Property Market News
Agent enquiries have jumped by an average of 32% as Northern towns bounce back faster
Northern towns have seen the biggest surge in buyer demand since the property market re-opened, reports Rightmove.
Activity returns to global property markets, but there’s a ‘disconnect’ between buyers & sellers on pricing
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’ – Garrington
"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.
The property market is showing ‘far more resilience than had been expected’
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’ average capital gain sinks again
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.
Pandemic pushes expats to buy homes ‘back home’
A rising number of expats are looking to move "back home" as the impact of the Coronavirus pandemic unfolds, according to a survey of prime-oriented Knight Frank brokers around the world.
Rental valuations jump to a record high as the lettings market bounces back
Viewings of properties for sale are still well below the five-year average, reports Knight Frank, but both landlords and tenants are now more active than before the pandemic.
Surveyors ‘remain cautious’ despite pick-up in market activity
New buyer enquiries, newly agreed sales, and new instructions have recovered since the lockdown, but surveyor sentiment is still not buoyant.
Global housing markets ‘are displaying a surprising degree of resilience’
Residential activity is recovering quickly in many international markets as Coronavirus lockdowns are eased.
Tenant demand is catching up with rental supply in prime London
"It still feels like it’s more of a tenants market" in prime London, says Knight Frank's Head of Lettings, "but we are going into the busiest period of the year and I would expect supply to come down.
PCL prices prove resilient as demand recovers faster than supply
“It feels remarkably similar to the period that followed the EU referendum,” says Knight Frank's Head of London Residential Research, Tom Bill. "It will take a while for the market to find its feet.