Property Market News
Top-end country house prices have soared by 16% in the last year
Country homes valued at £5m+ saw average prices surge by 7.3% in Q1, taking the annual rate of price inflation to a blistering 15.8%.
Mortgage approvals jump 13%
Net mortgage lending reached an all-time high in March.
Stamp Duty data shows surge in £500k+ property sales
Just over a third (36%) of residential transactions were liable for SDLT in the opening three months of this year, compared to two-thirds (67%) in the same period in 2020.
Ranked: Britain’s property price inflation hotspots
Rightmove has done some more analysis of the "frenetic" housing market, identifying which locations have seen the highest rates of price growth in the last year, and revealing that around a quarter of…
New York & London: The race to recover
As London and New York begin to look beyond the pandemic, luxury property insiders from both sides of the Atlantic weigh in on what may be in store for our cities and their property markets in the coming…
How much space does $10k rent in prime global cities?
Hong Kong is still the most expensive city in the world to rent a luxury property, says Knight Frank, despite the pandemic and political headwinds.
‘Celebrity’ homes can command a 10% price premium, claims agency
"There has been a significant sea-change in celebrity attitudes towards collaborating with agents instructed to market their properties," says a top North London estate agency.
Most of London has seen rental values fall over the last five years
London is the only GB region where average asking rents are lower now than they were five years ago, reports Rightmove.
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.