Home purchase offers are being accepted at record rates in UK property markets as traction returns and downwards pressure on prices eases.
According to a new Daft.ie Housing Market Report released today, residential sale prices rose by an average of 3.7% in May 2020, having fallen by 5.5% in April 2020.
The total potential spend for all residential buyers registered with Knight Frank in London was £52 billion.
As most of the world's economies are reeling from the impact of the corona crisis, the effects on the European rental markets are starting to show - with previously accelerating rental prices coming to a stop.
Covid-19 and the knock-on impact of the government lockdown, will result in 56,000 fewer homes being delivered this year, representing a 35 percent drop.
Knight Frank is now forecasting the UK's housing market to decline 38 percent from 2019's home sales, to an estimated 734,000 transactions for the full year (2020).
Ireland property portal Daft.ie's newly released Property Sales Report says the number of homes listed for sale in Ireland has fallen dramatically, in the wake of the Covid-19 pandemic and the restrictions of everyday life.
Irish property listings site Daft.ie is reporting this week that home rental supply is significantly rising based on the spike of listings posted in March 2020.
The political certainty generated by the general election result produced the highest monthly number of property exchanges in Prime Central London (PCL) in December 2019.
Four years after the UK voted to leave the European Union, creating much uncertainty since then for London's property market, Brexit has finally happened.
The headline rate of the UK's house price growth continued to slow through 2019, leaving annual house price growth for the UK 0.7% at the end of October 2019, down from 3% at the same point last year.
Prime regional country house prices in the United Kingdom were unchanged in the final three months of 2019, taking the annual change in values to -0.8%. Prices have been flat or declining for the past three years.
Home prices in Ireland fell by 1.2% during 2019, the first calendar year recording a fall in prices since 2012. The average price nationwide in the final quarter of the year was €250,766, 2.4% lower than in the third quarter and 1.2% lower than a year ago.
According to global real estate consultant Knight Frank, home prices across 56 countries and territories worldwide are rising at an annual rate of 3.7% on average. This marks the index's slowest rate of growth for over six years.
Ireland home prices in 2019 grew by 1% year-on-year and 715 properties were sold so far this year that are worth €1m or more.
According to recent numbers from Capital Value, the Netherland's transaction volume of the residential investment market will once again reach record levels in 2019. While a record of 8.5 billion euros in investment was reached last year