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UK Property Sales Picking Up Steam 03.06.20Zoopla is reporting that interest in properties for sale has bounced back to exceed pre-lockdown levels, two weeks after the Government eased restrictions to re-open the market. The release of pent-up demand from the 13th May pushed “active engagement” in properties…
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Review of Stamp Duty and Land Tax Required 01.06.20
Recent data produced by HM Revenue and Customs shows half the number of residential properties were sold in May compared with a year ago amid coronavirus lockdown measures. A total of 46,230 property transactions were completed during the month, down…
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High End US Housing Market Most Affected by COVID 27.05.20
Property broker Redfin is reporting between mid-March and mid-April 2020, the new supply of homes for sale over $1 million fell 29 points from the year prior. As of March 15, there were 66,528 homes for sale priced at or…
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London Buyers Prepared to Spend 20% More 20.05.20
The coronavirus pandemic may have stalled real estate transactions across London, but buyers haven’t disappeared; they’re just waiting in the wings, according to a report Monday from Knight Frank. As of May 5, the combined budget of all potential buyers…
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Rental Market in London Picking Up 13.05.20
Knight Frank is reporting this week that demand for London rental property has picked up in April 2020, as prospective tenants begin to plan for life after the lockdown. In the first week of government restrictions, the number of new…
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Homeownership Dropping Globally 06.05.20
Homeownership has dropped across the world, as 22 of the 36 most developed countries experienced a decline in the past 10 years, latest research from Swinton Insurance has found. The UK and Ireland saw the steepest decline of all, of…
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Coronavirus Effects Could Reverberate for Decades 30.04.20
The impact of coronavirus could be felt for decades, as debt burdens rise and people push back from globalisation, comment industry experts. We are also likely to see the biggest fall in GDP since the Second World War, as a…
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Disruption in Dubai 15.04.20
Dubai’s real estate market displayed several encouraging signs over Q1, including an annual rise in sales volume and a slowdown in the pace of value declines across the Emirate. “This positive sentiment, however, is likely to be tempered in the…
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Marching On 09.04.20
Property prices were stable in March, but with market activity falling drastically thanks to the coronavirus outbreak, it remains to be seen if they hold up. February 2020 saw a record high for house prices at an average of £240,461…
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