U.K. Price Growth Picks Up the Pace

London Rental Inquiries Rose After Lockdown Road Map Announced

London rental inquiries jumped after the U.K. government announced a plan for guiding the nation out of its current coronavirus lockdown, according to analysis by estate agent Chestertons. In the week after the announcement, rental inquiries in the capital city were up 8%, the number of tenants registering to find a new home rose 7%, and the number of tenants making offers for new rental agreements increased 20%. “The market has understandably been a lot quieter since the national lockdown was imposed on Dec. 26,” said Guy Gittins, chief executive of Chestertons. “But prospective buyers reacted quickly and positively when the government announced the easing of restrictions.

Vancouver Real Estate Market Notched Strong February

The Greater Vancouver real estate market appears to be pandemic proof—and a seller’s paradise. The latest data the Real Estate Board of Greater Vancouver found that sales in February were up almost 43% over the 10-year average for the month, while the median price for all residential properties in the region rose 6.8% year over year to C$1,084,000 (US$857,514). What’s abetting this strong market for sellers? Limited supply. While sales surged over the 10-year average for February, homes listed were down 21% over the same time period. “The supply of listings for sale isn’t keeping up with the demand we’re seeing,” said the board’s chairwoman Colette Gerber. “Competition amongst homebuyers is causing multiple-offer situations and upward pressure on prices.” Vancouver Sun

Glasgow Home—Built for Bathtub Lovers—Lists for £1.15 Million

Currently serving as a guest house, The Alamo in Glasgow, Scotland, is now available for purchase as a single-family home for £1.15 million (US$1.6 million). Located on the edge of Kelvingrove Park and trendy Finnieston, the sizable home, which includes a private moated garden, comes with one unique (and hygenic) feature—every one of the properties 10 bedrooms comes with its own freestanding bathtub. Glasgow Live

Miami Luxury Condo Sales Rose 130% in January

According to the Miami Association of Realtors, sales for existing Miami luxury ($1 million and up) condos rose 130.6% year-over-year in January, as buyers took advantage of record-low interest rates, Florida’s lax tax laws and remote-working opportunities to snatch up homes in the area. But condos weren’t the only triple-digit winner among Magic City luxury properties—sales for single-family Miami luxury ($1 million and up) homes jumped 114.1% year-over-year in January. World Property Journal

Article Source: Mansion Global