Property Market News
PCL’s altered rental market in eight charts
"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…
More spent on super-prime homes in London this year than last, despite the pandemic
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.
Rents rise to record levels outside London
London rents continue to fall, reports Rightmove.
One in five people now less likely to buy a property due to Covid-19 – PWC
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.
Ranked: The UK’s asking price inflation hotspots of the last ten years
Easton in Bristol has seen the biggest escalation of average asking prices of anywhere in the UK since 2010, according to Rightmove.
‘Two speed’ rental market emerges as affluent areas recover from lockdown fastest
More affluent areas have seen markedly more lettings market activity since the end of the Spring Coronavirus lockdown than Britain's less wealthy locations.
NY Times: The Island Brokers Are Overwhelmed
"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.
The Price of Beauty: How much more does it cost to live in a National Park or AONB?
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…
Housing market activity ‘continues at strong pace’, but the longer-term outlook is ‘increasingly negative’ – RICS
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...
Property searches surge in smaller communities as country escape continues
Country towns and villages are seeing a much bigger rise in property searches than major cities, reports Rightmove.
Rents rise in the prime commuter belt but fall in London, as tenants ‘make real lifestyle changes as a result of Covid-19’
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.
Ranked: The world’s most ‘over-valued’ property markets in 2020
UBS has updated its Global Real Estate Bubble Index.