Property Market News
December’s agreed sales tally was the highest since 2006
Estate agency branches did an average of eight sales deals last month, according to Propertymark, down from 13 in November but still the highest December total since 2006.
What’s happened to property prices in London’s Golden Postcodes?
The average price paid in Prime Central London has fallen by 10% since the start of the Covid-19 pandemic - but some enclaves have seen dramatic prices rise.
20% more people are currently in the process of moving home compared to last year
"The volume of households moving through the homemover funnel" has reached "unparalleled levels", says research firm Twenty Ci.
Prime London saw 12% more £5m+ property sales in 2020 than in 2019
Surprisingly high prime sales volumes are "a clear demonstration of confidence in London as a leading world city," says Savills.
Buying agency draws up a ‘definitive league table of post-Covid property hotspots’
National buying agency Garrington has compiled a "definitive league table of post-Covid property hotspots", assessing the best places to live in the "new normal" of 2021 and beyond.
Average London house price tops £500k for the first time
The pace of property price inflation picked up dramatically towards the end of last year, according to the latest official UK HPI.
Family Fortunes: How family home prices have shifted over the last four years
Zoopla reveals where family-size homes (3-5 bedrooms) have seen the biggest increase in price per square foot since 2016.
‘Monumentally beneficial’ Stamp Duty holiday ‘on course to save homebuyers £1.5bn’
The nine-month SDLT break is likely to cut HM Treasury's revenue by £1.5bn, says estate agency Keller William UK, having already saved property buyers £817m in tax payments.
Savills forecasts property price growth in most prime global cities
Of the world's major prime cities, Seoul, Berlin and Sydney are set to see the highest rates of luxury property price inflation in 2021, forecasts Savills.
Buy-to-let incorporations reach an all-time high as tax changes bite
The latest Hamptons index tells us that the national rate of rental price inflation ticked up sharply towards the end of 2020. The annual rate jumped from 1.4% in October to 4.1% in December.
10% more property sales were agreed in 2020 than in 2019
The sales market has seen a busy start to the year, although asking prices have dipped in the last month as vendors price competitively.
Buyers & sellers ‘remain largely undeterred’ by lockdown, but half do not feel safe on physical viewings
A third national lockdown has deterred just 14% of buyers and sellers from a purchase or sale in 2021, according to a survey of over 10,000 people, with 81% planning to carry on as they planned.