Cushman & Wakefield Residential Core Markets: 16.06.20

In the past fortnight residential sales in core UK cities have exceeded early year levels, and in most cases are above the same period in 2019. Providing finance can be obtained by buyers, this trend looks set to continue, with online views per property at high levels in all cities. This unexpectedly high level of demand should under-pin prices moving forward, with another early indicator being the gradual reduction in available property which has been reduced in price. Available rental stock levels remain stable in most markets, except for London, where ‘To Let’ stock appears to be increasing rapidly. However, based on historical comparisons, rental prices should remain relatively strong. Our included example analysis of rental prices during the Global Financial Crisis clearly shows a resiliency in rental pricing during market downturns, compared with house prices.

Please click HERE for the full databook.

If you have any questions or would like to be added to the initial send-out list, please do feel free to contact me – lee.layton@cushwake.com