The Market
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 Jackson-Stops, Foxtons, Chestertons, Knight Frank, Savills, Prime Purchase & more...
Political spat erupts as Prime Minister ‘steps in’ to tackle London’s housing problems
Rishi Sunak has outlined a plan to build more homes in central London, in a move that Mayor Sadiq Khan has dismissed as 'pathetic gesture politics'.
Southern England ‘bears brunt of house price falls’ as buyer demand drops – Zoopla
Zoopla expects average UK property prices to be 5% lower by the end of the year - but that would still be 15% higher than pre-pandemic levels.
Mortgage sales have slumped 42% so far this year
New analysis shows London and the South East have seen the biggest declines in mortgaged transactions.
Lloyds reins-in house price slump expectations
Lloyds Banking Group now expects average UK house prices to end 2023 5.6% lower than they started the year, with a 'best case scenario' of -3.3% and a 'severe downside scenario' of -9.3%.
Local short-term let rules are the only way to ensure balance – Propertymark
Regulation could help, but construction of more homes 'remains the real solution', says property industry trade body.
What impact is rate hiking uncertainty having on buyers?
Buyers are finding it difficult to plan without surety about how high interest rates will climb, says Knight Frank.
Prime country houses post biggest price drop since the GFC
...but high numbers of cash buyers are keeping the top-end moving.
Ollie Marshall: The devil is in the detail
Recent months have been filled with doom & gloom, but there is no sight of the four horsemen of the apocalypse galloping through Sloane Square just yet...
Over half of all homes in the UK’s private rented sector need upgrading to hit the target EPC – Savills
A lot of progress has been made, but some 2.9 million homes in the private rented sector still need work done to upgrade their EPC rating to a C - and the bill could hit £30bn.
HM Treasury seeks views on AML compliance reform
Four options to reform AML provision have been proposed by the government.
Renter competition remains high as London enters ‘peak letting season’
The latest Foxtons data tells of a traditional Summertime surge of activity in the rental market.