Property Market News
Mortgage approvals climb to highest level since 2007
The latest Bank of England figures show a continued increase in mortgage lending since the Spring Coronavirus lockdown.
Ranked: Britain’s new million-pound street hotspots
The number of residential streets with an average property price above £1m has escalated by a fifth in the last years, reports Rightmove.
PCL prices have ‘fallen back to Earth’ despite activity surge – Coutts
"Prime Central London looks cheap," the Queen's bank tells its HNW clients in its latest property market report.
These are the UK’s top five future housing development hotspots, according to Knight Frank
Knight Frank has identified five key locations in the UK that are most primed for major residential development in the coming years.
Stamp Duty holiday sales rush is hiding a polarising property market, warns Zoopla
“There is a large pipeline of sales to complete by Christmas and the 31 March 2020," says Zoopla's insight chief "– with an average 100 days to complete an agreed sale those looking to beat the stamp…
UK house prices set to rise 14.5% by the end of 2024
London is likely to see the slowest rate of property price inflation in the coming years, according to some analysis of various property market forecasts.
Four ski property trends to watch in 2021
Knight Frank's annual Ski Property Index saw chalet prices climb by 1.2% in 2020, marginally down on last year's +1.4%.
Buyers are flocking to the ends of London’s commuter lines
In a reversal of last year's trend, new Rightmove data tells us that TfL Zone 6 has seen the biggest increase in property demand, while Zone 1 has seen the smallest rise compared to last year.
Annual house price inflation climbed to 2.5% in August – UK HPI
London's average property price has escalated back to its 2017 high, according to the latest official UK House Price Index.
London rental market activity booms, but prices face downward pressure
Chestertons has reported a 45% increase in new tenancies in London this September compared to last - but supply is running high, forcing many more landlords to cut rents.
New-build home deliveries sink by 15-20%, but development land buying activity remains strong
Savills saw more new-build homes reservations in Q3 this year than in any previous quarter on record, while development land buyers focus on smaller sites.
‘Previous records are tumbling in this extraordinary market, and there are still some legs left in the upwards march of property prices’ – Rightmove
Property portal predicts average asking prices will end this year 7% higher than they started it.