International real estate consultant Knight Frank announced this week that this is not a typical summer for the London Stock Exchange.
Prices are recovering since the April 2020 closure and record highs in high-income areas and space. In places like Islington and Dulwich, the problem is that supply is not enough to meet growing demand as the market opens up.
At the same time, prices in central London are flat or slippery due to limited travel and logistics problems. For the rest of the year, all eyes are on the outside world, including the vaccination rate and the UK healthcare market. Prices outside London began to recover after a low price in April 2020.
Areas including Wands worth, Richmond, Dulwich, and Islington reported monthly growth in July as they benefited from a flood of demand from seeking families.
Prices outside London have become volatile since the market opened in mid-May as they sought more space. The housing market has risen to five billion and more due to a lack of supply and the inability of consumers to quickly measure the negotiating shelf. Parts of London and many green spaces benefit for the same reason.
“The problem is that there are not enough family homes in some areas of London,” Tom Bill Knight, director of British housing research, told Frank. “Demand for outdoor space is very high, although we don’t know how long it will take, which means family vacancies have returned.”
When the recovery state in central London recovered after the arrest, no recovery was observed.
Average interest rates in central London fell 0.1% in July to 1.7%. Areas such as Mayfair, Knightsbridge, Kensington, Chelsea, and Notting Hill were flat in July.
In extreme cases outside London, the quarter grew 1.1% after a 0.2% monthly increase. The average interest rate on PCL and POL fell by 5% per annum until July.
The cheap market also benefited from the effects of the temple season, which the Chancellor announced in early July. We will investigate the impact in more detail in the coming days.
There are more jobs on the other side of the capital during the summer holidays than usual.
The number of payments received in the week ending 1 August was 132% above the five-year average. This is the largest increase in a week since the market opened in mid-May and shows whether the non-toxic working hours of Covid-19 will change by 2020.
Similarly, the number of new customers registered in London on the same day was 80% higher than the five-year average, but sales orders increased by 40%.