The Market

The Adam Smith Institute believes the share of the UK population who are US dollar millionaires will fall by a fifth over the next four years, thanks to 'a hostile culture for wealth creators'.

Annual change of 1.1% was recorded in PCL in September, the first time the figure has been below 2% since mid-2021.

Fresh LonRes data show sales market activity is up on last year, while lettings is down.

Effects of base rate decisions finally 'filtering through' to activity levels, new analysis suggests.

Knight Frank's head of UK resi research explains the latest market movements across the prime postcodes, and looks at how things might unfold over the coming weeks.

Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Benham & Reeves, Halifax, Zoopla, Savills, Knight Frank, LonRes & more...

'Rate cutting is supporting rising house prices globally,' says Knight Frank, as three-quarters of international property markets saw average property values increase in Q2.

Zoopla's latest index tells of a sharp rise in home-buyer demand, pushing house price growth into positive territory.

'Best-in-class stock is still moving quickly, but broadly there is much less urgency in the market,' says Savills.

Listings in the PCL neighbourhood are taking an average of 135 days to find a buyer, new Rightmove analysis shows.

As a 'painful' Autumn Statement looms, Black Brick boss Camilla Dell shares her views on what the Chancellor should address.

'Interest rates simply haven’t fallen as quickly as many buyers may have hoped, so there remains a sense of buyer hesitation across the market,' says GetAgent after trawling Rightmove data.