The Market

'The Bank of England’s decision to hold Bank base rate at 5.25% is likely to bring more confidence to the UK housing market,' says Savills.

'The overall picture in the last year was rather beige but there have been some pops of colour,' says PCL buying agency Black Brick.

The number of estate agents operating across the UK has increased by 1.9% in the last year, despite a decline in transaction numbers.

Sentiment in the property market is becoming 'a little less negative', says the RICS.

A record number of new sellers came to market on Boxing Day last year, says Rightmove - 46% higher than 2021 and 173% above pre-pandemic 2019.

The market is returning to more typical levels, reports the estate agency.

Stay abreast of the key policies & issues affecting the sector with our regular legal briefing, prepared by Boodle Hatfield's team of experts.

'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.