Property Market News
‘All of the key buyer metrics are [now] ahead of early 2020’ – Rightmove
Asking prices, buyer enquiries and agreed sales all picked up last month, but far fewer properties are coming to market compared to last year.
Cash deals dwindle as smaller landlords tempted to invest
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 revises property price forecasts, swinging PCL to positive growth this year
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 Londoners buying second homes outside the capital tripled last year
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.
‘Halo effect’ as renters move out of city centres
A 'space race' in the rental market is seeing houses find tenants 30% faster compared to last year, says Zoopla.
‘An unusual year’: Britain’s pandemic property market in nine charts
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.
Tenants drawn to PCL as Zone 1 rents fall to lowest levels in decade
"The 'escape to the country' trend has a shelf life", reports Knight Frank, as demand for central London rental picks up.
Rightmove heralds busiest-ever January – but fall-through rates ‘creep up’
New sales supply is not keeping up with rising buyer demand, says property portal.
Mapped: Million-pound home sale hotspots
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...
PCL sales & lettings market snapshot: An emerging supply/demand imbalance, and a ‘fundamental reset’
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.
Prime London ‘buying frenzy’ cuts price discounts & sales times
Q4 saw the average prime London property price rise by 3.6%, according to Coutts bank, taking it back to roughly the level seen just before the pandemic struck the UK.
‘British house prices will flatline this year’ – Reuters
The latest Reuters poll of property market pundits predicts 0% growth for average London and UK property prices in 2021.