Property Market News
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.
Demand for second homes jumps as price uncertainty reigns
A quarter of people say they are more likely to buy a second home now than before the Covid-19 lockdown, says Knight Frank.
Rightmove reports busiest ever day as pent-up demand is released from lockdown
Portal visits and buyer enquiries have rocketed since the property market re-opened two weeks ago, but "it’s going to take a considerable time for a return to sales agreed levels seen last year and at…
Post-lockdown surge in property demand likely to be ‘short-lived’, warns Zoopla
"Active engagement" with property listings has jumped to exceed pre-lockdown levels by some 20%, reports Zoopla - but more than four in ten would-be buyers say they have put moving plans on hold...
Overseas buyer demand grows as BoE talks of sub-zero interest rates
International buyers continue to view London property as a safe haven, says Knight Frank.
Market Snapshot: Sales & lettings listing, one week after lockdown
“One week on from the surprise opening of the housing market and agents are still showing caution and quite rightly putting safety first," says Rightmove.