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Prime Residential Property Forecasts

UK Residential – 18 August 2021


Autoren: Lucian Cook , Frances Clacy

Reihe: Savills Spotlight

Anbieter: Savills

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  • Erscheinungsdatum : 18.08.2021
  • Seiten : 2 Seiten
  • Datei-Typ : PDF-Datei
  • Größe : 1,34 MB
  • Sprache(n) : Englisch

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Realistic expectations crucial to market momentum

Following four consecutive quarters of robust house price growth, the prime regional markets of the UK have seen values increase by 8.5% over the past year on average. This is the highest annual figure for more than a decade.

The experience of the various Covid-19 lockdowns caused many affluent buyers, often those with some existing housing wealth, to search for a larger home. Savills has also seen people make lifestyle and relocation moves to be closer to family, while others have prioritised quality of life choices above more rational and traditional homemover choices.

This means well-priced properties have been selling quickly, and those in the most sought-after markets have often attracted competitive bidding. At the same time, some sellers have been reluctant to bring their property to the market. In part, this has been due to concerns around the risks of Covid-19. However, a lack of available properties for them to buy has also been a factor, leading to a distinct lack of stock across much of the market.

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