10% more property sales were agreed in 2020 than in 2019
The sales market has seen a busy start to the year, although asking prices have dipped in the last month as vendors price competitively.
Tag: Property Market News
Buyers & sellers ‘remain largely undeterred’ by lockdown, but half do not feel safe on physical viewings
A third national lockdown has deterred just 14% of buyers and sellers from a purchase or sale in 2021, according to a survey of over 10,000 people, with 81% planning to carry on as they planned.
What has Brexit done to house prices?
The pace of property price inflation in the UK has slowed sharply since the EU Referendum. 14% growth since 2016 compares to 28% – double the rate – in the equivalent time period prior to the vote. London has seen an even more dramatic slowdown.
Savills reports ‘an extraordinary rebound’ in prime resi activity
“The volume of activity in prime residential markets [outside London] for [2020] as a whole was the strongest since before the global financial crisis,” says Savills.
‘Sales market momentum will fade further in coming months,’ warns the RICS
Housing market activity continues to rise but momentum is easing, according to the latest survey of Chartered Surveyors.
Knight Frank cuts property price forecasts
The UK’s average house price is set for 0% growth in 2021, predicts Knight Frank, as it trims its prime London forecasts by 1%.
Leasehold law changes: How will the property market react?
Last week, the government proposed a major reform of leasehold laws, with new rules possibly arriving within two years. Knight Frank’s team has analysed whether the prospect of the new rules will have an impact on the property market from today…
Property market sees ‘busiest ever start to the year’ – Rightmove
Property portal Rightmove has recorded its busiest ever start to a new year, with visits to the site up 30% compared to the same period in 2020.
Prime buyer demand rises in London, except for £10m+ homes
Estate agency Benham & Reeves has ranked which prime London areas and price brackets are seeing the highest levels of buyer demand.
Global cities continue to see property prices climb
The annual rate of property price inflation across global cities increased from 4.1% in Q2 to 4.7% in Q3, according to the latest index from Knight Frank.
PCL transactions ‘will double in 2021’ predicts top London agency
Dexters plans to open six new estate agency branches in London this year, as it forecasts strong growth in both prime sales and lettings markets.
Country house price growth hits a six-year high
Savills, Knight Frank and Hamptons have all reported a booming country house market.