Property Market News
Upsizers boost larger home prices to a record high
Agreed sales of detached 4+ bedroom houses more than doubled from August 2019 to August 2020 (+104%), reports Rightmove. Sales of other three- or four-bedroom homes were up by 55%.
‘A lot of players are ending up in hotels’: Footballers struggle to score top-end rental homes
A shortage of £15k+ per month listings means that some Premiership footballers have been unable to find homes to rent as the new season starts, says Knight Frank.
High-end homebuyers ‘ditch flats for detached homes in lifestyle 360’
Sales of £5m+ detached houses have fallen far less than similarly-priced apartments since the Spring Covid-19 lockdown, suggests data mined by Enness Global Mortgages.
Students return to bolster Prime Central London’s rental market
Domestic and international students account for a quarter of all Dexters' tenant applications in central London, rising to well over two-thirds in some educational enclaves;
More renters are looking to the Home Counties for a quieter life
The UK’s new rental hotspots are in quieter locations further from from traditional commuter hubs, says Rightmove.
Ranked: Which areas are seeing the biggest price reductions?
Estate agency comparison website GetAgent has checked the major property portals to see where asking prices have been cut by more than 15%.
CEBR predicts 14% fall for UK house prices next year
Economists warn of a "significant fall" for house prices as wider economic turmoil catches up with the property market.
‘Renters have joined homeowners in the race for space by rushing to the suburbs’ – Hamptons
Hamptons has seen a rise in the number of renters moving out of London in search of more space.
UK house prices hit a four-year high as demand for outside space continues to climb
"The latest RICS survey provides firm evidence of a strong uplift in activity in the housing market which should help support the wider economy gain traction over the coming months," says RICS' Chief Economist…
Scotland’s property market ‘has gone from zero to full ahead in the blink of an eye’
"In Scotland, the opportunity to re-think lifestyle choices has been catalysed by an extraordinary alignment of supply and demand," says DM Hall.
More countries see house prices begin to fall
The average house price across 56 countries and territories increased by 4.7% in the year to 30th June, reports Knight Frank, in a Global House Price Index that "offers a glimpse into the impact of Covid-19.
Transaction numbers likely to end the year 15% down, predicts Knight Frank
"This does not feel like a re-run of 2008/09 for the UK property market," says Knight Frank, as it forecasts minimal property price drops against a complex economic backdrop.