Sales
Inflation data proves inconclusive for UK housing market
Financial markets expect further rate hikes but the significance for mortgages is less clear, explains Tom Bill.
£1mn-plus market stays strong in UK’s ‘most searched-for’ region
High-end homes in Scotland continued to attract strong interest and premiums in the first half of 2023, reports Savills
‘Only the more serious homebuyers & sellers are remaining proactive active in the market’ – Propertymark
The number of property viewings has plummeted, reports estate agency trade body.
Monday Market Review: Key figures & findings from the last seven days
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Rightmove, Foxtons, LonRes, UBS, Knight Frank, Acadata & more...
August sees ‘much larger than usual price drop’ – Rightmove
Average UK asking prices are now 2% lower than at their peak in May - but remain nearly a fifth higher than in August 2019.
Deals drying up in Prime London as sales market goes into holiday mode
Last month's activity was on the low side, even by July standards, and there are signs the £5mn-plus market is finally beginning to buckle.
‘Business as usual’, reports OnTheMarket, as buyers & sellers show ‘remarkable resilience’
Over three-quarters of active buyers are confident of moving forward in the next three months, according to the portal's latest survey.
House price growth slowed further in June ‘but the fall was gentler than we have seen in previous months’ – UK HPI
The average UK house price was £287,546 in June 2023, which is £5,000 higher than 12 months ago, but £5,000 below the recent peak in November 2022.
Ranked: Britain’s strongest buyers’ Vs sellers’ markets
Bristol dominates a list of areas where homes are selling fast, says Rightmove, while London enclaves (including Knightsbridge) are the top sellers' markets.
PCL’s ‘best-in-class’ homes are still going to sealed bids
Negative sentiment has led to fewer sellers and a lack of supply across most of Prime Central London - and particularly between £5mn and £10mn, reports buying agency.
Annual house price growth at lowest rate in 11 years
Transactions have also slid, and were at their lowest level since the GFC in H1, reports Acadata.
All that glitters is not gold: James Holroyd on navigating London’s new-build property market
"'Buy in haste, repent at leisure' applies throughout the property market – but especially to new builds."