean for the property market.
Number of £500k house price hotspots up 50% since the start of the pandemic
One in six local areas across Britain now has an average house price in excess of £500,000, says Savills.
‘Little evidence of house price inflation losing much momentum’ – RICS
"It seems that limited supply available on the market, coupled with steady demand growth, are still the overriding drivers of house prices," says the RICS' chief economist.
Ranked: Britain’s top 10 seaside property price hotspots
Coastal homes have seen asking prices rise by 13.9% on average over the last year, outpacing the national average of 9.9%.
Country house market picks up pace as sellers ‘sense a slowdown’
“Having taken stock during the first three months of the year people are now coming to market and being decisive," says Russell Grieve, office head at Knight Frank Haslemere.
£269.5bn-worth of residential property changed hands last year
The total value of UK homes sold in 2021 was 37% higher than in 2020.
‘The risks are rising’: Top analyst warns of a looming property market downturn
"Underlying fundamentals suggest house prices are reasonably priced at current levels," says Neal Hudson, but "the fundamentals may be about to change – potentially quite quickly."