Property Market News
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.
£1m+ home numbers rise for the first time in five years
A sharp rise in 2020 means that Britain is now home to 53% more seven-figure properties compared to a decade ago - but 7% fewer than in 2015.
Mortgage approvals hit highest annual total since 2007
103,400 house purchase mortgages were approved in the last month of 2020, taking the year's total to 818,500 - the biggest number in one year since 2007, despite approvals hitting a record monthly low…
What’s next for the Prime Central London rental market?
As new data suggests a shift may be underway, former hedge fund manager Fraser Slater takes a detailed look at what’s happening in the PCL rental market right now - and explains why things are unlikely…
Housebuilders turn ‘an eye to risk management’ as land values tick up
Housebuilders reported strong sales rates in the second half of 2020 - but volumes are likely to return to "more normal levels", says Savills.
French Riviera named most expensive international super-prime property hotspot
Resort property enclaves dominate a new list of international luxury property hotspots, based on high average asking prices.
Ranked: London’s home-selling hotspots
There are six London boroughs where more than one in 25 homes are currently listed for sale.