Economics

Savills' latest buyer and seller survey highlights how prime property buying intentions are evolving.

Rents and capital values of prime property continue to rise despite increasing interest rates and geopolitical uncertainty.

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

There is a lot of bad news out there right now and the property market will not be immune from interest rate rises and inflation, writes LonRes chairman William Carrington…

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

"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."

The Bank of England expects interest rates to climb to around 2.5% by mid-2023.

“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.

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

House price inflation is likely to "unwind" back to single figures across the UK, predicts Knight Frank, although Prime Central London is set for higher price growth as global travel resumes.

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

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