The Market

New analysis points to a surge of new supply hitting the property market.

Key property market activity metrics all remain negative - but less so than in January.

The Mayfair house market is having a moment, reports Knight Frank's local sales team.

...but larger homes are still taking much longer to sell than usual.

Central London's 'investment window looks incredibly ripe for super-prime assets,' says Strutt & Parker boss.

Westminster is rolling out a series of new measures to discourage the purchase of holiday homes or 'buy to leave’ investments.

Dollar-based buyers enjoyed significant currency discounts on homes in London last year, but demand from European and Middle Eastern buyers remains low.

The number of £1mn-plus homes has rocketed by around 40% since 2019, reports Savills.

'Whilst the prime property market has healthy levels of activity it nonetheless remains incredibly price sensitive,' says Garrington.

Catch up on all the latest movements and commentary in less than five minutes, featuring data and analysis from JLL, Knight Frank, Halifax, Zoopla, Savills, the Bank of England & more...

Knight Frank illustrates how far US$1 million will stretch when it comes to prime residential property from Monaco and New York to Cape Town and Mumbai.

Following a bumper 2022, Savills has registered the highest number of buyers looking for £5m-plus homes since its analysis began.