The Market

The average selling price of a Scottish prime property has topped £1.5mn for the first time, reports Fyndd (formerly known as Prime Edinburgh Property).

RICS reports month-on-month declines in buyer demand, new seller instructions & in average prices.

Supply has tightened as the sector faces a combination of regulatory & fiscal pressures, reports Knight Frank.

Sales activity has stabilised after H1's stamp duty disruption but heightened uncertainty is casting a shadow, reports Acadata.

A big back-to-school spike in new instructions last week, while agreed sales remain thin on the ground.

'Buyers are looking at the market through an ultra-cautious lens,' but boutique agency boss still sees positive signs.

'Landmark' new framework sets out best-practice guidance for the use of artificial intelligence in the property sector.

HNW buyers 'can currently tap into an unusually wide super-prime new-build offering' in the capital, writes Katy Warrick of Savills, as shifting trends present challenges & opportunities for luxury developers.

A changing tax landscape has opened up a buying opportunity in central London, writes Lucian Cook of Savills – and with it, a shift in HNW buyer profiles.

Average prices in PCL are showing their widest annual decline in over four years as mounting uncertainty weighs on sentiment, reports Knight Frank's head of UK resi research.

'The fall in outmigration is closely tied to the capital’s subdued housing market,' says Hamptons, as fewer home-owners leave London.

Your essential five-minute briefing on the latest market movements & commentary, featuring data and analysis from Knight Frank, Domus Nova, Rightmove, Savills, BoE, Landmark, Black Brick & more...