Property Market News
Summer’s ‘meandering’ market ‘remains fragile’ – Garrington
The July monthly market video update from buying agency Garrington sees research face Catherine King talk about sunny days, Wimbledon winnings and down-sizing.
Asking prices drop for the first time this year as properties stick on the market
'Key metrics indicate a buyers’ market in the second half of 2019,' says Rightmove, as the portal notes 'tentative signs of the market bottoming out' in London
University cities out-perform the rest of the property market
House prices in the world's top 50 university cities grew by an average of 66% between 2009 and 2018, compared to a national average growth of 40%
New buyer interest rises for the first time since November 2016
The UK property market appears to be stabilising, says the Royal Institute of Chartered Surveyors
Sales at Battersea Power Station climb back to pre-delay levels
'About 70%' of Phase 3A units have now been sold at Battersea Power Station - which is about the same level as in 2017, before construction delays allowed some buyers to back-out of contracts
Prime London sees a ‘surprise return of competitive bidding & even a few sealed bids’
But sentiment remains 'fragile' as political uncertainty continues to put the brakes on prime residential property markets, says Savills
British home-owners move just once every 21 years
Property inertia is highest in Kensington & Chelsea, according to Zoopla; homeowners in the Royal Borough stay put for an average of 35.5 years
£1m+ property sales stall after a decade of growth
Just 1% more £1m+ homes were sold in 2018 compared to 2017, ending a ten-year run of growth that saw the number of seven-figure deals escalate by 194%
Market Snapshot: Belgravia bears up amid Brexit challenges
Buyers baulking at the prices in Mayfair and Knightsbridge are seeing a 'good value proposition' in neighbouring Belgravia, reports longstanding local agency Best Gapp, with some notable short-lease activity...
Charting the price of a top 1% home across the UK
'The difference in the cost of the top 1% of homes by region just might come as a surprise,' says Savills' research chief Lucian Cook
Property prices in UK cities have risen by an average of 1.8% in the last year
Housing affordability has improved a bit in the UK's three most expensive cities, reports Zoopla, but getting on the first rung of the housing ladder is still out-of-reach for most
Supply & demand bounce back, but 81% of properties are still selling below asking
'It’s evident that buyers and sellers are no longer waiting for the outcome of Brexit and want to get things moving,' says NAEA chief