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Many buyers are now looking for a home that's in a more vibrant location, and this has driven more interest into prime regional towns and cities. Across these markets, prime prices have actually keep pace with those in village and rural areas with average annual growth of 4.9% compared to 5.2%.
Frances Clacy
The events of 2020 prompted a dramatic shift in lifestyle and priorities – and extraordinary demand for prime residential property. While the regional markets and commuter belt benefited from the desire for more space, activity in prime central London was put on hold as international flights were grounded. But there are now signs of recovery in that market as well.
As restrictions ease and these lifestyle drivers continue, can the regional markets keep up with demand, and will the capital regain its buzz?
On Thursday 27 May, we hosted a webinar to address these key questions. Justin Marking was joined by Lucian Cook, Head of Residential Research, Frances Clacy, Associate Director, Residential Research, and our panel of experts to reflect on trends in the market and discuss what’s next for prime residential property.