Property Market News
‘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.
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".