Property Market News
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.
KFH reports ‘unprecedented demand’ as SDLT holiday drives a ‘significant spike’ in buyer registrations & seller valuations
'Buyers are entering the market in droves as confidence grows and restrictions continue to ease,' says London estate agency.
Transaction numbers are recovering, but are still well below last year’s count
July's official count of residential property transactions was higher than in June, but still some 27% below the same month last year.
£1m+ sales are running 100% above last year’s level as prime leads the property market rebound
The prime market has led the post-lockdown rebound in UK property market activity, suggests data from Rightmove and Knight Frank, with a notable spike in £1m+ deals.
Sealed bids are now ‘commonplace’ for the best properties from Scotland to Devon, says top buying agency
It's a "far from relaxing" Summer holiday, says national buying agency Garrington, as the property market's traditional August lull is replaced with plenty of buying activity.
Chinese demand for UK property bounces back as Stamp Duty pushes buyers to act now
"Anyone who can bring their transaction forward to 2020 from next year or even later is doing so," says property portal Juwai, against fears of higher Stamp Duty rates from 2021.
UK HPI returns after lockdown hiatus: Average property prices dipped by 0.2% in April
In the year to April's end, average house prices increased in London to £480,425 (2.3%), in England to £251,000 (2.5%), Wales to £169,000 (5.0%), Scotland to £153,000 (1.
‘Rulebook rewritten’ as buyers go on a £37bn Summer spending spree
Rightmove has just recorded its busiest ever month, as the property market's post-lockdown "mini-boom" accelerates rather than slows down.