The Market
Property price cuts on the rise as higher mortgage rates ‘hit buying power by up to 20%’
The average asking price discount has climbed to 3.8%, says Zoopla, as one in six vendors accept offers at least 10% below their initial asking price.
Tenant enquiries surge as London’s ‘Lettings Season’ kicks off
Chestertons reports a dramatic increase in rental market activity, warning tenants of a 'highly competitive' market.
Riverside Rules: House prices near inland waterways outperform seaside locations
Jackson-Stops has taken a deep dive into waterside property price premiums, highlighting a sharp increase in values over the last five years.
Property service charges have risen by an average of 52% in the last five years
Service charges surged as improved fire safety measures were introduced in the wake of the 2017 Grenfell Tower tragedy.
Children of the Revolution: How the Millennial & Gen Z generation have impacted the luxury property sector
'The rise in private wealth amongst the Millennial and Gen Z generation has the potential to completely re-shape luxury property for the future,' say members of the Luxury Property Forum as they identify…
Monday Market Review: Key figures & findings from the last seven days
Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from Beauchamp Estates, ONS, The Buying Solution, OnTheMarket, Knight Frank & more...
‘We are now seeing cautious confidence returning to the market’, says London agency
Chestertons reports more buyers offering on properties and more sellers coming to the market in the capital.
Industry Reactions: Bank of England raises base interest rate to 5%
'If we don't raise rates now, it could be worse later,' explains Bank of England chief, as interest rates climb to a 15-year high.
Why successful property transactions require difficult conversations
In this kind of market, decisions on price adjustments need to be executed swiftly by clients - which is easier said than done, explains Nic Pejacsevich.
‘The property market looks set to remain a deal makers market’, says buying agency
Garrington rounds-up some of the big property market indicators and indices to give a buyers-eye overview of the market in June.
Abrahmsohn: Why clobbering private landlords is folly
Beware, warns veteran agent Trevor Abrahmsohn, the Four Horseman of the Property Apocalypse are saddling up and ready to go...
Annual house price growth slowed to 3.5% in April – UK HPI
London continues to have the lowest rate of annual house price growth of any UK region - but the capital saw a 2.1% jump in sold prices from March to April.