Property Market News

"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 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…

"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…

Rental yields are likely to be lower in 2024 relative to today, predicts Savills.

Savills is standing by its pre-pandemic five-year forecasts, despite anticipating a major slump in 2020.

New sales instructions have increased by 16%, says Knight Frank, as supply catches up with post-lockdown demand.

Northern towns have seen the biggest surge in buyer demand since the property market re-opened, reports Rightmove.

Residential property activity in China "has largely returned to normal" after two or three months out of lockdown, reports Savills.

"So little has been able to happen, yet so much has changed in the property market," says buying agency Garrington in its video appraisal of the  post-lockdown market.

There's been "a strong initial bounce-back in all metrics" since the property market lockdown was lifted on 13th May, reports Rightmove - but 175,000 vendors are "missing the market".

Landlords who sold a property in 2019 typically owned it for 9.1 years and sold it for £78,100 more than they paid for it.