Property Market News
Which parts of the UK property market are likely to be most active over the summer?
Seasonality is set to return in the coming months, as the Stamp Duty holiday steps down, says Knight Frank. But which parts of the UK property market are likely to be most active over the summer?
Record number of homes selling at or above asking price
Buyers in England and Wales paid an average of 98.1% of the final asking price in January this year, reports Rightmove, marking the first time the percentage has ever exceeded 98%.
20 buyers for every property: Another record month for property demand & sales over asking price
There are now 20 buyers chasing every property on the market, according to Propertymark.
Vive la Résilience: French prime property markets hold up
France’s prime residential markets showed resilience in 2020, says Knight Frank, and has been "exuberant" for the last few months, despite the challenging backdrop...
New York is back, just ask Jerry Seinfeld
Restaurants are crowded, flights are packed, Yankee Stadium is at full capacity and corporate America is calling its workers back.
Super-prime recovery: £36.8bn is currently targeting London’s £10m+ property market
Infography: London's super-prime property market in seven charts.
Asking prices hit another record high, but ‘there are early signs of a slowing in the frenetic pace’ of the property market
Asking prices have increased in every region, reports Rightmove, with larger homes seeing the highest rate of property price inflation.
‘Proximity to the pub beats being close to work’: Pandemic leaves ‘a legacy of changed priorities’ amongst prime property buyers
Most affluent property buyers are "undeterred" by the looming end of the Stamp Duty holiday, says Savills, but the pandemic is likely to leave "a legacy of changed priorities" amongst home-buyers.
London super-prime deals jumped by 44% in Q1 – but are still below pre-pandemic levels
“The outlook for the super-prime London market remains fairly positive at present," says Benham and Reeves boss Marc von Grundherr.
House price inflation falls back to +8.9% – UK HPI
April saw UK house price growth slow for the first time since July 2020, according to the official index.
Global property markets ‘are flashing the kind of bubble warnings’ not seen since 2008, warns Bloomberg
New Zealand, Canada, Sweden, the UK and US are amongst the world's "frothiest" housing markets, according to new analysis, with high price-to-rent and price-to-income ratios.
Renting a home is ‘cheaper than buying’ for the first time since 2014
Pandemic-induced property trends mean it is now cheaper to rent a home than buy one, says Hamptons, reversing a six-year trend.