Property Market News
Development land values recover as activity picks up
PCL development land value are still down at 2013 levels, despite rising in Q3.
£1bn added to UK economy for every 100,000 property transactions – claim
Each residential property transaction adds an average of £9,559 to the UK economy, according to some sums by Knight Frank and the Home Builders Federation.
Ranked: Britain’s top 20 speediest property markets
There are 14 local authority areas where properties listed for sale tend to find a buyer in 30 days or less...
Rural rents rise as cities fall – Hamptons
Average rents in the countryside have risen by 5.5% in the last year, reports Hamptons, while city rents have fallen by 5.3%.
Asking prices dip despite continued home-buying activity
"New sellers appear to be pricing more keenly, to improve their chances of getting a quick sale and beating the March stamp duty deadline," says Rightmove.
Watch: ‘Exceptionally busy’ sales market continues through second lockdown
The UK property market remains "exceptionally busy", says Garrington in its latest monthly sit-rep, despite the national Coronavirus lockdown and what would normally be the start of the seasonal slowdown.
‘Medium term expectations for house prices and private rents have barely been dented by Covid’ – RICS
Strong demand continued to drive sales activity in October, according to the latest survey of Chartered Surveyors. But things are likely to turn as 2021 progresses...
Property market momentum has ‘slowed significantly’
Heat Mapped: The latest index from eSurv continues to report rising house prices - hitting record levels in some locations - but it looks like some heat is coming out of the market...
Prime property prices continue to climb in global cities, despite the pandemic
Knight Frank's Prime Global Cities Index registered 1.6% average growth in the year to Q3.
Strutt & Parker ramps up property price forecasts
Estate agency Strutt & Parker has revised its 2020 forecasts for the UK's property market after a "mini-boom" in transactions in the last few months.
‘What we need from our homes is changing’: How UK property markets are likely to shift in the coming years
Birmingham is tipped to be the strongest regional property market over the next five years, says JLL, as the wider UK market "shows its resilience" despite a tricky-looking 2021.
London rents fall to 2014 levels as a two-speed market takes hold
“The split in the rental market caused by Covid-19 has now crystallised and we are seeing the two-speed market firmly entrenched," says Gráinne Gilmore, Zoopla’s Head of Research.