Property Market News
‘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.
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.