Property Market News
Regional house price movements over the last year ‘are almost a complete reversal of both the 5-year and 10-year trends’ – Garrington
Buying agency Garrington has highlighted how limited the impact of the stepping down of the Stamp Duty holiday has been on property market activity so far.
Most buyers & sellers expect to move within three months – OTM
84% of property sellers expect to sell their home within the next 90 days, according to the inaugural OnTheMarket Sentiment Index, while 75.5% of buyers expect to find their next home within the same timeframe.
Central London rents likely to recover to pre-pandemic levels within a year – Hamptons
Average rents in central London have fallen by 16.
House prices likely to rise further as supply falls again – RICS
Faltering supply continues to underpin house price inflation across the UK, reports the Royal Institute of Chartered Surveyors.
Urban house prices around the world are rising at their fastest rate since 2007
43 of the 150 global cities tracked by Knight Frank have seen prices escalate by more than 10% over the last year, with five above 25%.
FT: The game changers in London’s luxury property market
George Hammond has taken a tour of Christian Candy's 80 Holland Park for the Financial Times, noting that it is "a stark departure" from One Hyde Park, and reflects the shifting tastes of London's super-rich…
Agency bosses praise ‘perfectly timed’ Stamp Duty holiday
"The stamp duty holiday was perfectly timed to enable more people to improve their set up by moving," says Marsh & Parsons.
House prices: Why the risks of a fall are higher than most people think
"The fact that house prices have been rising quickly over the last year makes the market more vulnerable to external shocks to the economy," says Professor Geoff Meen, as he warns "there are numerous…
1.3 million buyers have benefitted from the the Stamp Duty holiday
"We haven’t yet seen any significant increase in properties falling through so it looks like most are going ahead regardless," says Tim Bannister, Rightmove’s Director of Property Data.
House of Lords opens wide-ranging inquiry into the housing market
The new House of Lords Built Environment Committee has launched its first inquiry, with a view to understanding "what shapes the type of housing needed in the UK as well as a range of challenges to meeting…
Buyer demand eases but remains 55% above ‘normal’ levels
“The stamp duty holiday boosted demand in the housing market, yet buyer demand remains elevated despite the initial holiday ending," says Grainne Gilmore, Head of Research at Zoopla "- signalling that…
Rental demand reaches an all-time high
Propertymark member branches have an average of 97 tenants on their books, up from 82 in April. It's the highest figure on record for the month of May, significantly higher than last year's 70.