Property Market News
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.
‘The labour of the last ten years is about to bear fruit’: On the remarkable reinvention of Belgravia
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.
Prime London rents rise at fastest rate since 2011
“It’s been an extraordinary period for the whole market in PCL,” says David Mumby, head of Prime Central London lettings at Knight Frank.
Ranked: Which areas have seen the biggest rise in the total value of housing stock over the course of the pandemic?
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.
Price rises are an ‘unmistakable sign of recovery’ for prime London’s property market
“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.
A seller’s market snapshot: fail to prepare, prepare to fail
Lawyer Annabel Dean shares some practical tips for those looking to compete in this most challenging of markets…
Talking Heads: Chinese buyers have turned to the Home Counties
Before the pandemic, only around one in 20 Chinese and Hong Kong home-buyers used to look for a home in England's Home Counties; now it's nearer one in five, according to a new study.
Students outbid corporate tenants as China drives Mayfair rental ‘boom’
Top-end rental properties in Mayfair are going for as much as a third above the asking price, reports Wetherell, as Chinese students and socialites boost demand.
Transaction numbers running at a 14-year high as deals speed up by nearly a month
Rightmove predicts that 1.
Sharp drop in properties selling above asking-price
The majority of properties sold at or below asking price in September, according to Propertymark, but buyer demand continues to outpace sales supply.
Volatile property market to calm, says OBR as it upgrades house price forecast
"House prices have risen significantly faster since the start of the pandemic than we had expected, says the Office of Budget Responsibility.