Brexit and weak pound helped London leapfrog Hong Kong and New York in 2020
International property consultant Knight Franks' Liam Bailey, Global Head of Research, is reporting this week that the world's ultra-wealthy spent almost $4 billion on super-prime properties ($10m+) in London last year, more than any other city.
It’s taking an average of 15.57 weeks to sell a property across England, according to the latest data released by house buying firm, Property Solvers, who analysed 23,499 property sales across the region between April 2020 and April 2021.
Due to the affects of lockdown on the buying preferences of house hunters in the capital, there has been a shift towards homes in the suburbs. Despite being down, the inner London property market is certainly not out, according to the latest research from Benham and Reeves.
With demand increasing for outdoor space amongst house hunters, traditional requirements such as a modern kitchen, open-plan spaces and clever storage are beginning to wane. Your garden is now your biggest selling point, so time to give it some love.
Time and money. There never seems to be enough, particularly in the world of property. And frustratingly for those who are hoping to cash in on the stamp duty holiday, it seems you can't have both.
Driven by lockdowns and fuelled by recent government incentives, Rightmove has revealed that this is the strongest spring sellers’ market in the past decade.
More than half of the UK’s largest cities are continuing to experience a property selling boom according to newly released data from UK letting specialists, Apropos.
New research by lettings and estate agent, Benham and Reeves, has revealed which London boroughs are currently ranking as the home selling hotspots of the capital, based on the number of homes listed for sale per square kilometre.
Newly released research from The Guild of Property Professionals has revealed that thousands of homebuyers will pull the plug on their property deals as a result of the stamp duty holiday not being extended.
Property portals often experience a spike in search on Boxing Day with Britons looking to buy a house ready for the new year. With Boxing Day just days away, an expert has revealed their five top tips for getting your property in shape ready for the "Boxing Day bounce".
Regulated property buyers, Good Move, have been combing through a year's worth of Google Search data (don't panic!) to reveal what potential house buyers were searching for this year compared to 2019.
No visible signs of the property market easing on its traditionally-seasonal brakes just yet. The latest figures released by NAEA Propertymark have revealed that prospective buyer numbers reached the highest ever recorded for the month of October.
Activity is strongest in the upper end of the housing market where stamp duty savings are most significant.
Housing secretary Robert Jenrick has confirmed that house moves can continue when Thursday's lockdown begins, but has yet to decide whether branches can remain open.
With rules and regulations surrounding lockdown seeming to change by the hour, baffling public and politicians alike, the government was forced to attempt to simplify its guidance and on October 12th the new Tiers system was announced.
SSTC drops below 55,000 for first time in 10 weeks.
Fall throughs remain above 6,000 for the last four weeks.
New properties coming to market remains above 60,000 for the last 14 weeks.
Withdrawals drops below 6,500 for first time in 25 weeks.
Some 56 per cent of under-35s who own a property had financial help.
Two thirds of them couldn't have bought their home without this support.
They received £19k on average, and absent it would have delayed buying for another four years.
Desire for more space on back of Covid homeworking fuels housing market, says Halifax
Mortgage issues, gazumping, survey faults or a chain-breaking, there are many reasons why a property sale can collapse.
Nearly half of first-time buyers say their home buying plans have been delayed. One in five says they had to pull out of buying a property due to lockdown. This comes as the property market booms for movers with bigger deposits.
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