Property Market News
Newquay named Britain’s hottest sellers’ market
Rightmove has ranked the ten hottest buyers' and sellers' markets in Britain, based on the proportion of this year's property listings that have already sold subject to contract.
40% of deals are being agreed off-market in some locations – Garrington
"Activity in the property market over recent weeks has been as extreme as the weather over the Easter period," says buying agency Garrington in its April 2021 market sit rep.
Landlord property sales drop to a seven-year low
131,900 buy-to-let homes were sold-off by investors in 2020, says Hamptons; the lowest number since 2013.
Property market gained ‘significant impetus’ in March – RICS
The consensus amongst surveyors is that renewed property market momentum following the extension of the Stamp Duty holiday will be "sustained over the near term."
Global cities see house price growth accelerate
81% of international city markets tracked by Knight Frank saw property prices rise in the year to Q4 2020; one in five (20%) registered double-digit price inflation.
Ranked: The fastest moving markets in England & Wales
Properties in some areas are finding buyers significantly more quickly than they were a year ago, reports Zoopla.
London’s super-prime lettings market surges
Another agency is reporting a significant pick-up in top-end rental activity.
Prime Central London ‘has now bottomed out’ – Savills
Back to work plans are boosting demand for town and city homes, says Savills, but the country house and coastal property markets are still riding high.
Ranked: London’s ten most expensive streets of 2020
Upper Phillimore Gardens in Kensington has been named London's most expensive address of last year, with a median sold price in 2020 of £28 million.
One in nine properties sold above asking price in February, but more deals are taking longer to complete
The number of properties selling for more than their asking price increased to one in nine (11%) in February, according to Propertymark - the highest level since August last year, and the highest February…
The ‘escape to the country’ trend has ‘evolved to a more urban focus’
“The search for space is far from over but the trend has a more urban flavour now,” says Knight Frank research chief Tom Bill.
Mortgage approvals dip but remain high
Encouraged by the temporary Stamp Duty holiday, individuals borrowed an additional £6.2 billion secured on their homes in February - the highest net mortgage borrowing level since March 2016 (£7.