The Market
Sales market ‘continuing to lose ground’ while rentals remain hectic – RICS
July's survey of surveyors yields 'concerning' insights on both sales and lettings markets across the UK.
Ranked: Which overseas owners hold the most UK property?
Hong Kongers own the biggest property portfolios of any foreign nationals across England and Wales, according to some recent research - with an estimated £10.
Speculation around extent of market decline ‘may have been overstated’
The market is showing 'remarkable resilience' in the face of economic headwinds, reports TwentyEA.
Lettings supply rises in Prime London as sales market stutters
“We are starting to see a noticeable shift in stock from the sales markets to the lettings market as owners are not able to sell for the asking price,” says Knight Frank.
Half of homes sold in July had their asking price reduced
Higher mortgage rates "have acted as a wake-up call to sellers who had been on the market for some time, prompting a record share to cut their asking price," says Hamptons.
400,000 UK rental homes ‘lost’ since 2016
CBRE estimates that landlords have sold 126,500 rental properties since 2022, as mortgage rates and other costs have escalated.
Prime London sales market slows by less than the rest of the UK
Prime Central London property prices fell 0.9% in the year to July, according to Knight Frank's last index - which was the largest drop since April 2021. Prime Outer London saw a 0.
Savills: On forecasting in an ever-changing property market
One of the property sector's top research teams pulls back the curtain on the tricky business of making market predictions, as they warn of "some further price adjustments to come."
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 JLL, Halifax, Coutts, the Bank of England, Knight Frank, REDD & more...
Prime markets being driven by cash purchasers, needs-based buyers & relocators – Savills
Agency's summer sentiment survey reveals an uplift in 'commitment to move', but there's a widening gap between cash and mortgage buyer motivations.
Celebrity estate agency ranks London’s most popular luxury property ‘necessities’
"We have seen a significant shift in what people want when it comes to luxury homes in the Capital," says RIB boss, as a survey of Prime Central London property buyers and sellers yields some surprising…
Property industry reactions: Bank of England hikes base rate again, to 5.25%
Featuring analysis from Chestertons, JLL, Knight Frank, Rightmove, Savills, Zoopla and more.