Upsizers boost larger home prices to a record high
Agreed sales of detached 4+ bedroom houses more than doubled from August 2019 to August 2020 (+104%), reports Rightmove. Sales of other three- or four-bedroom homes were up by 55%. Transactions involving smaller homes (two or fewer bedrooms) also increased, but to a much smaller degree (+36%).
What to read next
‘Full house’ as asking prices hit record highs in every region & market sector
Every region and market sector saw asking prices rise to a record high last month, reports Rightmove; it's the first "full house" since 2007.
By PrimeResi
UK house prices hit a four-year high as demand for outside space continues to climb
"The latest RICS survey provides firm evidence of a strong uplift in activity in the housing market which should help support the wider economy gain traction over the coming months," says RICS' Chief Economist…
By PrimeResi
Asking prices climb to another record high as the property market sees its busiest ever H1
House prices are being inflated by "frenzied" buying activity and a continued shortage of properties being listed for sale. There's a 225,000 shortfall of homes for sale, estimates Rightmove;
By PrimeResi
Companies in this article
RightmoveMost read
Government confirms 100% ‘mansion tax’ premium for empty homes
Latest Measures & Industry Reactions: More details of the incoming High Value Council Tax Surcharge bills have been revealed, with first bills due to arrive in March 2028.
By PrimeResi
Boutique London agency snaps up another lettings portfolio
Around 50 managed properties join the firm’s books as it continues its expansion across PCL & SW London.
Italy’s exit tax plan raises eyebrows in Britain
'Perhaps we don’t look so bad after all?' quips top London buying agent as Rome pitches a departure charge for wealthy residents.
Top-end Kensington scheme racks up over £70mn in sales
Developer unveils resident amenities and reports latest sales progress at Squire & Partners-designed project.
Talking Heads: Prime resi industry insiders respond to the Budget 2026
'Doing no harm isn't quite the same as doing some good,' comments one estate agency chief.
Knight Frank puts heavyweight duo at helm of London Private Office
Specialist division brings together the firm's 'most accomplished advisers' for UHNWIs.
Super-prime St John’s Wood project goes for above guide
'Buyers will move decisively for exceptional homes in the best locations,' says agency after sealing £10.1mn deal.
Sale agreed on final Knightsbridge Gate apartment
The last of the PCL scheme’s 15 residences has found a buyer, rounding off a sales campaign that saw guide prices hit £25mn.
Native Land teams up with Singaporean investor for PCL acquisition drive
Kensington block changes hands as new venture targets the capital’s prime rental market.
PCL agency bolsters team after high-end deal run
Former Aston Chase ops manager joins alongside two agents as the Mayfair-based firm sets its sights on further expansion.
LATEST ARTICLES
Savills pushes housing market recovery back to 2028
New forecasts: Mainstream UK prices are tipped to fall 1.5% next year, with London in for a 3.5% drop as top agency downgrades expectations again.
By PrimeResi
Raffles unveils standalone resi debut
Luxury hospitality marque picks exclusive US enclave for collection of 35 ‘generational residences’.
Six months on: How has the Renters’ Rights Act played out in practice?
Savills’ Amelia Greene reports from the lettings front line, where several of landlords’ biggest fears have yet to materialise.
£21.75mn price tag for Kensington Square gem
Agents say this historic townhouse is one of the area’s finest.
Former John Lewis property chief launches resi consultancy
Katherine Russell's new venture has an institutional investment manager as its anchor client.
By PrimeResi