Sales

"Sellers increasingly understand that we are in a new norm"

On a street of 100 properties, an average of just over three were sold in the capital last year - the lowest proportion of any region in England and Wales...

The number of home movers has dropped by 42% since 2007, according to the Intermediary Mortgage Lenders Association

New listings in May were up by over 50% on the same month last year, reports HouseSimple, with notable increases seen in Chichester, Oxford and RBKC...

It currently takes an average of just 45 days for a seven-figure listing to secure a buyer in Cambridge, reports Rightmove...

Bayswater-based agency Kay & Co has received almost 400 enquiries from Chinese property hunters in the last three months

There's still plenty of competition for best-in-class stock, warns buying agency, as purchasers increasingly take a long-term view...

Spike in price reductions as more properties are offered for sale

There's a 'demand mismatch' between recorded sales volumes and current property portal listings, says Cushman & Wakefield

Vendors being forced to accept greater discounts to achieve a sale, says Hometrack

There's 'renewed vigour' at the very top of the market, with £10m+ pricing bottoming out at the start of this year, says Knight Frank - but values and volumes are unlikely to rise much in the short term.

Demand for properties in Chelsea 'has strengthened notably over the last 12 months,' says Knight Frank, 'and we now frequently see competitive bidding for well-priced properties'