Property Market News
Stamp Duty receipts jump to deliver record year for HMRC
SDLT & ATED raised £5bn more last year than in the previous period.
Secret Agents: Quiet listings & off-market property deals have soared in the last year
More than 135,000 homes were sold without ever appearing on a property portal or being publicly advertised in 2021, according to new data, while a quarter of £1m+ sales in London were off-market deals.
‘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.
Post-Christmas supply builds as Omicron uncertainty fades
The lifting of restrictions this week could see the supply of property re-build and normal house price economics return, says Tom Bill.
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.
Ranked: London’s busiest property markets
3.3% of private homes in London changed hands in a 12 month periods, with eight boroughs seeing more than one in every 25 homes sell.
‘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.
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.
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.
London & Cornwall vie to be Britain’s most searched-for property location
Rightmove recorded just 3% more property searches in London than in Cornwall through 2021, compared to a gap of 24% in 2020, and 49% in 2019.
Lucian Cook on house price forecasts: Deciphering the messages in 2022
Savills' head of residential research reflects on how forecasters translate actions and events into numbers and trends to come up with property market predictions for the year ahead.