The Market
Housing transactions to slump to lowest level since 2012 – Zoopla
And house price growth has slowed to a "virtual standstill", reports property portal.
Mortgage borrowing continues to slide
Fresh data from UK Finance and the Bank of England shows a sharp decline in property lending.
Land values see biggest decline on record as economic downturn bites
A major survey of housebuilders confirms “growing concerns” within the sector over the short-term outlook for the UK economy.
Cash buyers swoop on PCL trophy homes in summertime super-prime sales flurry
“A successful run of historic trophy house sales in the capital’s prime locations reflects an increasing buyer appetite and confidence," says Noel De Keyzer, Head of Savills Knightsbridge.
Labour rules out new wealth & mansion taxes
"I don't see the way to prosperity as being through taxation," says Shadow Chancellor Rachel Reeves.
PCL ‘residents club’ targets out-of-towner tenants amid ongoing rental market mayhem
The Other House launches 'market first' stay-as-you-choose service as an alternative to traditional renting.
‘Despite the evident market rectification, there’s an emerging robustness’ – Garrington
Buying agency senses "renewed optimism" brewing for the UK economy and property market.
Why building more high-end homes is good for London
"In general, building new market-rate homes makes other housing more affordable," concludes a recent report by the Greater London Authority.
Global luxury house prices recover as rate uncertainty eases
"Price adjustments in many markets are likely to be less pronounced than was expected even three months ago," says Knight Frank.
From avoiding work to listening to the dinner party set: Seven of this summer’s big prime property trends
'Emotions are running exceptionally high', report acquisition specialists, as uncertainties play out in buyer behaviour across the land.
Ongoing ‘consent crunch’ threatens new-build supply
New home completions unlikely to exceed 225,000 homes in 2023, says Savills, amid 'difficult' development conditions.
Countryside house prices outpace coastal hotspots
"Buyers who are being priced out of the seaside are diverting their search to nearby countryside spots," suggests eXp UK.