Property Market News
‘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 £1.0
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.
The average 2021 vendor sold their home for 46% more than they bought it for
A record 92% of sellers sold their property in 2021 for more than they bought it, according to Hamptons, having owned it for an average of 8.8 years.
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.