News
Icy cold in Central London property sales
UK property market has normalised outside large cities with sales rates of 47% but London is icy cold with sales rates as low as 13%
18 Sep 2020
Prime London listing frenzy but sales are low
Since June London agents have listed 13,000 properties over £1m in value but sold only 2,100 properties.
11 Sep 2020
Well stocked!
Stock levels in London have increased +47% since May, dramatically higher than the rest of the UK (+18%), creating a competitive environment for sellers.
6 Sep 2020
Northern rollover
Listings slowing fastest in the North of England, lending conditions tightening and Asian buyers returning to London.
28 Aug 2020
Most high value properties aren't selling
Sales rates for properties valued £2-5m are 33% at the moment, meaning most property that comes to market withdraws unsold.
22 Aug 2020
LoveFilm co-founder backs estate agency start-up in £600,000 funding round
Movewise has listed more than £60m worth of property in the UK in the past year
17 Aug 2020
Busy summer, cautious outlook
Lower end of the market is extremely active with volumes up significantly year-on-year and a high sales rate. Prime is more challenging.
15 Aug 2020
Bottoms up! (But rolling over at the top)
Market is strong at lower values, driving average house price growth up, but the top of the market is soft and forecast to decline.
7 Aug 2020
Its all about the garden
Summer and Covid has made outside space even more important to home movers. Those with it are selling much more easily than those without.
1 Aug 2020
West Londoners list and head for the beach
Major west London boroughs see twice the volume of prime stock hit the market than the rest of the UK.
25 Jul 2020
Strong, even supply growth, uneven demand
Listings volume +230% last 2 months across all price categories. Demand at the lower end softer as mortgage lending tighter.
17 Jul 2020
Stamp duty cut saves buyers up to £15,000
Activity remains at the lower to mid-levels. Prime activity is lower but those applicants that are active are real.
10 Jul 2020
Prime property buyers thinning out
Few new prime buyers are entering the market, so active applicants are all already listed with agents. Relisting is required to maintain viewing momentum at the top end of the market.
3 Jul 2020
First time buyers holding up prices
First time buyers are keenly purchasing property with outside space. Investors have backed off waiting for a softer market later in 2020.
26 Jun 2020
Viewings slow as buyers back to work
In-person viewings slow down as pent up demand eases and buyers go back to work. Prices remain firm and listing volumes normalised.
19 Jun 2020
Listings back to pre-covid level
Listings fully recovered to pre-covid level. Demand from buyers is high but patchy, 3D virtual tours working well. Significant delays in mortgage valuations being booked in.
12 Jun 2020
Prices retrace, listings catching up
UK house price index fell -1.7% from April to May, largest mom drop since 2009. Whilst this sounds bad, so far it represents only a retracement of strong "up months" in March and April . Buyer enquiry volume is high but viewing volumes are 50% of what they normally would be due to safety restrictions. 3D tours remain popular. Seller listings volumes now only -26% below February as sellers continue to re-engage.
5 Jun 2020
Catch the demand surge before supply arrives
Lots of enquiries with phone "ringing off the hook". Large surge in pent up listings last week pulled back this week. Offers are currently high quality but seeking a discount.
28 May 2020
The bounce off the bottom
Listings off the bottom. Now -55% down from pre-covid level. Strong rebound in listings the South: London back to early January levels. Some buyers trying to renegotiate prices but relistings are seeing lots of interest (virtual and physical) - don’t be hustled!
22 May 2020
Property market reopens - top 5 tips for sellers
Last night the government lifted restrictions on the estate agency sector permitting viewings. Here are our top 5 tips for sellers in light of this.
13 May 2020
Listings off the lows
Listings are up +30% week-on-week off the lows. Still -74% down from February. Agents awaiting announcement for indications on when they can host viewings. Buyer enquiries are rising.
8 May 2020
Property market warming up
Daily listings are 83% lower than February. Agents are seeing buyers (cash and low LTV) coming back to the market. Listings creating shortage of property on the market - sellers get prepared.
1 May 2020
Property site BestBid, founded by Tom Scarborough, raises £500,000 funding
A property technology start-up that lists a customer’s home with successive estate agents until it is sold has raised £500,000 of seed funding.
21 Apr 2019
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