Property Market News

£171.7bn-worth of homes were sold across England & Wales in 2020, down from £277.5bn in 2019.

2021's property market  is likely to be "less of a roller-coaster ride" than 2020, suggests Knight Frank, as the firm stands by its forecast of 0% growth for UK house prices in the year ahead.

Asking prices, buyer enquiries and agreed sales all picked up last month, but far fewer properties are coming to market compared to last year.

Average rents in the South East have climbed by 10% in the last year, reports Hamptons - while rents in Central London have fallen by 16%.

Strutt & Parker is now predicting that PCL prices will rise by up to 5% this year, having previously anticipated a drop of up to 5%...

The number of London-based buyers that purchased a second home outside the capital leapt by 309% in 2020 compared to 2019, according to Knight Frank, as affluent sorts looked to escape the city.

A 'space race' in the rental market is seeing houses find tenants 30% faster compared to last year, says Zoopla.

The ONS has produced a series of charts that illustrate what happened to the property market in 2020, from national price inflation rates to a growing preference for larger homes.

"The 'escape to the country' trend has a shelf life", reports Knight Frank, as demand for central London rental picks up.

New sales supply is not keeping up with rising buyer demand, says property portal.

London and the South East were home to the vast majority of seven-figure sales in the last year - but there are some surprises when it comes to average seven-figure sold prices...

The Prime Central London lettings market has undergone a "fundamental reset" over the last year, says Knight Frank, while an emerging supply/demand imbalance is buoying sales values.