Property Market News

"Living and working remotely will transcend the pandemic," declares Airbnb as it ramps up its share of the long-term rental market.

“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…

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.

Surveyors reported a small dip in sales volumes despite rising buyer enquiries in October, as house-hunters struggled to find suitable homes to buy.

Two-thirds of homes listed for sale on Rightmove are already marked as Sold Subject to Contract, up from around half last Autumn.

"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.

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.

After decades of sporadic development, all four corners of the famous PCL district are being transformed as a raft of ‘landmark’ projects finally take shape.

“It’s been an extraordinary period for the whole market in PCL,” says David Mumby, head of Prime Central London lettings at Knight Frank.

Only three local authority areas in England and Wales saw the total value of their housing stock fall during the pandemic period, and they're all in the capital: Westminster (-10.1%), Lambeth (-2.

“We are not on the verge of the sort of dramatic double-digit bounce-back in prices,” says Tom Bill, head of UK residential research at Knight Frank.

Lawyer Annabel Dean shares some practical tips for those looking to compete in this most challenging of markets…