Property Market News

A Stamp Duty holiday is just one of the "critical" government-led measures needed to "kick-start" the property market - and so stimulate the whole economy - after the Coronavirus lockdown, says the Knight…

The ongoing Coronavirus lockdown will be followed by a "mini-boom" in prime London's property market, predicts super-prime specialist estate agency Beauchamp.

"Given the lockdown and pausing of key activities in the housing market, statistics on the number of properties coming to market, new seller asking prices, and new sales agreed are not meaningful," says…

“You’d be surprised by how much activity there still is", says Knight Frank's prime London team...

New and newly-refurbished rental properties are faring better in the lockdown lettings market, says Knight Frank.

A looming "shortfall in incomes has a tremendous potential to disrupt the UK’s housing markets", warns the Centre for Economics & Business Research.

"These are exceptional circumstances," warn surveyors, "and the Government will need to consider all avenues that could feasibly rebuild confidence, bridging the gap between uncertainty and recovery.

A flurry of £10m+ transactions in Q1 has been brought to an abrupt halt by Covid-19, reports Knight Frank, although "buyer interest remains strong pending the market reopening".

Prime Central London saw its fastest quarterly rate of property price inflation in five years in Q1, before the Coronavirus hit.

Over half-a-million property sales will be "lost" due to the Coronavirus lockdown, predicts Knight Frank, but prices are likely to "recover sharply" once restrictions are lifted.

Banks & Government said to be in talks about pausing or adapting the mortgage market in light of the Coronavirus lockdown.

The property market "has not ground to a complete standstill" yet, says Zoopla, but demand is drying up, fall-throughs are escalating - and deal numbers are likely to sink dramatically in the coming months.