Sales

While house prices have risen by 6.1% over the last two years, the price of flats has fallen by -0.9%

Catch up on all the latest market movements in less than five minutes, featuring data and analysis from LonRes, Knight Frank, Savills, Rightmove, Zoopla & more...

"The property markets in central and outer London are increasingly on different trajectories," says Knight Frank, as the latest market indices shine a light on sales and lettings trends.

Auctions have seen a surge in popularity over the last few years, with an increasing number of prime properties going under the hammer.

The latest Bank of England data show a slight drop in mortgage approvals.

Surging house price inflation has pushed 4.3 million homes into a higher stamp duty bracket since the start of the pandemic, estimates Zoopla.

“With the market as competitive as it is, motivated buyers can ill afford to reduce budgets, despite rises to mortgage rates and household bills," says Savills.

Rightmove charts which UK cities have seen the biggest leaps in average asking prices in the last 12 months.

Influential forecasting house expects average property values to drop by 5% overall through 2023 and 2024.

Estate agencies sold an average of 46 properties in 2021 - seven more than in the previous year.

Renewed appetite for apartments may tempt some reluctant sellers to list their properties, suggests LCP

Where is all the stock; what will happen to prices; and which areas are buyers flocking to right now?