Property Market News
Total value of UK homes sold so far this year doubles to £150bn
"Extreme market momentum will moderate," predicts Zoopla, as more stock comes to market and buyer demand calms.
Estate agents report highest March sales figures since 2007
One in six homes is selling for more than the original asking price, reports Propertymark - the highest proportion recorded since May 2014.
Supply shortage hits the prime lettings market
“There’s a supply crunch coming down the line in prime lettings markets this summer," warns Knight Frank, while Savills tells of a "fundamentally undersupplied" market in the Home Counties.
Stamp Duty receipts rocket
HMRC's revenue from SDLT was 22% higher last month than in March 2020.
Global luxury property market set for a ‘banner year’ as demand outstrips supply
Nearly one in five (19%) affluent households around the world are looking to buy but not sell a property in the next three years, according to new research by Luxury Portfolio International, while only…
On the rise of holiday home investments & staycations
Demand for holiday homes in the UK has surged in recent months - but should property owners look at tapping into the trend, asks Matt Stevenson of Arbuthnot Latham...
House prices continue to climb, but London still lags
The average UK house price increased by 8.6% over the year to February 2021, up from 8.0% in January.
What Buyers Want: Home-buying trends in France, Italy, Portugal & Spain
Amenities, high-speed internet access and a good view top the wish list for people buying in France, Italy, Spain and Portugal, according to the latest research from Savills.
‘Frenzied buyer activity’ breaks property market records
Buyer demand is "massively outpacing" the supply of homes for sale, says Rightmove, as the national average asking price surges up by more than 2% in a single month.
London architects regain confidence after 14 months – RIBA
The percentage of British architecture practices expecting their workloads to decrease in the coming months has fallen to 11% - down from 84% a year ago.
London’s property market is ‘most active since 2006’
March saw a 57% increase in the number of people looking to buy a property in London, and a 21% increase in the number of tenants looking to move compared to February, according to Chestertons.
Reuters: Hong Kong-on-Thames lies in not-too-distant future
A "combination of bold developers and new arrivals" from Hong Kong "could provide a shot in the arm for London's pandemic-afflicted property market," writes Karen Kwok for Reuters...