Properties in the high-value Mayfair area stay on the market for 244 days on average, the slowest of all.

Doug Shephard, director at home.co.uk, added: “It is highly noteworthy that, despite the COVID-driven exodus from central urban areas, the more leafy suburbs of London remain highly popular with homebuyers.

Parts of England have been plunged back into lockdown after Prime Minister Boris Johnson announced new measures to help combat the coronavirus pandemic.

Data from Legal & General has found that 56% of first-time buyers aged under 35 have received financial support from the ‘Bank of Mum and Dad’ (BOMAD).
Nearly three-quarters (71%) of new homeowners aged under 35 would not have been likely to buy without financial help from family or friends.

New figures released this morning give weight to calls for the complete scrapping of stamp duty. The data shows there have been 20,238 transactions since the SDLT holiday was launched with a sold value of £6.7 billion.

As many as 85 percent of these transactions have fallen below the £500,000 price threshold and paid no stamp duty thanks to the holiday.

At 51%, current buyer demand levels are at their highest since the start of last year, up 9% annually and 8% in the last quarter, according to GetAgent.co.uk’s latest Homebuyer Demand Hotspots Index.

The absence of good alternative investments and the modest pace of capital growth for property in recent years are thought to lie behind a new trend for landlords to hold on to buy to lets for longer than ever before.

A mere seven weeks after the final games of the 2019-20 season, the Premier League has returned for the 2020-21 season. Last season’s games were severely delayed due to the Coronavirus pandemic with most games being played behind closed doors. While it appears there’s still a long road ahead before the football league stadiums are allowed to welcome the team supporters back through their gates, new research has highlighted some clear early winners in a completely different, but related, competition – the football stadium house price league.

The cost of moving home has fallen by almost 40% from 10,911 before the stamp duty holiday came into effect in July to £6,669 after, saving the average homebuyer and seller £4,242 according to reallymoving’s annual Cost of Moving research.