Property Market News
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.
Mortgage approvals fall again, but remain above pre-pandemic levels
UK borrowers repaid £1.4bn of mortgage debt in July; it's only the second time in a decade that the Bank of England's data has shown a net repayment.
‘Acute’ property stock shortage to continue into 2022 – Zoopla
“The post-pandemic ‘reassessment of home’ has further to run," says Zoopla, as the UK's property market faces its "greatest stock shortage since 2015."
Global Property Buyers in 2021: Five key stats & five future trends
Knight Frank's Global Buyer Survey 2021 tracks how the world's affluent property buyers’ priorities, motivations and attitudes are changing.
Rental market gets moving, with demand, supply & rents all rising
"Many renters that have been sitting tight are now looking to move," says Propertymark
Britain’s 19 new million-pound property markets
"The pandemic has left its mark on the UK property market by magnifying existing trends rather than re-writing the rulebook," says Knight Frank, as the firm identifies 19 new £1m+ property markets across …
Transaction numbers plunge following Stamp Duty deadline
Official estimates tell of a 63% drop in residential property sales from June to July - but transactions are still running above last year's level.
‘Costly & unnecessary’ Stamp Duty holiday ‘not the main cause of house price boom’ – Resolution Foundation
"Stronger forces" than the temporary tax break have been at play in the housing market over the last year, says an influential think tank - which argues that the UK's Stamp Duty holidays have been "problematic…
‘Signs of stabilisation’ as property supply picks up
"This month’s slight rebalance of the market is welcome news and a much-needed step in the right direction," says Propertmark's CEO, "with supply of property beginning to increase and the number of homes s…
Average property prices leapt 4.5% in the month before the Stamp Duty holiday deadline – UK HPI
The average UK house price increased by 13.2% in the year to June 2021, up from 9.8% in May, according to the latest official UK HPI.