Property Market News
Country house prices climb higher as stock shortage persists
Knight Frank expects the country market to remain hectic through the Summer.
‘We see nothing on the horizon that would trigger a major house price correction’ – Savills
Savills has upgraded its 2021 UK house price inflation forecast, bumping it from 4% to 9% - although the five year outlook remains largely unchanged from March's predictions, with research chief Lucian…
World cities see prime property prices rise at fastest rate since 2016
"The prime residential sector is likely to remain strong through the rest of the year," says Savills in its latest World Cities Index.
House prices are rising at five times the rate of flat prices
Zoopla's research chief Grainne Gilmore expects property price inflation to continue to accelerate in the coming months, "peaking at around 6%, before falling back to between 4%-5% by the end of 2021.
40% of properties sold for more than their original asking price in June
"Astonishing" demand broke more property market records last month, reports Propertymark, but the estate agency organisation does anticipate "a rebalancing of the market over the coming months."
Knightsbridge flats are central London’s ‘best bargains’, with prices down 11%
"The race for space has left some central London bargains in its wake," says Knight Frank, with apartments in some Golden Postcode areas seeing average PSF prices more than 10% below their five-year average.
Busiest prime London market since 2014, with 61% more £5m+ deals than in 2019
The top-end of London residential sales market has just enjoyed its strongest first half since 2014, reports Savills, with 59% more £5m+ transactions recorded in the first six months of this year compared…
Knight Frank upgrades global prime price forecasts again
Luxury property price inflation is likely to return to London with gusto next year, predicts the Knight Frank team.
World house prices are ‘overvalued by around 10%’, warn economists
We're in one of the biggest global property booms since 1900, says Oxford Economics, as it warns that "the longer a housing boom continues, the bigger the risk of a large reversal".
Asking prices climb to another record high as the property market sees its busiest ever H1
House prices are being inflated by "frenzied" buying activity and a continued shortage of properties being listed for sale. There's a 225,000 shortfall of homes for sale, estimates Rightmove;
Asking rents hit a record high outside London, as city centres start to recover
Rental properties are finding tenants faster than ever before, reports Rightmove, as record demand pushes price up.
House price inflation picks back up to 10% – UK HPI
London continues to be the UK region with the lowest annual growth, for the sixth consecutive month.