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London property market enjoys strongest ever half-year, Chestertons says
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Guy Gittins, CEO of Chestertons, added that May’s market performance stood out because of the “rare scenario” of supply meeting demand. Chestertons’ branches had 38 per cent more properties on the market compared to May last year, whilst the cumulative number of buyers entering the market is up 31 per cent year to date.
“Normally, the UK’s housing market demonstrates a clear imbalance between these two indicators with demand often outstripping supply. This has helped to translate demand into actual sales, with us seeing a 9 per cent increase in sales in May compared to April,” Gittins said.
Viewings at a five-year high
So much for the pandemic exodus: Home sellers confidence grows while WFH drives suburb popularity
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London has brushed off fears its population plan to leave en-masse, however home working has influenced where workers would like to live in the capital.
Much has been made of the ‘London exodus’; the idea being that professionals who are no longer obligated to sit at a desk for five days per week would rather swap a small London flat for a large house with office and garden space outside of the city, possibly all for a smaller price.
But fears that London has become an unattractive place to live appear to be overblown, according to experts.
England s most in demand neighbourhoods – where bidding wars are driving up house prices
In the London borough of Kingston-upon-Thames there are 26 buyers for every property listing
18 May 2021 • 6:00am
Clockwise from top left: Dore in Sheffield, Stoke Row in South Oxfordshire, Angel in the London Borough of Islington and Stow-on-the-Wold in Cotswold
Credit: Alamy/Tony Mitchell
In this new three-part series, we take a look at the neighbourhoods where buyers are fighting hardest to buy homes across England, Wales and Scotland. First, the most in demand markets in England
The property market is undergoing a well-documented boom. But where are buyers battling most ferociously to secure their dream homes?
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