With no sign of slowing demand from buyers, virtual auction rooms remain packed as we head into spring, according to Auction House London which saw almost 4,000 bidders register for their last livestream sale.
Inflation is something of a buzzword at the moment, with living costs rising at an extraordinary rate.
Spring is usually the busiest season for the housing market. However, the scarcity of housing coming onto the market matched with increased demand has led to prices reaching dizzying heights, which most people are unable to afford.
As much as 325,000 sq m of modern employment floorspace alongside 23,377 new homes could be brought forward as part of co-location schemes in the capital, according to new analysis from Turley.
While the first changes to upfront information are happening, it is not until full material disclosure that we are likely to see any impact on lowering fall-throughs, according to Gazeal who highlight that sales are continuing to collapse at an alarming rate.
As the world continues to watch events unfold in Ukraine, there is a growing number of tenants enquiring about the ‘Homes for Ukraine’ initiative and wanting to open their homes to refugees.
House prices, low stock and speed of market. According to Rightmove this morning, this hat-trick of conditions has set the stage for the strongest ever spring sellers' market as the average price of property coming to market breaks the £350,000 for the first time.
As an industry, our hearts are with all those impacted by the crisis in Ukraine and we are all coming together to unite and do whatever we can to help.
Newly released research from Halifax has revealed that the monthly housing costs for first-time buyers are now £115 or 13% lower than the cost of renting an equivalent home, with the difference potentially adding up to more than £27,600 over a 25-year mortgage.
While demand remains at record levels and supply tight, the Bank of England's decision last week to raise the base rate to 0.755 is a step closer to normality for the UK housing market, according to the latest insight from Knight Frank.
Concerns regarding the energy crisis and a growing desire for more sustainable living are now guiding the way Brits are making home-moving decisions, according to new research carried out by the Home Builders Federation.
National estate agent, Jackson-Stops, takes a look at the UK property market's annual 'spring bounce' and reveals the extent to which the property market tends to bloom at this time of the year.