Property Market News
Half of homeowners have ‘reordered their priorities’; one in seven have cancelled plans to move home in the next year
A survey by Zoopla has revealed that one in seven (14%) of those who were planning to move home before the pandemic hit have cancelled or paused those plans for more than a year.
‘Balance returns’ to the property market as supply picks up
Knight Frank reports that "after an initial burst of demand following the re-opening of the market on 13 May, the number of new sellers has risen and the ratio between supply and demand has normalised.
‘We can see the first green shoots of a recovery’: Mishcon’s James Liffen on the current state of the property market
"We can see the first green shoots of a recovery," writes James Liffen of Mishcon de Reya as he takes stock of the property sector's current situation, "but think it may be some time before the prime and…
Estate agents have 12% more house-hunters on their books compared to last year
NAEA members managed to agree an average of five sales per branch in May.
Countrywide reveals lockdown impact & bounce-back performance
"Early trading indicators in England are encouraging and we expect a similar bounce back in Wales and Scotland," says Countrywide's Board ahead of the Plc's AGM.
Prime London prices dipped by 1.1% in Q2, but house values have held up as buyers ‘reassess their needs’
"We have been surprised at the extent to which lockdown has made people reassess their housing needs and, more pertinently, act upon it," says Savills.
The property market’s post-lockdown surge ‘has continued into its sixth week’ – but how long will it last?
Knight Frank has just recorded its biggest ever week for offers accepted.
Demand surge to prop up house prices for the next few months, but the post-lockdown bounce is already slowing
"The surge in demand for property is expected to delay house price falls, pushing them towards the end of 2020," says Zoopla, as it forecasts that annual price inflation will be sustained at 2-3% for the…
NAEA boss warns ‘Covid fatigue’ could force another property market lockdown
"If the sector is seen to be abusing the safety rules, the Government has the right to withdraw its consent to keep the housing market open," warns Mark Hayward, Chief Executive of the National Association…
Savills revises rental growth forecasts down
Rental yields are likely to be lower in 2024 relative to today, predicts Savills.
Savills forecasts a 7.5% drop for house prices this year, with transactions down by a third
Savills is standing by its pre-pandemic five-year forecasts, despite anticipating a major slump in 2020.
Rising sales supply leads to ‘more sustainable market conditions’ – but ‘the recovery is still fragile’
New sales instructions have increased by 16%, says Knight Frank, as supply catches up with post-lockdown demand.