Property Market News
Speedy home-sales pick up as Stamp Duty holiday boosts the market
One in seven homes listed since the Stamp Duty holiday was announced in July sold within a week, says Rightmove, up from one in ten during the same time last year.
Offers accepted hit an all-time high in London during August
Another report on the post-lockdown Summer buying flurry, as Knight Frank reports "few signs of the high levels of demand we’re been experiencing since the market reopened abating."
‘Covid-19 has increased the desire to move home, with more space the key driver’ for prime buyers
The latest Savills buyer survey reveals "a greater urgency in the desire to move home", allowing the top-end estate agency to predict that the current surge in buying activity will continue beyond the…
Slim pickings for buyers as lenders cull mortgage products
A typical buyer with a 10% deposit currently has a limited choice of around 60 mortgage products, according to Moneyfacts - down from 779 at the start of March.
Mapped: Britain’s hottest property sales markets
375 of the 378 local authorities across the UK saw more agreed sales this Summer than last, says Savills, with both London's commuter zone and more rural locations seeing sharp rises in property market…
Average house prices nudged up by 0.3% in May – UK HPI
The average UK house price increased by 2.9% over the year to May 2020, up from 2.7% in April, according to the latest official UK HPI update.
Rental viewings ‘hit a ten-year high’ in August
A late student flurry, a glut of stock, and falling rental prices boosted lettings market activity in August, reports Knight Frank.
Summer sales spike borne out in BoE mortgage data
66,300 mortgages were approved in July, according to the Bank of England.
‘No sign of a slowdown’ as Zoopla predicts 2-3% property price growth this year
The average "time to sell" a home has fallen by almost two weeks (31%) since lockdown restrictions were lifted, compared with the same period 12 months prior.
Estate agencies’ sales numbers hit a 13-year high
An average of 13 sales were agreed per estate agency branch in July, the highest figure recorded since June 2007.
How did past recessions affect UK house prices? Comparing downturns, 1960-2020
"The ‘once in a lifetime’ re-evaluation of housing requirements on the back of the lockdown will be a counterweight to the impact of the recession on housing market activity over the rest of 2020,"…
Ranked: The UK’s most ‘recession-proof’ property hotspots
An estate agency has put a brave face on the UK's bleak economic outlook, suggesting that house price inflation may carry on regardless in the face of a global recession - in some locations, at least.