The Market

'The meteoric rental value growth seen in recent years has calmed down,' says Knight Frank.

16% more sales were agreed in Prime London last week compared to the previous seven days, but 15% fewer than the corresponding week last year...

Economics expert David Smith explains how the housing market has so far managed to swerve a major downturn in this piece for The Times.

Strutt & Parker's Central London offices enjoyed a 'significant' flurry of buying activity last month, with 84% more offers accepted in November than in October.

Exchanges have been running 40% higher than the five-year average in the leafy NW London neighbourhood, reports agency.

'There are signs that the UK rental market will turn in 2024,' says Richard Donnell; 'rents are reaching the maximum affordable price and rental demand is starting to slow.'

Almost twice as many homes have sold for more than £10mn in Mayfair this year than in 2022.

The property market displayed 'much-better-than-predicted resilience this year,' says Tim Bannister, despite a bigger than usual December dip for new asking prices.

'We expect lending to remain weak in 2024, with a gradual improvement in affordability reflected in a modest increase in activity levels in 2025,' says banking industry trade body.

Tenants across Great Britain paid a record £85.6bn in rent in 2023, says Hamptons - equivalent to the total value of all homes sold in London last year.

Buyers are becoming more discerning, and placing greater emphasis on community and amenities, writes BPSDC's resi boss.