The Market
OBR downgrades housing market forecast: prices set to fall by 10%; transactions by 20%
"Low consumer confidence, the squeeze on real incomes, and the expectation of mortgage rate rises to come are expected to contribute to continued falls in house prices and a reduction in housing market…
‘Bank of Mum & Dad’ shelled out almost £9bn to first-time property buyers in 2022
Nearly half of all mortgaged first-time buyers relied on family money to get on the property ladder last year - and Savills expects this proportion to rise to three in five as Help to Buy ends.
Budget Explainer: Here are some ways to read between the lines on what’s being reported
Simon Wren-Lewis, an Economics Professor at the University of Oxford, explores how media coverage of government finances and Budget statements can be confusing, and often misleading - highlighting some…
Sellers are having to be much more realistic about pricing if they want to transact in this market – LonRes
Average discount to asking price hits -8.4% in Prime London, with data showing the longer it takes to sell, the bigger the cut.
Quantifying Britain’s currency discount: Which nations are seeing the biggest savings on UK property?
Many international buyers 'are now enjoying a substantial discount when purchasing versus the price they would have paid a year ago when property values were lower', says a London estate agency.
House prices in these areas are yet to recover from the 2008 market crash
Inflation-adjusted house prices in 35 UK areas are still below where they were in 2009, according to new research.
New buyer numbers jump 10% as market ‘stirs from its slumber’
'It’s increasingly clear the market is not heading over a cliff', says Knight Frank.
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 Savills, Hamptons, BNP Paribas Real Estate, John D Wood, Glentree & more...
Budget 2023: What’s in store for the property sector?
Jeremy Hunt's pre-Budget talking points emphasise 'the stability that comes from being responsible'.
Higher borrowing costs force a ‘change in strategy for landlords’
'Investors are having to dig deeper into their savings to ensure the sums stack up on any new buy-to-lets,' says Hamptons.
Clear evidence of a sustained downturn but this is not a collapsing market – Acadata
Prices are still growing, albeit at a much-reduced rate.
UK mortgage applications fell sharply in the final quarter of 2022
Fresh data from UK Finance and Accenture confirms the sharp drop in house-buying and consumer confidence following the ill-fated mini Budget.