Property Market News

"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…

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.

“The demand for new ways of living will drive the market for many years to come," says national estate agency Strutt & Parker as it suggests that UK house prices will rise by up to 35% over the next…

"The property sector has defied expectations and seasonal norms by remaining remarkably busy for the time of year," says buying agency Garrington in the August edition of its video review of the property…

Coutts bank has highlighted some prime London locations that have seen notable shifts in property buying activity compared to pre-pandemic times.

Property markets are surging around the world. But "there are good reasons to think this will mark the last house price boom for the next 30 years," says Capital Economics.

Asking prices have fallen for the first time this year, driven by declines at the top-end, but Rightmove is predicting an Autumn bounce for the property market.

Rental homes are "increasingly being used as a stop-gap by house-hunters faced with a lack of stock to buy," says Hamptons' research chief, Aneisha Beveridge.

"Happy holiday for luxury London property", declares Coutts bank, as the prolonged Stamp Duty tax break drives record sales in the capital.

"The overall tone to the market remains firm", says the RICS, with property prices continuing to rise despite a drop in new buyer enquiries.

Apartments across Great Britain are looking like good value, says Rightmove, at least when compared to detached houses, which have seen average asking prices rocket over the past 18 months.

Runaway property price growth in the regions is likely to soften from next year, predicts Savills, while Prime Central London prices are set for a sharp upwards bounce once international travel resumes.