Property Market News
Supply & demand move further out of kilter as vendors hold back
Demand may be surging, but new property listings have fallen by 21% year-on-year says Knight Frank, while January's UK transaction tally was 4% lower than in 2019...
The billion-pound building boom that could transform Oxford Street back into a prime resi address
Nine new residential developments are changing the face of Europe's busiest shopping street;
Architects’ confidence surges, but workloads are still down
RIBA's Future Trends Workload Index has surged into positive territory, led by the private housing sector, but architects' actual workloads are still 5% below last year's level...
Hong Kong ‘in a league of its own’ & London ‘at a turning point’: Prime global city markets in seven charts
Hong Kong, New York, Tokyo, Geneva and London are the most expensive prime global cities, says Savills;
Cash buyers pay an average of 9% less for a home than mortgagers
The average price paid by cash buyers for a home in the UK is 9% less than that paid by mortgaged buyers... But it's a different story in London.
Latest mortgage data shows a resurgence of buy-to-let activity
The number of home-mover, remortgage and buy-to-let lending picked up in December, reports UK Finance.
Homes in English market towns command a 12% average mark-up
Beaconsfield has the highest house price premium of any market town, says Lloyds Bank, followed by Henley-on-Thames and Bakewell.
Power Lines: London’s new Zone 1 neighbourhood ‘will come of age’ in 2021
Around 5,000 new homes have been built in VNEB (Vauxhall Nine Elms Battersea) over the last five years, and another 7,000 are due to be delivered in the next five...
Rightmove predicts ‘a series of new price records’ this Spring
Supply is finally starting to rise, says Rightmove, but not as fast as demand...
Landlord numbers fall to a seven-year low
The average private rental portfolio size has risen as the number of landlords has dropped, reports Hamptons International. The national average rent increased by 3.6% in the last year.
London house prices have risen at nearly twice the pace of the national average in the last ten years
Property prices in Greater London escalated by 82% between 2009 and 2019, according to research house Acadata. That's nearly twice the average house price inflation rate across UK regions (42.6%).
‘House price pressures appear to be building’ as market activity grows
Surveyors "are optimistic regarding the outlook for activity over the next twelve months," says the RICS.