Property Market News

Living in an area celebrated for its landscape and nature comes at a price, says Knight Frank, as the firm reveals the average property price premiums for the UK's National Parks and Areas of Outstanding…

Surveyors across the UK reported a continued rise in demand, supply, prices and agreed sales in September - but the consensus is that things will turn in the next 12 months...

Country towns and villages are seeing a much bigger rise in property searches than major cities, reports Rightmove.

Savills has revised its prime rental price forecasts. Prime London rents are now expected to fall by 3% this year, with inflation of +7.6% over the next five years.

UBS has updated its Global Real Estate Bubble Index.

Super-prime developer Northacre has sold £40m-worth of apartments since April in its first mixed-use scheme, The Broadway, which has now reached full height.

Knight Frank boils down its property market analysis for the coming months into a single key question: "will there be positive news on a treatment or a vaccine before the momentum runs out?"

The average annual rate of property price inflation across the 150 tracked cities moderated from +3.6% in Q1 to +3.4% in Q2.

Asking price inflation for three-bedroom houses has outstripped the price growth of two-bedroom flats every year for the last five years, says Rightmove.

Average prime values outside of London have climbed beyond their 2007 peak for the first time, says Savills, and now sit some 1.4% above their pre-crash high.

A poll of property pundits a 2% rise for UK property prices this year, before a "flatline" in 2021.

"Previous UK recessions have been associated with house price falls, but 2020 looks set to be the exception," says Savills as it "significantly upgrades" is forecasts for both property prices and transaction…