Property Market News
Official data confirm sharp drop in transactions after SDLT holiday
85,000 homes changed hands in October, according to HMRC's data - 52% fewer than in September, during the last of the stamp duty holiday rush.
Rents to rise c.20% in the next five years, predicts Savills
Build-to-rent investors are primed to fill a widening supply gap in the lettings market, says Savills, as it predicts strong growth for most prime and mainstream rental markets.
‘Fewer bargains for property hunters’ warns London estate agency
"At this point of year, we expect buyer enquiries to tail off but we have been seeing the opposite," says Chestertons.
National average house price increased by 11.8% in the year to September – UK HPI
London's average property price dropped by a sharp 2.9% in September, according to the latest official statistics, taking annual growth in the capital down to +2.8% (from +6.7% in August)
‘Far less frenzied’: Buying agency reports a ‘wind of change in the air’ for the property market
The property market is "far less frenzied" than it has been over the last year, says national buying agency Garrington, although prices continue to rise and buying activity continues to be "robust".
Airbnb is taking a larger share of the long-term rental market
"Living and working remotely will transcend the pandemic," declares Airbnb as it ramps up its share of the long-term rental market.
‘Acute’ tenant demand pushes rents up at fastest pace in 13 years
“The swing back of demand into city centres, including London, has underpinned another rise in rents in Q3, especially as the supply of rental property remains tight," says Gráinne Gilmore, Head of…
Seasonal slowdown opens a ‘buying window’, says property portal
A 0.6% dip in average asking prices is "an early Christmas present" for home-buyers, says Rightmove, while a jump in valuation requests from potential property vendors is "a sign of building momentum.
Stock shortage thwarts home-buying activity
Surveyors reported a small dip in sales volumes despite rising buyer enquiries in October, as house-hunters struggled to find suitable homes to buy.
Ranked: Britain’s hottest buyers’ & sellers’ property markets
Two-thirds of homes listed for sale on Rightmove are already marked as Sold Subject to Contract, up from around half last Autumn.
Savills forecasts: Prime property markets to outperform over five years; PCL prices tipped for 8% growth in 2022
"Property in the capital’s most prestigious postcodes is overdue a recovery," says Savills, as it reveals its prime and mainstream market forecasts for the next five years.
PCL property prices set to rise 5-10% in 2022, predicts Strutt & Parker
National estate agency Strutts is forecasting price growth of between 20% and 35% by 2025 across the UK, and somewhere between 15% and 35% over five years in Prime Central London.