Property Market News
Wary vendors are fuelling an ‘iceberg’ off-market property scene
"Market conditions have remained brisk over the last month," says national buying agency Garrington in its latest market update video, "exacerbated further by the forthcoming phasing out of the Stamp Duty…
Architects report record optimism in the private housing sector
The latest RIBA Future Trends Index, for May 2021, tells of the highest level of optimism amongst architects since 2016 - and a record high for the private housing sector.
Carbis Bay property searches double as G7 Summit moves in
"It’s like being on a movie set," reports St Ives estate agent.
Property sales boom ‘is not anticipated to last’ but ‘there is no sign of house price inflation losing any steam’ – RICS
Surveyors report the widest mismatch between property supply and demand since 2013, as agreed sales numbers continue to rise ahead of the end of the Stamp Duty holiday.
London vendors are not moving on price, says estate agency
Chestertons has reported a 'rare scenario of supply meeting demand' in London, as new sales listings exceed buyer registrations. But it's still a sellers’ market, says the firm.
‘Biggest sales pipeline in a decade’ as deals agreed on over 700,000 homes
Some 704,000 homes are marked Sold Subject to Contract and are now going through the sales process, according to Rightmove; it's the biggest sales pipeline of the last decade, 78% higher than in May 2019.
‘Wait till the froth dies down’: Buying agent advises buyers to hold off if they can
Either "put your running shoes by the door" so you can jump on viewings instantly, says Clare Coode of Stacks Property Search in Cornwall, or "wait till the froth dies down".
PCL property prices rise as the market ‘picks up where it left off’ at the end of 2019
Prime Central London has seen annual property price growth for the first time since before the EU Referendum, reports Knight Frank.
‘More balance is returning’ to prime London’s rental market
Rising tenant demand is helping to reverse pandemic-induced rental value declines in Prime London, reports Knight Frank.
Global house prices rise at their fastest rate since 2006
Knight Frank's Global House Price Index tells of a 7.3% average increase across 56 tracked countries in the year to Q1 2021.
Mortgage borrowing falls from a record high, but approvals rise
The Bank of England reports that net mortgage borrowing fell from a record £11.5 billion in March to £3.3 billion in April.
Prime property stock shortage looms across Europe
“The strong sales rates we’ve seen in the last 12 months have been driven almost entirely by domestic buyers," says Knight Frank;