41% of agents report the average property deal now takes more than four months to complete

Prime London Market Snapshot: Knight Frank's latest indices tell of a significant mismatch between property supply and demand in both the sales and rental markets.

Property prices may prove "resilient" in the face of rising interest rates and costs of living, but transaction numbers are "likely to slow as the year wears on," warn surveyors.

After two years of punchy growth, house prices in 25 regional market towns have fallen by an average of 2% in the last 12 months.