Property Market News

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.

There's been a "rebalancing of the market between London and the country", says Savills, as the capital lags a sharp increase in £1m+ sales across the UK.

Look beyond the "mini boom" property press headlines, and there's "a complex and polarised market with significant differences based on location, property type and sector of the market," says national…

Redfin has reported a significant increase in high-value home sales in the USA, while more affordable markets dwindle.

"Anyone worried about the future of city life should take reassurance from the 21% increase in under 30-year olds starting new tenancies compared with the same period prior year," notes the CEO of London…

Knight Frank reports that £1.13bn was spent on £10m+ homes in London in the first eight months of this year - 16% more than the £977.5m recorded in 2019.

London rents continue to fall, reports Rightmove.

Around a third people who previously - in February - thought their next move would be to a city centre home now want to live in the suburbs or towns and villages.

Easton in Bristol has seen the biggest escalation of average asking prices of anywhere in the UK since 2010, according to Rightmove.

More affluent areas have seen markedly more lettings market activity since the end of the Spring Coronavirus lockdown than Britain's less wealthy locations.

"Calls and emails come in at all times of day and night," writes Heather Murphy for the New York Times. "They no longer concern fun or prestige. Instead they focus on fresh water and solar panels.