Property Market News
Return to school drives sharp pick-up in sales & lettings enquiries
"Home schooling is turning to home searching," says Carter Jonas, as parents "refocus and prepare for a move in time for September 2021 and the start of the new school year."
Property firms note surge in activity following the Budget
“It’s clear from our record-breaking traffic numbers that the Spring Budget has introduced buyers into the market who were not perhaps able to consider moving until now or who were waiting to hear…
OBR upgrades property market forecasts
The Office for Budget Responsibility is rather more bullish on house price inflation and transaction numbers than in November...
Flat prices fall as demand dwindles
Demand for flats in London has slumped as buyers seek more space in light of the pandemic experience, and the cladding scandal takes it toll.
Mortgage lending remains ‘relatively strong’
The number of mortgages for house purchases fell slightly from December to January, but is still well above numbers seen in the last decade.
Property portal reports record traffic, but vendors continue to wait
Record numbers of people are browsing the internet for a new home - but there's a dearth of new sales listings...
Lloyds expects house prices to fall this year
Lloyds Banking Group predicts that average property prices will fall by 3.8% by the end of 2021, with a downside risk warning of negative growth until at least 2024.
Knight Frank picks Notting Hill as one of the world’s top ten neighbourhoods ‘primed for growth in a post-pandemic world’
KF's Wealth Report 2021 identifies ten "up and coming" prime residential locations around the world, including four in Europe.
London & New York named top wealth cities for 2021
“Long live the city," declares Knight Frank in its 2021 Wealth Report, as it ranks the world's top urban hubs for the super-rich.
Off-market activity ‘has been continuing at a cracking pace’ in Scotland
"While a superficial look at the current market might suggest an ongoing lack of supply, activity under the radar has been continuing at a cracking pace," writes Jennifer Campbell of Scottish property…
New York dominates the world’s UHNW real estate scene, while London ‘stands out as a second-home destination’
New York is the top global city for the world's wealthy, according to new analysis by research house Wealth-X, with "a significant lead" over other hubs.
Houses outperform flats as Prime London market stays strong
Houses in the £2m to £5m range have been significantly outperforming the rest of the market, reports LonRes...