Property Market News
Prime London Market Snapshot: Rents roar while sales ‘return to normal conditions one step at a time’
"There has never been a busier lettings market at any time over the last 20 years," says Knight Frank's head of prime lettings, David Mumby.
‘Vendors who don’t act on their agent’s instruction and reduce their prices now are going to come unstuck’, warns Cluttons boss
The majority of Central London properties are currently about 4% adrift of where the market is, says James Hyman…
Rightmove records highest ever rental price inflation as ‘boomerang tenants’ return to city centres
"Cities have not only bounced back but are now seeing strong rental growth," says Rightmove, with some urban centres seeing double-digit price inflation as tenant demand jumps.
London super-prime property sales are running 75% above the pre-pandemic level
London’s top-end housing market is continuing its strong run, says Savills, with more £5m+ sales going through so far this year than in any full year since 2015.
On the vicious cycle of low supply
There is currently a massive imbalance in the UK market with 13 buyers for every property listed, according to Knight Frank.
Stamp Duty holiday ‘fails to ignite a buy-to-let spending spree’
“The overall impact of the stamp duty holiday on investor activity has been relatively muted," says Hamptons' research chief Aneisha Beveridge.
‘Completions are coming through more easily & promptly, while transaction fall through rates have fallen significantly’ – Jackson-Stops
"Negative sentiment towards buying or selling a house is nowhere near as widespread as might be expected," says national estate agency Jackson-Stops, after tracking online and social media comments about…
Islington Square nears sell-out after £125m of pandemic sales
80 apartments have been sold since May 2020 at Cain International's Islington Square development, leaving just "a handful" of units available to buy.
Rural rental demand stays high despite cities opening up
"The scale of change we’ve seen over the course of the pandemic means this shift [back to urban life] isn’t going to happen overnight," says Rightmove.
Millionaires’ Rows: Britain’s most expensive streets in 2021
There are now 11,673 streets in Britain where the average property value is over £1m, says Zoopla, which has crowned Kensington Palace Gardens as the UK's priciest address for the thirteenth year in a…
Prime regional property market sees strongest growth in a decade
Coastal and rural property markets have out-paced urban areas over the last year, but Savills is reporting signs that prime regional cities are back in demand as more people return to office life.
Clarkson has revved up the Cotswolds property market, claims agency
We've heard an awful lot about the "escape to the country" and "race for space" over the last 18 months, as the country property market outpaces urban areas.