Prime UK Residential - Spring/Summer 2022
So many of us have changed our lifestyles since pre-pandemic times. Some have made small adjustments to their homes while others have embarked on full-scale transformations to the way they live their lives.
2020 and 2021 told the story of the revival of the country house, the ‘race for space’, and the draw to urban villages too. Today, the frenzy we saw in the regional markets has subdued somewhat, but we’re still seeing competition for new stock brought to the market.
And it’s encouraging to see so many cities around the UK buzzing once again and their prime property markets resurgent. In particular, the prime central London market recorded its best ever start to the year. While domestic buyers continue to make up the lion’s share of activity here, we’re seeing the comeback of the international buyer too.
Of course, it would be remiss to ignore the threat of economic pressures both in the UK and around the world. To date, the prime property market has been largely insulated against pressures that include the higher cost of debt, rising inflation, increased energy costs and the geopolitical uncertainty that has unravelled globally. But, will some still be left questioning whether we are in for a rude awakening? Lucian Cook gives us his thoughts on page 4.
With gardens and outside spaces springing back to life at last, and property looking its best both inside and out, you might be thinking that now is a good time to bring your home to the market. Our latest Prime UK Residential report gives the facts, figures and perspectives you need to make your next property decision. Whether that’s selling, buying, letting or renting, we’ve got you covered.