Property Market News

The average UK house price dipped by 0.5% in January, according to the latest official UK HPI, leaving the annual rate of change at a still-high +7.5%.

Houses are selling three weeks faster than flats, reports Zoopla, as more buyers hunt for more space.

HMRC brought in £775m in Stamp Duty receipts in the year to February 2021, £49m less than the £824m recorded in February 2020.

The total value of the UK’s housing stock has escalated to £7.56 trillion, rising by £380 million in 2020 despite the pandemic and global economic uncertainty.

"The property market is likely to become more free flowing" in the coming weeks, says buying agency Garrington, as more homes come to market and "some form of gradual normality returns post lockdown.

Property prices increased in nine out of ten countries in 2020, according to Knight Frank's latest index.

“The current excess of buyer demand over supply is the largest we’ve seen in the last ten years and suggests that this could be one of the best ever Easters to sell,” says Rightmove, as it tries…

Half of landlords reletting their property increased the rent this year, says Hamptons; that's the highest figure since 2016. In London, however, only 37% of landlords were able to raise rents.

UK property prices are likely to rise this year, says Knight Frank, as it follows other market-watchers in revising up forecasts.

Most surveyors expect property sales activity to pick up in the coming months, thanks to Budget certainty and the easing of national lockdown restrictions.

There's "a growing trend of people wanting to move back to urban hubs," says Rightmove, as the portal reports "a significant shift in search behaviour", with more tenants looking to rent in London Zones…

"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."