UK Property Market News

The UK property market continues to see strong house price growth. And while the sector typically faces a seasonal slowdown this time of year, demand will likely remain strong. In the past few months, there has been a significant rise in buying and selling. Over the year to September 2020, the average UK house price increased by 4.7%, according to the latest UK House Price Index from the ONS and Land Registry. This is the highest level of growth since October 2017. The data from this house price index further shows the strong growth the UK property market is seeing. The sector typically faces a seasonal slowdown this time of year. However, house prices and demand […]

New research looks at where properties are selling the fastest in Britain. The Midlands and north of England feature heavily on the list of the top 20 fastest-moving property markets. Recent research by Zoopla found 20 UK regions where properties are selling the fastest. Properties in 14 locations take an average of 30 days or less to sell. Towns and cities in the Midlands and north of England dominate the list. Falkirk, Scotland is the fastest-moving location with listings taking an average of only 20 days to move from “for sale” to “sold subject to contract”. Waltham Forest in London and Bridgend in Wales follow with sales taking 24 days. The Midlands and north dominate the […]

With pent-up demand after lockdown and news of a Covid-19 vaccine, the UK property market should expect a promising start in 2021,  property developer GRE Assets has predicted. With offices in the UK, Spain and the Middle East, GRE Assets has an international perspective of the impact the global Covid-19 crisis has had on the UK property market. Michael El-Kassir, managing director of GRE Assets, explains what the company has experienced in the latter half of 2020 and how he believes this will inform the market as we approach 2021. He said: “With the imposed lockdown restrictions meaning people have spent much more time at home this year, we believe this has led to a distinct […]

Throughout 2020, the build-to-rent sector has shown its strength, seeing record investment. What makes build-to-rent so appealing for both investors and tenants? Despite the challenges 2020 has brought with the COVID-19 pandemic, the build-to-rent sector has shown resilience. During the third quarter of 2020, £1.84bn was invested into the build-to-rent sector, according to analysis from Savills. This is the strongest single quarter of activity on record. COVID-19 caused disruption to the sector as lockdown restrictions and social distancing guidelines limited the ability to make progress on developments. However, activity returned to the build-to-rent market quickly as the construction sector adapted to new measures and guidelines. Even with this slowdown, the build-to-rent sector saw £3,097m of investment […]

HOUSE prices in the UK have been stable and buoyant in recent months, despite the coronavirus pandemic. However, with a no deal Brexit potentially on the cards, an expert has warned that leaving the EU without a trade deal in place could impact house prices in London but won’t impact the property market as much as people think. The deadline for a post-Brexit trade deal is fast approaching, with the possibly of a no deal now firmly on the cards. Today, European leasers have said a trade deal between the UK and EU is unlikely to be agreed. The EU and the UK have been locked in intensive talks for weeks, with fishing rights and competition […]

House prices should inflate by 4% in 2021, Rightmove’s House Price Index found. The firm said housing will be a high priority for people but price rises for newly marketed properties should be more modest than this year. Prices this year have jumped by 6.6%, while the first quarter of next year is expected to be very busy due to the stamp duty deadline. After that however it’s expected that things slow down, though cheap mortgage rates should continue to support the market. Jeremy Leaf, north London estate agent and a former RICS residential chairman, said: “Interestingly, Rightmove is forecasting solid price growth for 2021, despite activity clearly slowing as 2020 draws to a close. “At the […]