Lettings

Jackson-Stops thinks house prices will dip in some markets next year, before returning to positive growth in 2024.

Zoopla expects rental price growth to calm down next year, despite continued low stock levels and high tenant demand.

'The downturn in the housing market this time could be shallower compared with past experiences,' says Simon Rubinsohn, Chief Economist at the Royal Institute of Chartered Surveyors.

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Demand for rental homes is rising as some would-be buyers pause to see what happens with mortgage rates in the new year, says Rightmove.

Knight Frank has flagged a clear increase in high-value properties hitting the rental market since the ill-fated 'mini Budget'.

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'We are on the cusp of seeing the sales market hand back purchasing power to buyers,' says Propertymak, 'which is a trend we haven’t seen in months as the market was very much in the seller’s favour.

Foxtons is reporting an 'unusually busy' end to the year for the capital's rental market.

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A 28-month run of rising house prices has come to an end, reports the RICS, as buyer demand tails off and transactions stall.

House prices crashes have been rare in the UK, says JLL's research chief, Marcus Dixon - and average prices have never slumped by more than 20%.