Find The Right School

Town or Country? - Finding your next home | Chris Druce Senior Research Analyst Knight Frank

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Knight Frank analyst Chris Druce discussed the rollercoaster year prime property has experienced in both the UK and abroad and the drivers behind it.

Key talking points:

  • Strong demand for space and tight supply has supported strong price growth in the lead up to the stamp duty holiday deadline.
  • The time a property spends on the market from listing to having an offer accepted has halved in the past year.
  • While the rural market has enjoyed a record-breaking year, activity levels have remained high in London with suburban areas offering more space and greenery performing strongly.
  • Areas to consider for investment: W2 in London and the East of England outside the capital, which both offer good relative affordability and are in demand.
  • Working from home and the adoption of hybrid working is redrawing the traditional commuter belt.
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