The Market

It feels like backs are moving closer to the wall inside Whitehall, says Knight Frank's head of UK resi research.

Latest figures show declines have ranged from -9.6% in Bayswater to -26.3% in Earls Court since the peak; market now an 'attractive value proposition', says major agency.

'Buyers have a will and a way to buy a property, but not at any cost and they remain price sensitive,' says Garrington.

Government confirms 'tweak' to the Finance Bill, but insiders warn it could be 'too little too late'.

Matthew Pennycook has signed regulations to 'remove the two-year ownership rule for leaseholders of flats to extend their lease, and leaseholders of houses to extend their lease or buy their freehold.

Suburban & inner commuter regions have shown some resilience, but prices continue to correct in second home hotspots, reports Savills.

Valuation firm collaborates with real-time data firm, LSE professor & top buying agency to track market movements since 2000, reflecting location, size & tenure.

A slow start to the year continues in prime London.

'We are going to propose to ban non-EU foreigners from buying houses in our country,' said Pedro Sánchez.

Daniel Daggers will discuss what international expansion means for brokerages at the Inman Connect Conference in New York this week; as his luxury-focused firm reports a 70% rise in US buyer searches.

'Huge demand' from tenants drove rents up for every Benham and Reeves office last year.

Those able to hold their nerve could capitalise on the current mood of uncertainty & high levels of quality stock, says agency.