Sales

Knight Frank's research team assesses what the Bank of England's slashed forecasts mean for the property market.

One in six local areas across Britain now has an average house price in excess of £500,000, says Savills.

After a period in the doldrums, prices across Greater London are now rising at their fastest rate since June 2016, reports Acadata

"It seems that limited supply available on the market, coupled with steady demand growth, are still the overriding drivers of house prices," says the RICS' chief economist.

Sales enquiries across Chestertons’ 32 branches were up by 39% last month

Coastal homes have seen asking prices rise by 13.9% on average over the last year, outpacing the national average of 9.9%.

“Having taken stock during the first three months of the year people are now coming to market and being decisive," says Russell Grieve, office head at Knight Frank Haslemere.

London living is certainly back in fashion, writes David Johnson, but the acute supply and demand imbalance is making for challenging buying conditions…

A longstanding feature of high-end listings, ‘price on application’, is on the way out after Trading Standards deemed the term both ‘misleading’ and ‘unlawful’.

The total value of UK homes sold in 2021 was 37% higher than in 2020.

"Underlying fundamentals suggest house prices are reasonably priced at current levels," says Neal Hudson, but "the fundamentals may be about to change – potentially quite quickly."

Competition for family homes in Edinburgh is "fierce", says Knight Frank, while flats have "found renewed popularity after a pandemic-inspired hiatus.