Property Market News
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.
PCL sales are up 85% compared to last Summer – Dexters
"All the activity we are currently seeing gives us every confidence about the outlook for the Prime Central London property market," says Dexters. But others are less bullish.
Ex-short-lets flood London’s rental market
A 42% jump in rental supply in Central London has caused a record 8.4% fall in average rental values, reports Hamptons International.
The Guardian: The age of the office is over – the future lies in Britain’s commuter towns
"If I was in the property game, I would buy anywhere with a cathedral," writes Guardian columnist Simon Jenkins, as he mulls how the rise of home-working could revitalise rural and small town life.
Surveyors warn of a ‘boom followed by a bust’ as the property market continues to rally
Housing market activity continued to 'gain momentum' in July, reports the RICS, but most surveyors 'do not expect this impetus to continue' for more than a few months...
‘Lockdown lifestyle reappraisal’ sees rural & suburban prices rise while London continues to fall
Acadata's latest house price index tells of an "emerging new geography" for prices and demand - which may or may not be here to stay.