Property Market News
How Covid-19 is affecting prime property markets around the world
Savills has surveyed 50 of its top people in property markets around the world to gauge levels of buyer and seller pessimism and positivity, and assess how the Coronavirus pandemic is changing the residential…
Home-movers are ‘determined to move’, as more city-dwellers look to the regions
94% of home buyers and sellers are still planning to move once the Coronavirus lockdown is lifted, says Rightmove - but there are signs of shift in demand, with housebound house-browsers in cities looking…
Lloyds predicts a 5% fall for house prices this year
Major mortgage lender Lloyds and top-end buying agency Black Brick are both predicting a fall for property values as a result of the Coronavirus pandemic.
Country house market recovery thwarted
After three years in the doldrums, country house prices and activity were beginning to turn up in Q1, says Knight Frank. Now prices are likely to drop by 3% this year.
London falls out of the top ten most expensive global cities
Hong Kong is still the world's most expensive city to buy a home, according to a new report from CBRE, followed by Munich and Singapore.
£82bn-worth of resi property deals are in ‘suspended animation’
Zoopla estimates that 50% fewer homes will be sold in 2020 than in 2019... The current rate of deals is about 10% of the usual March tally - a market more akin to late December than Springtime.
Under offers piled up as the lockdown halted prime London’s property market recovery
Nearly a third (30%) more London homes were marked as "under offer" at the end of March compared to the same time a year ago, according to LonRes data mined buy Coutts bank, as deals piled up under the…
Listen: Knight Frank’s research unit launches podcast series
Knight Frank Research has just launched its first podcast series, aiming to "break down the news and delve into the intelligence behind the property market headlines."
Tenancy renewals jump under lockdown, but ‘there are signs that applicant demand is starting to increase again’
Hamptons and Knight Frank both report big increases in tenancy renewals, but both flag signs of renewed demand for new lettings despite the lockdown.
London’s lettings market awakens, sort of
Tenants across London & the Home Counties are making plans for life after lockdown, reports Knight Frank, although more are opting to go with the status quo.
Deutsche Bank predicts a 20% slump for UK house prices
Everyone agrees that transaction volumes will plunge, but opinions are divided over the impact of the Coronavirus on property values...
Average property prices dipped in February – UK HPI
London prices climbed by 2.3% over the year to March - the biggest annual increase of any English region.