Sales
Home-buyer demand across England dropped 9% in Q4
'The pandemic-inspired property boom is being brought well and truly back down to earth,' says GetAgent after assessing the proportion of homes listed for sale that have already found a buyer.
Mortgage approvals drop to lowest level since June 2020
Fewer house purchase mortgages were approved in November 2022, as interest rates climbed.
Rightmove reports strong ‘Boxing Day bounce’ as new property listings jump 46%
'We’ve seen some promising activity and familiar patterns over the festive period this year, which are good signs for the year ahead,' says property portal.
2022 ends with a bang as top-end buyers go last-minute shopping
'It seems Christmas is no reason to slow down at the top end of the PCL market', reports LonRes MD.
Scottish country houses move back to ‘a healthy, normal market’
Knight Frank brought in 50% more Scottish country house sales instructions in November compared the five-year average.
US billionaires splashed over £600mn in London’s top postcodes last year, with more to come in 2023
Ultra-wealthy Americans spent a record amount on luxury PCL homes in 2022, and are tipped to continue dominating the super-prime property market in the year ahead.
‘High value properties continue to outperform across the board’ as equity-rich & mortgaged markets diverge
Prime Central London's property market is looking resilient in the face of the economic downturn, says Savills.
Prime London property prices are ‘in a holding pattern’ until Spring
Knight Frank saw a sharp drop in offers bing made on prime London properties towards the end of 2022 - but offers accepted and exchanges were well up on previous years.
Tom Bill: The ‘great recalculation’ will have to wait until 2023
Rarely has the current state of the UK property market been such a poor guide for what happens next, says Knight Frank's research chief.
Prime Recce: How Knightsbridge is regaining its lost shine
After losing ground to other parts of PCL over recent years, London's glitziest district is polishing up nicely;
Home-buyer demand has fallen by 50% as the race for space ‘runs out of steam’
London property prices have fallen over the last five years and are likely to drop further in 2023, says Zoopla.
‘A very different market’ is emerging as we head into the new year – Garrington
A 'widespread repricing' is underway as home-buyer demand falls away, reports buying agency.