Property Market News

There's been an extraordinary release of pent-up demand in the sales market since lockdown restrictions were lifted. "The uncertainty is how long it can last," cautions Knight Frank.

Asking rents outside London have climbed by 3.4% in the last year, while the capital has seen a dip of 0.6% as rental stock piles up.

Three-quarters of house-hunters registered with Savills say that Covid-19 has led them to "reconsider their work-life balance".

"Opinions are increasingly divided as to whether the property market is enjoying a temporary blip in activity due to the released pent-up demand, or whether what is being witnessed is a ‘once in a generation’…

"Many new [residential development] sites are being soft marketed to test the appetite in the market," reports Savills, "and some have been launched now avoid competition with other sites later in the…

House prices are likely to fall by 7% as a result of Covid-19, predicts Oxford Economics - but the risks are "heavily skewed" towards much, much bigger price falls of almost 40%...

"Property prices are critical to UK prosperity," writes Professor Alexander Tziamalis.

Record levels of traffic and enquiries were recorded on the major property portals following the Chancellor's SDLT tax cut announcement.

Revised five-year forecasts suggest more muted price inflation in Prime Central London, following the Covid-19 crisis.

Sales activity has "rallied noticeably" since May, report surveyors.

It'll come as no surprise that most estate agents and property developers are quite delighted with the temporary raising of the Stamp Duty threshold to £500k, as announced by the Chancellor in a "mini…

Fine & Country and Dataloft have analysed what's happening at the top of the property market, number-crunching movements in the top 5% of sales.