Property Market News
‘Best & final offers is becoming standard’ for top-tier country homes
“Best and final offers have become much more common place over recent months," say property agents in Devon and Cornwall.
Average asking prices reach another record high
Three regions have seen asking prices climb by more than 10% in the last year-or-so, says Rightmove, while Greater London has seen prices flatline.
Resi projects lead architecture sector recovery
"The savage reduction in staffing levels that many feared at the start of the pandemic has not materialised", says the RIBA, as architecture firms remain upbeat about prospects.
Property prices continue to climb as supply fails to meet demand
The number of new sales and lettings instructions fell back sharply in April, according to the RICS, while demand continued to rise.
Ranked: Britain’s ten most sought-after locations for property buyers
Rightmove has revealed where most home-hunters are signing up for instant property alerts.
Tenants return to city centres as London affordability hits a ten-year high
Demand for city centre rental properties is rising, reports Zoopla, with London rents having bottomed out in February.
£5m+ sales hit a seven-year high in PCL
142 property sales above £5 million were recorded in Prime Central London in the first four months of this year, reports Savills, with a combined value of £1.42 billion.
Edinburgh is ‘very much a sellers’ market’ as house price inflation rises to 6.8%
Average property prices in the Scottish capital increased by 2.2% in the first three months of this year, driven by high demand and tight supply.
Prime London sales dipped in April, but are set to bounce back sharply
“The dip in sales in April is temporary,” says Knight Frank, as the number of offers accepted in Prime London spikes.
Prime property sellers ‘prioritise a quick sale rather than hold out for a higher price’ – Coutts
Prime London properties are selling faster than last year, but prices continue to fall.
The housing market has ‘decoupled from traditional economic theory’
"Across all sectors of the market, the trend is a uniform one," says national buying agency Garrington in its latest monthly property market review: "Lack of property for sale, unsatiable demand and rising…
Prime global cities see fastest rate of property price inflation since 2017
The rate of luxury home price growth continues to accelerate in cities around the world, says Knight Frank, but some of the biggest metropolises are seeing prices soften.