Property Market News
Global house prices climb at fastest rate since 2005
Knight Frank's Global House Price index is rising at its fastest rate since Q1 2005. A third of tracked property markets have seen prices escalate by at least 10% in the last year.
A new place to call home: Seven perspectives on global residential property market shifts
“The pandemic has sent shockwaves through residential property markets across the globe," says Savills, as seven of its most insightful experts share their thoughts on how shifting priorities and lifestyle…
Seaside resorts see biggest rental shortage as tenant competition quadruples
Rightmove has identified which locations are being particularly affected by rental supply shortages - highlighting the effect on seaside resorts as the "staycation" boom continues.
Property sales supply is building, but ‘it doesn’t feel like a significant escalation is on the cards’
Home-buying activity should remain "brisk" through to the end of the year, predicts estate agency Knight Frank, but it won't be as "frenetic" as the first six months.
‘London’s overall influence on the prime market has dropped’, says Rightmove, as Scotland becomes Britain’s fastest-moving £1m+ property market
London now accounts for 40.5% of all seven-figure transactions in the UK, down from 47% before the pandemic.
Average rents have increased by 7.4% in the last year
But the total amount of rent paid by tenants across Great Britain has fallen 8% since 2018, says Hamptons.
PCL has ‘turned into a landlord’s market in recent weeks’, as tenant demand surges by 73%
A top estate agency has reported the highest number of new prospective tenant registrations in five years - topping previous records set in June and July this year.
Sales & new listings dip as property market ‘takes a breather’
House prices "are expected to continue to climb higher over the year to come," says the RICS, "albeit the pace of increase is likely to subside somewhat in the months ahead."
Prime London property market ‘shrugs off’ end of stamp duty holiday
"We can confidently predict a strong end to the year," says Knight Frank, "just less frenetic than the first six months."
Rent inflation reaches a decade high as tenant demand jumps by a third
"This unprecedented rate of growth is driven by the post-lockdown reopening of cities, and a return among tenants to the city rental landscape," says Zoopla.
Property prices likely to rise by a third over the next ten years
Using a very long-range crystal ball, insurance website Comparethemarket is predicting that London's average property value will climb by 63% by 2040, with the UK average rising by 58%.
Newmarket tops supply shortage hotspots as home sales surge by 79%
Rightmove has identified which locations are being hardest hit by the ongoing shortage of properties available to buy.